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Vault22 vs FinWise

Two money apps, side by side. See how they differ, what FinWise says about Vault22, and which fits what you want to do next.

Last checkedOctober 2026Reviewed byThe Vault22 team

The short answer

Both apps connect to South African banks. FinWise is a paid app for budgeting and tracking. With Vault22, you start free and bring your spending, debt, savings, investments and household finances together, across regions and currencies, with Tara helping you decide what comes next.

Side by side

Vault22 and FinWise, side by side.

Bank connectionsVault22Connect 300+ South African institutions, plus banks in the UAE, the US, the UK, Canada and 17 more countries across Europe, including cards, loans and investmentsFinWiseSouth African banks, plus the US, Canada and most of Europe

Pricing and tiersVault22Start free. Basic and Premium add more featuresFinWiseOne paid plan after a 14-day free trial

Shared and household budgetingVault22Family Circle, so your household can plan together, with privacy for each memberFinWiseNone

Debt payoffVault22See everything you owe in one place and compare Snowball and Avalanche payoff plansFinWiseNone

Savings goalsVault22Set savings goals, including shared goals with your household, and track progress from payday to paydayFinWiseNone

Investing and marketplaceVault22Invest in South Africa and the UAE, and compare 57 products from 26 providers side by sideFinWiseNone

Guidance (Tara)Vault22Tara helps you understand your options and decide what comes nextFinWiseNone

Security and data storageVault22Read-only connections through regulated data providers, with 256-bit encryption in transit and at restFinWiseConnects through Yodlee and other data providers

Multi-currency and regionsVault22South Africa, the UAE, the US, the UK, Canada and Europe, with 155+ display currencies. Premium brings multiple regions into one viewFinWiseMulti-currency, with bank sync in South Africa, the US, Canada and most of Europe

Checked against finwiseapp.io and Vault22’s own product pages in October 2026.

What’s accurate today

What FinWise says, and what’s accurate.

FinWise publishes a comparison with Vault22, last reviewed on 22 September 2026. Here’s each point, checked against Vault22 today, so you can decide with the full picture.

Ownership
FinWise says
“Owned by Old Mutual; product incentives may differ.”
What’s accurate
Vault22 has three shareholders: SC Ventures (Standard Chartered), Old Mutual and Franklin Templeton.
Financial products
FinWise says
“Recommendations may include products they offer.”
What’s accurate
You can invest through Vault22’s managed portfolios, and compare products from 26 providers side by side in the marketplace. Vault22 may receive fees or commissions from some providers when you take up their products or offers through our platform; the choice remains yours.
Regions and currencies
FinWise says
“Limited multi-currency support, with focus moving to the UAE.”
What’s accurate
You can link accounts in South Africa, the UAE, the US, the UK, Canada and 17 more countries across Europe, keep every balance in its original currency and see your totals in any of 155+ currencies. Premium brings multiple regions into one view. You can also invest in South Africa and the UAE, including Shariah-compliant portfolios.
Categorisation
FinWise says
“Often needs more manual tweaks to stay accurate.”
What’s accurate
Since May 2026, you can sort spending across 50+ categories, with spending groups for debt, bank fees, utilities, communications and insurance. Change any category when it doesn’t fit.
Insights
FinWise says
“Focuses on clearer monthly spend summaries.”
What’s accurate
Beyond the Monthly Money Report, you can set budgets that start on payday, plan future months, compare debt payoff approaches, track net worth and see your Financial Fitness Level (in beta), built from around 50 data points.
Design
FinWise says
“Keeps a familiar legacy layout.”
What’s accurate
The Vault22 App Design was updated in October 2026, and continues to go through multiple iterations as the team collects ongoing customer feedback.

Switching to Vault22

Moving from FinWise to Vault22.

01
Download Vault22
Get the app on iOS or Android, or use the web app, and create your profile.
02
Connect your accounts
See how your financial life fits together, and where there may be room to move. Access is read-only, so money only moves when you move it.
03
Bring your history
Upload past bank statements to bring your history into Vault22, so your budget starts from real spending.
04
Choose your first move
Set a budget around your payday, compare debt payoff approaches, or ask Tara what deserves attention first.

FAQs

Common questions about Vault22 and FinWise.

Contact

It depends on what you want to do. Both connect to South African banks. Only Vault22 also lets you start free, pay down debt with a plan, save towards goals, plan with your household, invest in two regions and ask Tara, with all your accounts and currencies in one view.

Yes. With Family Circle, your household can see and plan together, with privacy settings for each member.

Old Mutual is one of three shareholders, alongside SC Ventures and Franklin Templeton.

Yes. Free is a complete app, not a trial, with unlimited account connections. Basic and Premium add daily updates, your full history and lower investment fees.

Yes. On the web app, you can export your transactions from the Transactions page, or download a Monthly Money Report from Budget. Free covers the last three months, and Basic and Premium cover your full history.

We check FinWise’s published pages monthly and update the date at the top whenever something changes.

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