{"id":18412,"date":"2024-09-03T17:55:24","date_gmt":"2024-09-03T17:55:24","guid":{"rendered":"https:\/\/www.webmonkey.com\/cleo-budgeting-app-review-is-this-financial-assistant-app-actually-worth-it\/"},"modified":"2024-09-16T15:13:49","modified_gmt":"2024-09-16T15:13:49","slug":"cleo-app-review","status":"publish","type":"post","link":"https:\/\/www.webmonkey.com\/cleo-app-review\/","title":{"rendered":"Cleo App Review – Is Cleo Legit & Worth Using?"},"content":{"rendered":"\n
Cleo<\/a><\/strong> is a popular AI-powered chatbot that can help users save more money and build good financial habits. And it's also a leading app for cash advances<\/a> that can spot users up to $250 if they're in a pinch.<\/p>\n\n\n\n But is Cleo Plus worth paying for to unlock all its features? And what do other users have to say about this all-in-one finance app?<\/p>\n\n\n\n Our Cleo review is covering how it works, its pricing, and how to ultimately decide if this app is worth using.<\/p>\n\n\n\n Want more fast money-makers? Checkout<\/strong>:<\/p>\n\n\n\n Cleo is legit and helps its members save more money, budget, and take out cash advances if they need a helping hand. The app is also popular, with a 4 star rating on Trustpilot with over 3,200 reviews.<\/p>\n\n\n If you're trying to save extra money each month<\/a>, Cleo's AI chatbot and budgeting tools could be what you're looking for. We also like its cash advance feature since it's similar to apps like EarnIn<\/a> and Super<\/a>, which let you borrow up to $750 and $250 respectively.<\/p>\n\n\n\n If you just <\/em>want a budgeting app, alternatives like Rocket Money<\/a> are a better choice in our experience. But Cleo is a comprehensive app that also caters to gig workers and freelancers as well as full-time employees.<\/p>\n\n\n\n Cleo<\/a><\/strong> is a London-based FinTech startup that was founded in 2016. The Cleo app, sometimes called Meet Cleo, is available on both the Android and iOS app store.<\/p>\n\n\n\n Currently, Cleo has more than 5 million users, and this app is pretty much the fastest growing app the FinTech world has ever seen.<\/p>\n\n\n Cleo has been incredibly popular for younger crowds\/millennials, and this is by design. The Cleo app has a sleek interface, does all the work for the user, and mixes in witty bits of sarcasm to make managing your finances feel more engaging or humorous.<\/p>\n\n\n\n Its cash advance feature is also incredibly useful. It lets members borrow up to $250 against an upcoming paycheck and doesn't charge interest or require a credit check. And it's even available to gig workers<\/a> and freelancers.<\/p>\n\n\n\n Overall, Cleo is a great solution if you need cash to pay rent<\/a> or upcoming bills. And we like that it has a host of budgeting and saving tools for a long-term financial gameplan.<\/p>\n\n\n\n Users have to connect their banking details to Cleo<\/strong><\/a> to allow the AI-powered chatbot to analyze spending patterns and actually get to work. You can use the platform through the mobile app version or Facebook Messenger.<\/p>\n\n\n\n Most major banks are supported, and setup only takes 2-3 minutes. If your bank isn't supported, you can request support with setup as well.<\/p>\n\n\n\n You can connect multiple accounts to the app, and actually using certain features is easy. For example, typing or saying ‘budget' will prompt the app to start working with you to create a budget.<\/p>\n\n\n\n Cleo operates on a freemium model like many other finance based apps. However, users still get some nifty features with the free version of Cleo, which makes it easy to test out the platform before trying out Cleo Plus (more on why this feature later on).<\/p>\n\n\n\n Here are some of the main Cleo features to know about:<\/p>\n\n\n\n The Cleo app lets users borrow $20 to $250 against an upcoming paycheck without paying interest or going through a credit check<\/strong>.<\/p>\n\n\n\n First-time users can only borrow $20 to $100. But you can increase your limit over time, and Cleo connects to your bank account to monitor your income and determines how much you're eligible to borrow.<\/p>\n\n\n Most cash advance apps require having a full-time job and regular paychecks to qualify. But Cleo works with side hustlers<\/a> and freelancers, which is certainly a unique selling point.<\/p>\n\n\n\n Once you take out an advance, you have 14 days to pay Cleo back. Also note that funds take up to 4 days to appear in your linked bank account if you don't want to pay fees. If you need money instantly<\/a>, you pay a $3.99 express fee.<\/p>\n\n\n\n Apps like EarnIn<\/a><\/strong> offer higher cash advance limits of up to $750 per pay period. But EarnIn doesn't work with gig workers, so Cleo is certainly easier to qualify for.<\/p>\n\n\n\n The most basic feature Cleo offers is the ability to track your spending. Once you connect your bank account to the app, you'll be able to view your balance, spending categories, and get an easy overview of your bank account.<\/p>\n\n\n\n This isn't much different than most budgeting apps, like Rocket Money<\/a> or YNAB<\/a>. However, you can also ask the Cleo app several questions, such as:<\/p>\n\n\n\n\n
Key Takeaways:<\/strong><\/h2>\n\n\n\n
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Is Cleo Legit?<\/h2>\n\n\n\n
What Is Cleo<\/strong>?<\/h2>\n\n\n\n
How Does The Cleo App Work?<\/strong><\/h2>\n\n\n\n
1. Cleo Cash Advances<\/strong><\/h3>\n\n\n\n
2. Track Your Spending<\/strong><\/h3>\n\n\n\n
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