Juggling multiple bills each month can be a hassle. Between setting payment reminders, tracking spending, and watching account balances, managing your finances takes time. That’s where the Prism app aims to help.
Prism offers an all-in-one solution for streamlining bill payments, budgeting, and monitoring your money. But does it live up to its promises? Here is an in-depth Prism app review.
Streamlined Bill Payments
The Prism app makes paying your bills easy. Simply link your bank accounts and biller accounts in the app. Prism securely stores your logins to access balances and payment info.
You can add regular monthly bills like rent, utilities, subscriptions, loans, and more. Prism provides reminders when bills are coming due and lets you review amounts and make payments right in the app.
You can set up automatic payments or pay bills manually at your convenience. Prism also offers bill negotiation services to help lower your monthly costs.
I especially like how Prism organizes all your upcoming bills on a calendar so you can plan payments and avoid late fees. Streamlined bill pay is a major perk.
Budgeting and Money Management
In addition to bill pay Prism provides robust budgeting features. Connect all your bank and credit card accounts to automatically pull in transaction data.
Prism analyzes your spending history and creates a customized budget for you. See breakdowns of your monthly spending by category like housing, food, transportation, and discretionary.
The app sends alerts if you approach or exceed budget limits in any area. I like how customizable the budget is – you can manually adjust category amounts at any time
Prism also makes it easy to track your net worth. Link investment and retirement accounts to get a holistic view of your financial situation all in one place.
Financial Insights and Tips
Not only does Prism organize your finances, but it also offers insights to help improve your money management. You’ll get tips tailored to your spending behaviors.
For example, Prism may suggest adjusting your budget in certain areas based on your transactions. It will recommend transferring funds if balances run low before payday.
The app also provides education around topics like building credit, managing debt, saving on bills, and reaching financial goals. I learned ways to save on monthly expenses and optimize my budget.
Ease of Use
Prism delivers a user-friendly design that makes navigating all the features straightforward Clean, colorful graphics clearly visualize your transactions, budgets, and bills
All the key tools are accessible from Prism’s central dashboard so you don’t have to go hunting. And the mobile app provides the same great experience as the desktop.
Syncing external accounts is simple – just search for your provider and enter your login credentials. I also found Prism’s customer service helpful for any questions.
Security
I know security is a top concern when using financial apps. Prism uses bank-level encryption and data access controls to keep your information safe.
Your data is never sold or shared either. Prism is also SOC 2 Type 2 audited for financial data security. Two-factor authentication adds an extra layer of protection as well.
I felt reassured knowing Prism uses industry best practices to secure accounts and transactions within the platform.
Pros & Cons
Overall, Prism delivers an exceptional bill management and financial wellness solution:
Pros:
- All-in-one bill pay and money management
- Custom budgets and spending analysis
- Bill negotiation and savings opportunities
- Educational financial tips and insights
- User-friendly and intuitive interface
- Robust data security measures
Potential Cons:
- Monthly subscription fee after 30-day free trial
- Account syncing can take some time initially
- No investment or credit score tracking
Is Prism Worth It?
For those looking to simplify their finances and gain control of their money, Prism is absolutely worth considering. The app streamlines tasks like bill payment while providing valuable insights.
While there is a monthly fee, Prism’s budgeting tools, bill savings, and convenience quickly add up to justify the cost for most users. Better money management can lead to big long-term dividends.
If you are frustrated tracking bills and accounts across multiple platforms, give Prism a try. The intuitive interface and wealth of features make financial admin much smoother.
Prism offers a 30-day free trial so you can experience the benefits firsthand. Take control of your money and bills with this top-rated all-in-one solution.
Can Prism save you money?
Prism can help you avoid late payments, but it’s not a debt negotiation service. Prism wont reduce the amount you pay for bills, but it can help you avoid late fees.
Paying bills late can trigger penalties. For example, paying a credit card bill late often results in a $29 late fee (sometimes higher). In addition, late payments can hurt your credit score.
With Prism, you can schedule your bill payments in advance, so you dont have to worry about missing the due date. Paying bills on time can also help you build a positive credit history. A good credit score can save you money if youre able to snag lower interest rates when taking out loans.
Prism is a 100% legitimate company. The company was acquired by BillGo in 2018 and continues to provide reliable bill payment services to customers.
As for its overall reputation, Prism has received numerous reviews and ratings from consumers and personal finance websites. Based on our research, we determined that Prism earns a rating of 4.05 stars out of 5, on average.
According to the site, the app has over 30,000 5-star reviews. Prism earns a 4.7-star rating in the Apple Store and a 2.7-star rating in the Google Play Store.
It’s safe to manage your money using the Prism app. Prism takes user safety seriously. Some of the ways Prism protects your data include:
- Never selling your information to third-parties
- Using 256-bit AES encryption to secure data
- Giving you the option to set a PIN or use biometric settings to secure your account login
- Encrypting data before its transmitted
- Firewalling sensitive information
No sensitive information is ever stored on your device, including your login details or payment information. Prism only sends that information when youre paying a bill. That means no one can steal your information from the device you use to access your Prism account.
If your device is lost or stolen, you can deauthorize it so that no one can use Prism. You can do that by using another device to sign in, then deleting the lost device from your account settings. If you need help, you can contact Prism support.
What does Prism cost?
Prisms bill pay services are free to use. Thats a plus if youre looking for a way to simplify the bill- paying process without any added cost.
So how does Prism make money? The company makes money through some of its biller relationships. They also offer exclusive payment options. Prism does not sell its user data.
Some bill- pay services charge monthly service fees. For example, you might pay $9.95 a month to use a specific app or online bill-tracking software.
Best App For Managing Bills – Prism App Review
FAQ
Is the prism app legit?
It’s safe to manage your money using the Prism app. Prism takes user safety seriously. Some of the ways Prism protects your data include: Never selling your information to third-parties.
How does prism bill pay work?
Prism lets you choose which day to send your payment to your biller, unlike bank bill pay and many other online bill pay services. This eliminates annoying (and confusing!) delays. It may take a few days for your bank payment to go through, but your biller will credit you right away.
Is the prism app shutting down?
We’ve decided to shut down Prism after giving it a lot of thought. We want to thank all of our wonderful users for their support and loyalty throughout Prism’s life. Here is important information you need to know as we get ready to close down the Prism app for phones.
How much does prism app cost?
Prism is a free service that lets you track and pay your bills in one convenient app. We want you to be able to do this without having to pay a monthly fee or fees every time you make a payment.
Does prism work with billers?
More billers work with Prism Money than any other bill payment app. It was bought by BillGO in 2018. You can use the bill pay feature for free, and you can get the app on both Apple and Android devices. If you’re looking for a way to simplify finances, keep reading to learn how Prism works. What is the Prism App?.
Is Prism a free Bill Pay app?
Prism is a free bill pay app that works with thousands of service providers. The Prism App pulls bill statements for you and alerts you to due dates. You can use Prism to pay all your bills in one place. No live chat support. How does Prism compare to competitors? Prism is just one of many platforms offering online bill pay services.
How does the prism app work?
You can add all of your billers, keep track of when your bills are due, and pay them all in one place with the Prism app. You can get the app from the Apple App Store or the Google Play Store, make an account, and quickly start paying your bills. To add a biller, you’ll just need to enter your login credentials for the biller’s website.
Can I use prism to pay rent?
Prism allows bill payments to supported billers. It’s not possible to use Prism to pay rent if the owner of the place you rent is not on that list. You may, however, be able to pay rent via Venmo, Zelle, PayPal, or another person-to-person payment app. The Prism app helps you track and manage bills.
Is Prism free?
Prism is completely free. If the payment method for your bill is also free, then it’s free with Prism as well. When a new bill comes in, it brings you to the bill pay screen.
Does Prism use a third-party payment platform?
Prism does not use a third-party payment platform. You can pay any bill right away without any delay if you want. This is perfect if you suddenly realize a bill is due. Most importantly, Prism is completely free.