Monarch alternative
· Built for CanadaYour whole Canadian financial picture, for less in the long term.
Your banks, your TFSA, RRSP and FHSA, and your Canadian credit score, in one place. Billed in Canadian dollars, for less than Monarch in the long term.
Billed in your dollars. And less in the long term.
Finly Money bills in Canadian dollars. Monarch bills in US dollars, refunds included, so what you pay moves with the exchange rate and your card's foreign-exchange fee.
Finly Money
$96
CAD a year
Our lowest plan, Grow, at $8 a month. Pay what you want above it.
Monarch
about $140
CAD a year
Monarch's yearly plan at its regular price, $99.99 USD.
Long-term yearly cost at regular prices. Finly Money: Grow's $8 monthly minimum × 12, before sales tax; Finly Money is billed monthly and has no annual plan. Monarch: Core's yearly plan, $99.99 USD (monarch.com/pricing, October 2026), at the Bank of Canada's September 2026 average of 1.3962 CAD per USD, before sales tax and card foreign-exchange fees. Monarch's first-year promo codes for new members aren't included, since they end after the first year. Its monthly plan is $14.99 USD.
Built in Canada, for Canada.
Monarch is a US company that serves Canada through US data providers. FinlyWealth is headquartered in BC and only operates in Canada, so everything in Finly Money starts from the way Canadians bank, invest and pay tax.
Finly Money
BUILT FOR CANADAOnly operates in Canada, for Canadians
Connects through Flinks and Plaid
TFSA, RRSP and FHSA, with brokerages connected through SnapTrade
Headquartered in BC, billed in Canadian dollars
Monarch
US COMPANYConnects through Plaid, Mastercard and MX, without Flinks
Says some Canadian banks are hard to connect or keep synced
Credit score for US members only
A US company, headquartered in San Francisco
Everything that makes up your money, in one place
Your TFSA, RRSP and FHSA
Connect Wealthsimple, Questrade, TD Direct Investing and more, read-only through SnapTrade, and see your registered accounts with holdings, allocation and gains beside your spending.
Your Canadian credit score
Your Equifax Canada score and what's moving it, beside your budget and bills. Monarch's credit score is for US members only.
What your Canadian cards earn
Points and cash back on every purchase, worked out with each Canadian card's real earn rates and caps.
Canadian taxes, built in
GST/HST and the CRA's T2125 lines for freelancers and the self-employed, with a tax pack ready for tax season.
Two ways into your bank, not one.
Bank connections sometimes break, in any money app. When yours has trouble, Finly Money has a second way in, and a statement upload as a last resort.
Monarch's own help centre says some banks in Canada are “difficult to connect to or keep synced”, and suggests typing those accounts in by hand instead.
1.Built for Canadian banks
We connect through Flinks, a Canadian company made for Canadian banks and credit unions.
2.A backup that kicks in on its own
If a bank is having trouble, we switch it to our second connection, Plaid. You don't have to do a thing.
3.One more try, the other way
If your bank won't connect, Finly Money offers to try again the other way.
4.A statement when all else fails
Upload a PDF or CSV statement from any bank, and your transactions still come in.
WORKS WITH THE BANKS AND CARDS CANADIANS USE
RBC
TD
Scotiabank
BMO
CIBC
National Bank
Tangerine
Simplii Financial
EQ Bank
Manulife Bank
KOHO
Neo Financial
Wealthsimple
American Express
Connected read-only through Flinks or Plaid, or bring a PDF or CSV statement from any bank.
Finly Money vs Monarch, feature by feature
What each app offers someone who banks in Canada.
Finly Money
Monarch
Connects through Flinks
Built for Canadian banks and credit unions
Connects through Plaid
Brokerages through SnapTrade
Wealthsimple, Questrade, TD Direct Investing and more
Credit score
Ours from Equifax Canada
Canadian credit card rewards
Real earn rates and caps, purchase by purchase
GST/HST and T2125 business books
Subscriptions and bills found for you
A budget that follows your month
Net worth and investments
Billed in
CAD
USD
Headquartered in
Canada
US
Monarch details from its own website and help centre, October 2026. “US only” means offered to US members only.
Everything you'd use Monarch for, built for Canada
Watch your net worth grow
Everything you own and owe, over time. In every plan.
Never be surprised by a bill again
Bills, subscriptions and what's due. In every plan.
A budget that keeps up with you
A plan for your income, bills and spending. In every plan.
And everything in between
Rules, tags, exports, privacy mode, dashboards you build and more, side by side.
To be fair to Monarch
It's a capable app, and some of what it does we don't. If your banks and accounts are Canadian, Finly Money was built to connect to them.
Made for couples
Monarch is built around sharing finances with a partner, and does it well.
A choice of data providers
When one connection struggles, Monarch lets you try another of its providers for that bank.
Credit score, in the US
US members can track their credit score in the app today.
A polished app
Its everyday features are close to ours. The difference is how much of a Canadian's money it can bring in.
Your money stays yours
Finly Money reads your accounts so it can sort and explain them. It can never move your money, and what you share is up to you.
Read-only, always
You sign in through Flinks or Plaid. Your bank password never reaches us, and nobody can move money through the link.
Yours to remove
Disconnect a bank any time. Deleting your account deletes your financial data with it.
Private on screen too
Privacy mode blurs amounts, merchants and account names with one switch, for when someone's looking over your shoulder.
Monarch or Finly Money, answered
Anything else on your mind? Get in touch.
Finly Money has a second way in. It connects through Flinks first and Plaid as the backup, switches a bank that's having trouble to the other one, and offers to try the other way if your own attempt fails. If neither works, upload a PDF or CSV statement from any bank.
Yes. Connect Wealthsimple, Questrade, TD Direct Investing and more read-only through SnapTrade, or track an account by hand, and see your holdings, allocation and gains beside your spending.
No. Monarch's credit score is for US members only. Finly Money shows your Equifax Canada credit score and what's moving it.
FinlyWealth is headquartered in BC and only operates in Canada, and every Finly Money plan is billed in Canadian dollars. Monarch is a US company, headquartered in San Francisco.
Yes. Every Finly Money plan is priced and billed in Canadian dollars. Monarch bills everyone in US dollars, refunds included.
Your first plan starts with 7 days free, once per person, and your card is only charged when the trial ends. We'll email you 2 days before, so it never takes you by surprise. Cancel before then and you pay nothing.
Connections are read-only. You sign in through Flinks or Plaid, your bank password never reaches us, and nobody can move money through the link. Disconnect a bank any time; deleting your account deletes your financial data with it.
See your whole Canadian picture in one place.
Link your banks, cards and brokerages, or upload a statement, and see everything you own and owe in minutes.