Qapital: Set & Forget Finances Reviews

by Gina FL

I downloaded this app as an attempt to save money and it’s been causing the complete opposite for my finances. this app caused my check to bounce because they took out funds with no prior notification, or “pending” status, which would have allowed me to deposit money into my account to avoid the negative balance. I was expecting money to be transferred per purchase or transaction into this app, but instead it just took out a lump sum of money 5 days later.

When I contacted my bank I was told that because this app gains your bank information by account and routing number they don’t need to provide verification and can remove however much they want without your approval. When attempting to return the money in my checking account, the this app app stated that it will take up to 4 DAYS for me to be able to reach these funds again, and it’s basically being held in limbo within their app.

When reaching out to this app customer service you receive a message from an automatic chat system that doesn’t understand most commands or responses and you are told that you will be contacted by a real person within the next day. I’m currently waiting for these funds to clear in this app so I can delete my account. I am unable to remove my bank information until their system releases my money. I’ve had the worst experience through Qapital.

by Shmaubrey

I’m very bummed. I’ve used Qapital for years and I realized I started getting charged for a membership. I reached out to customer support to understand what happened. In short, they told me they had sent out an email months ago that everyone was going to be upgraded automatically (to the highest cost membership) and I had two choices. I could just change my membership and lose the money I didn’t know I was paying for the past few months, or if I wanted a refund I would need to delete/close my account. I also went back to view the messages sent to me earlier in the day when I got home from work and they’re wiped. There’s no way to even view them. I was sad to leave Qapital I’ve been using for years and have recommended to many friends/family, but the messages made me feel like it didn’t matter. What made it worse was the reason I didn’t see the monthly charges in my bank account was because my bank started making you re-link your account periodically. this app just started taking the membership fee out of my goal’s savings so I didn’t see it in my usual bank statements. I appreciate how Qapital helped me over the years, but if I’m going to get an ultimatum from someone I turned to for help, I think it’s best to find something different. I guess don’t get too comfortable even if you’ve been using something like this for a long time.

by Juliereneewolf

I used Qapital for about a year. And it did serve it’s purpose for me and well! I hate to be the kind of person to leave a negative review but at this point I feel like I’m out of options. There is no phone number to contact them so you have to contact them through email only. I closed my regular bank account and opened with a credit union so I needed to change my funding account. So I filled everything out that I needed to fill out but no matter what I did I could not connect my bank on Qapital . Response time was extremely slow and honestly not helpful at all. I basically was just told to “try again” multiple times. Well it never worked so seeing as I can’t transfer money over to them I asked to close my account. It took a week for them to respond and no questions as to why or if I was unhappy with Qapital . The woman I spoke to didn’t even take the time to check my account to see what type of account I had that I wanted to close. When I confirmed I wanted to close my spending account she replied immediately that she closed it and sent the money to my bank. But since my bank never connected I don’t know what bank she actually means? The response time is just so slow and so frustrating. When you’re dealing with peoples money customer service is a big deal. But like I said Qapital is great for saving money and what it’s meant for. But if you have an issue that you need resolved good luck.

by Nigel Sly

Qapital itself is great. The features the interface even the investing aspect is all very good. But it’s too buggy for me to trust placing my money into it. I’ve used it off and on for about 2 years now. I always kept some money in my account but I will be looking for another alternative now. The time it takes for transfers to initiate, actually transfer, and then become available in your account is upwards of 4 business days. Since it is a savings app. Would typically look past that, but that along with my bank account randomly disconnecting with no ability to reconnect for a certain time, Qapital randomly crashing, and now being unable to open Qapital at all. I’m fault of my own a large amount was taken from my bank account and placed into this app. I do need this money too so I figure okay I’ll just transfer it back, wait a few days no big deal. But Qapital will not open at all now. I’ve deleted and redownloaded Qapital and still nothing. I’ve been dealing with similar bugs for 2 years but this was the icing on the cake. As soon as I am able I’ll be withdrawing my funds from If you’re already a customer I won’t try to convince you otherwise. But until these bugs are fixed I cannot recommend this to anyone.

by Sciv

I love using Qapital. Very easy to use. I just wish the deposits were more frequent. I use the set and forget rule added with round up rule. Picked to have $2 dollars a day, because who would notice just few dollars a day? Except, it builds up and then by the time it does come out it’s a big enough amount that I notice (at times over $60) I recommend getting the debit card. Otherwise, you’ll need to wait a few days for the money to be put back in your account, which is a pain if this is your emergency fund.
Update: I have still been loving Qapital. I don’t really use it for savings. I take what I’ve earned each week from round up rule and transfer it to my debit card. Then that’s what I use for the week for lunch at work. The only thing I’ve seen change since I started using this app, was they now charge monthly fee. Not sure of the prices, I started using this so long ago that I was grandfathered in on the account type I was using. They still only deposit money in your account on certain days. But I did discover that if it’s starting to get higher then you really could afford, that you can go in and cancel pending deposits individually until you get down to the amount you’re wanting. And if your primary account gets down to a certain amount,(believe $150) then they will pause withdrawing from that account. Only reason for not giving 5 stars is because of their deposit schedule. Otherwise I love Qapital

by Hyphybae

I was the worst saver before this app-aimless spending, no goal management. this app has allowed me to stay goal focused and make a dent into savings for things like an emergency fund, a downpayment and a fancy tent for burning man. While it took some getting used to, automating savings was what I needed and changes how I live-I see my bank account and I think I’m broke-but really this app is putting my money where my mouth is. I’m no longer talking about my wants but going after them and that feels good. Setting up rules based on my spending behavior makes me think twice before swiping at the register. Every time I make a gas purchase, I put a little more into my car maintenance fund just in case I might need it down the line. The best part is when you get settled with this app and see your savings stack- it’s addicting! You can actually visualize your goals-manifestation baby. If I had some critiques of Qapital it would be that it isn’t a high yield savings account and your money isn’t growing based on the any interest earned on the account itself-just your hard work. Now that I’m approaching 10k I need to start looking into a more permanent solution but this app showed me that I have what it takes to actually save.

by Itizmemikeyc

All I can is so far so good. Saving isn’t really a strong suit of mine, so I saw Qapital and thought I would try it. I did a lot of reading on forums and just reviews of Qapital and was assured that it’s not a fake site since it is backed by Wells Fargo Bank. The first week I signed up I had my water heater go bad on me and I needed to replace it. I added the Lowe’s account as one of my guilty pleasures and then I started to save. I started to save by rounding up and also by charging myself $2 extra everytime I made a purchase. Needless to say I had to make a total of 3 trips to Lowe’s land a minimum of $6 I saved. That is not including the round up part. I use my debit card on just about everything, I very rarely carry cash. Soo everytime I make a purchase I save a little. Yes it does come out of your bank account, Qapital isn’t giving you the round up money, so make sure you keep a little more in the account to compensate for a little more being deducted when you make a purchase. Qapital is pretty cool... I also have their debit card that I can use to make purchases. Tells you where you saved and where you guilty pleasure was used. I would recommend it and have to a bunch of friends that have already signed up. I would have given Qapital a 5 but haven’t been using it long enough to get the full experience. I will do another review in a couple months.

by 2008Julian

This platform helps keep me on top of my savings. The rules are are straightforward however there is no way to set a date with the set and forget option. I’d like it to coordinate on my paydays but it comes several days after. No way to adjust as far as I can tell. There is a delay from when your rollover rule actually removes money from your bank account. This makes it hard to keep up with what’s coming out. I would like a freelance option of rules. Personally, whenever my work buys us lunch I rollover $5. It would be nice to create that rule myself. Maybe offering a weekly, monthly and annual spreadsheet I could see how much I’ve saved by my own rules. I also think as part of the application a beneficiary should be assigned before the account is open. I asked and received a lengthy explanation of how your heir would have to contact them and provide extensive proof they were indeed entitled to the money. A simple form at the front end could get your money into the hands of who you would intent it to go without hassle. I would hate to think this opportunity was overlooked on purpose. So far I like what I see, I’m still a bit skeptical to rollover much more than change and small amounts. But in two weeks I am $189 closer to Scotland!

by Junkie's Spoon

this app is an easy way to save your money without you having todo anything. I’m pretty sure I’m like everyone else who does bank balance banking with their money, meaning whatever you see in your bank account is going to be spent on some thing(bills, student loans, overpriced coffee, you know who I’m talking about, etc.) instead of being saved. But I set my this app to take out small increments from each of my paychecks and I use their saving options/rule that I can set my savings account such as their 52 rule which through the course of a year, which is 52 weeks, the saving program will save the dollar amount of the numbered week that it’s saving in until it reaches week 52. At 52 weeks, you would have just over $1300, without you having to do anything but let the rule run. For someone like me who has a hard time saving money and struggles with the money I do get cough teacher salary cough. this app has really made it easy to save and I’m still able to manage the money I do have even with those small increments being withdrawn.

by KatelynAnd

I love this app it’s an amazing app that helps me save money. I’m learning how to use the application, lots of advantages come alone. You can set up a rounded amount to take out of how much you spend, you can set as many goals as you want. A great thing about the application is that when you account, or more specifically your bank account, is on a low balance, Qapital does not take out money from your account until you replenish or deposit more money and it will then take what ever you spent, which made your account low and then anything else. I also love that when I deposit a certain amount of money from a check I set up 11% of the money I transfer to be taken out to save. This number ranges to whatever you decide. It’s great! If you’re looking to take money out of this app you can then transfer the money from Qapital back into your account if you find you’re low on money or if you would like to withdraw the money and save it on the side in cash or if you decide to put the money into use, it’s free! Not a lot of free things are great but this one is, surprisingly so try it out if you get the chance to

by RyanBubbaP

I’ve always been awfully putting money away and saving it. I stumbled upon this app one day and decided to do some research. I love the idea of making up your own rules for saving money and now find myself excited every time I use my card and know the round up rule will take my change and store it away for me. I was skeptical as many are about giving my bank account info to anyone never mind an app. But after reading many online reviews and articles about the company, I decided to give it a shot. I’ve had nothing but an outstanding experience while using Qapital . I just ran into a snag over the past few days where Qapital was having trouble connecting with my bank. I opened a ticket to them and within minutes had an answer from SANDY asking me to try a few things. Within an hour or so everything was back up and running like nothing had happened! Great customer service! If you are looking to save for a wedding, a trip or even just to have extra money put away for emergencies this is Qapital ! I can’t wait to get my this app Visa card in the mail and can’t wait for the this app Investing that is soon to come!

by Meghanwallace

I’ve been using Qapital for quite a while and it’s one of my favorites I am notoriously bad at saving money but Qapital makes it easy and even a bit fun! If I had to share a criticism though it is that this app is not the most easy to understand in terms of checking my bank account. For example: Ot checked my bank account 10am yesterday I had about 126$ in my account. I got paid yesterday some money in the evening and afternoon. I asked this app to put away 50$ into my savings and today around 7am received a notification that my account was on hold for overdraft protection. That’s fine this app will eventually check and notice I have over 500$ in my account now but at the same time I don’t know exactly when because obviously they didn’t check today at 7am. It’s not a huge deal just means my deposits are on hold for a couple days but still I wish I could force this app to refresh my bank account or get an approximate time as to when checks are performed as we are just told Monday through Thursday but not when and like I said obviously this app hasn’t checked any time today or they’d see my bank account is fine. Still fantastic app though!

by Pbaldacci

I love Qapital but something keeps getting on my nerves. I got Qapital because it looked great and easy and had great reviews and for the most part I agree. I have to say that when I can use it I have no issues and I love the customization, the issue is I can only sometimes use it. I’m in college so my debit card is usually working on around an $80 balance with some days right after a paycheck when I have over $100. The issue is this app has a mandatory, non-customizable overdraft protection. HUGE ISSUE. For college kids and some others who keep low balances on their debit cards this app wont let you save. My account is set up so I’m only saving in small amounts at a time (never more than $10 on a single transaction) so I don’t really need overdraft protection to kick in at $100. I love Qapital and I wish they would get rid of this feature or at least change it to automatically calculate the perfect protection for your savings type or let each person choose when they want it to kick in. I want to use Qapital more but right now I’m saving about once a month and it’s not doing much for me :(

by Sthomas0684

Qapital has helped me so much and in so many ways. I am usually the type of person who wants to save money but have a hard time doing it on my own. I love the different features, especially the ones you can round up the dollar amount and fund it for specific accounts. Next year I have to attend three different weddings and a family reunion, which is a cruise. One of the wedding is my mother’s and the other is my own. I would have NEVER been able to save without Qapital helping me to be discipline. The one thing I also love is if I have an emergency (which I did, my ac went out this summer ☹️) I was able to borrow from here and not be charged a processing fee if I wait 24 hours. Plus, them money was safe and it was very helpful to complete this project without going to the bank and breaking my pockets to get the ac fixed. Plus the money was available only because I started saving with Qapital! Thank you to the creators of this wonderful app. I currently have not received my card in the mail, but I’m ok with that because it keeps me more disciplined without it and makes me double check my true intentions when it comes to spending unnecessary money.

by Mlultra

Update: At this point I’ve used this app for almost 2 years and have saved for major life goals with the help of this app. I highly recommend Qapital for helping to make sure that you’re actually saving substantial parts of your income and investing over the long term. My investment accounts with this app perform better than any of my IRA or 401k accounts. I wish I could switch my investments and move them into this app.

I’ve been using this app for about a month, and while I heard of Qapital years ago before they had a US banking partner, the service so far has been everything I expected. this app allows me to keep things really simple - I just want to round up all my purchases and save - and this app does just that. They don’t try to add or pitch me on investment products or portfolio management or continued cross-app integrations. I really like that aspect as well and it stands out from other apps in that regard.

The only thing I haven’t done is save a substantial amount in accounts managed or connected to this app. I have some security and stability concerns. Would love to hear if anyone has over 5k or 10k being saved or invested in accounts associated with this app.

by Jesrv

Have you ever been to the grocery store ans they say, would you like to round up for charity X? And you probably say, “Sure.” because it’s 17 cents so who cares. I always thought that was such an easy, inexpensive request that was hard probably hard to refuse and that got me thinking, is there an app for that? Well yes, there are: you can donate to charity or to an investment portfolio but this app is the only one I was able to find where you could save the money for yourself. All about charity and definitely donate to your favorite causes but if you also want to build up a cushion for yourself, this is the way to do it. You can set up goals, save towards multiple things and set rules for how often or how much is transferred with each transaction. Round up to the next dollar or two. You will be shocked how quickly that money builds up without noticing - every month or two I’ll check the account and be shocked! This is money you would have just spent anyway and, at a couple of cents or $1.99 from each transaction going to this account with nothing required from you, you don’t even notice it’s gone. I highly recommended!

by LaunicaShenny

Read some reviews from ppl who aren’t typical savers so I figured I leave one from my natural saving perspective. I love Qapital because it’s exactly what I needed and very simple, user friendly. I love that you can set up your goals with a visual picture (similar to a vision board), really makes you want to save towards your goals more every time you open Qapital . I also love all the options at hand for HOW you want to save and how much. I have complete control over this which was very important to me because I know how important it is to save (no matter how little) when you can, especially when your finances fluctuate as much as mine do because I’m a student-veteran in college. Another thing is the transferring, I have an emergency fund I set up and it works as such, life throws lemons so I have my lemonade stashed in Qapital. The only CON/Downfall is that your money is not gaining interest while it’s sitting there. So if you just need an app to get you into the HABIT of saving again cause you’ve fallen off the consistency train, this is perfect but if you’re looking to save with some interest, stick to your bank and just get some discipline. I personally save my money through this app and then transfer the money to my accounts. Good luck and enjoy everyone!!

by Lily_calla

I’ve grown grateful for this app. I’m the sort of person who feels money burning through my pocket. So when my checking account says I have money, I get excited and I spend it. this app gives me the ability to see what I actually have for spending money and set different goals for future purchases or monthly expenditures like rent. For example, I get a paycheck eve try two weeks. So half of my rent needs to come from each paycheck. I set up a rule that every time I get a paycheck, a percentage of it (half of my rent) gets saved to my “Rent” goal. At the end of the month I put the money from the rent goal into my spending account and my autopay will pull the money on the first. I can do that with future expenses too, like I’m going on vacation. So I figured out how much money I wanted to have accessible by the time I was on vacation, figured out how many paychecks until that date, and set up a rule to save the money from each paycheck to get me to the total spendable money for my vacation.

This helps me not spend the money that has a future use. I can see when I’ve overspent a previous month because my spending account will be lower than I like. So if you’re like me and need to see the actual amount of money that you can use, Qapital is for you!

by KEA8688

I’ve been using this app for years now and I have found it so helpful. Admittedly, I’m not naturally the best with money. For most of my adult life I’ve settled for living paycheck to paycheck with no cushion. However, with this app, I’ve been able to save significant amounts of cash, by creating realistic, achievable goals.

Qapital itself is pretty simple and intuitive, and improving from time to time. The concept itself, while also simple, is very effective. Having goals helps to create a savings target, and putting money towards each goal gives you a sense of momentum. Instead of just saving aimlessly, or saving some huge number for, say, a down payment on a house, smaller goals create that momentum and encourage my savings habits.

Lastly, and this isn’t really so much about Qapital as it is about saving in general — money doesn’t buy happiness, but it does provide you with peace of mind and freedom. Peace of mind knowing the last dollar in your checking account isn’t the last dollar to your name. And freedom to enjoy life without the stress or pressure of feeling like you’re always just “getting by.” I can’t recommend getting into that mindset enough, and I can genuinely say that this app has been so very helpful for me, in that regard.

by Phoenix_To_LA

Just recently started using this app after some online research and reading user reviews. So far I really like Qapital and have saved over $50 in a couple of weeks. I am using Qapital along with Acorns and Digit so I have a few side savings spread across those apps. I started off with "set it and forget" sum and the "rounding up" feature, just to test how much I could save with just my spare change. You'd be surprised at how much you can rack up. I have a specific saving account set in this app for a trip my boyfriend and I are planning. Once we go on that trip I'll set up a new saving account in Qapital . I also like that Qapital gives you notifications on your savings. You can also see a more detailed breakdown within Qapital . I really like Qapital because I can be very hard to save when you have a lot of expenses. This is a nice way to set up a savings that does the work for you. And honestly you don't even notice or miss the change Qapital puts away for you. Definitely worth trying Qapital if you want to save money, even if it's just using the round up feature. Qapital proves that anyone can save some money on the side no matter your income.

by AB Shrestha

Update: they fixed my issues and now everything works like a charm. Competition has been tough in this space recently but this app still comes out as one of the more competent online banking solutions out there.

I cannot get my bank (BancorpSouth) connected despite trying multiple times over the past month. My old Bank Of America is connected, which can’t be disconnected because it’s the funding account, so it just gives a red alert saying connection issue since that BofA account doesn’t exist anymore. Why can’t I just use the this app Spending account as the funding account? I hated my last bank (BofA) and the my current back (BancorpSouth), and I was hoping I could just close them both and use this app as my daily driver but it’s getting quite complicated, and now I am shopping for a new checking account somewhere again. That being said, it’s still a great savings app, and happy to be a this app Master member. Will continue to use it to have a VISA card when needed, while I go find myself another bank that provides MasterCard.

by Llaauuureennn

Qapital has changed my life! I’ve never been able to save money. EVER. I have some credit card bills and some issues with my car that I’ve been meaning to pay off but I never save enough money to do so. I usually just spend whatever extra money I have on food or shopping! With Qapital I’m able to save without even thinking about it! It auto drafts $100 out of my account each month and now I have $400 saved up!!! One week I only had $200 in my account and Qapital wouldn’t take my $100 withdrawal out until I had more than $200 in my account (to prevent over draft fees) HOW COOL IS THAT?! I feel that the creators of Qapital truly care about people who have a difficult time saving money. Which is hard to find now in days. Most every company or app wants to charge you for their services but not these guys!!! I’ve told all my friends about Qapital and I hope they start using it and I hope you do too!! It’s customizable, easy to use, free and just flat out AMAZING! I’m so happy I found it. Thank you, thank you, thank you!!!

by Thegirlalyssa

This is essentially a savings account but a more rewarding one. Daily updates and notifications (that are not annoying, more like exciting). Setting silly goals, for serious money. I was unaware of how much money I could really save until about 3 months in to using Qapital. Though there is a lot of other competition, this app wins every time because they have the ability to support my account that stands with a small local bank, as other apps do not. Every review must have a down side or a flaw.. the only minor problem for me is that transferring money back into my normal account, while it states it'll be there in 2 business days, for me takes 3 to 4 days on average .. may be a small problem or wake up call for a procrastinator user.

I highly recommend this to all my friends and it's very user friendly. Every time you sell this idea to your friends or family and get them to download it, this app will pay you 5 whole dollars per person... that is a Starbucks frapp babbyyy.

Ive treated myself to 3 free Starbucks drinks so far... my future is looking bright.

by Broke College Vet

Read some reviews from ppl who aren’t typical savers so I figured I leave one from my natural saving perspective. I love Qapital because it’s exactly what I needed and very simple, user friendly. I love that you can set up your goals with a visual picture (similar to a vision board), really makes you want to save towards your goals more every time you open Qapital . I also love all the options at hand for HOW you want to save and how much. I have complete control over this which was very important to me because I know how important it is to save (no matter how little) when you can, especially when your finances fluctuate as much as mine do because I’m a student-veteran in college. Another thing is the transferring, I have an emergency fund I set up and it works as such, life throws lemons so I have my lemonade stashed in Qapital. The only CON/Downfall is that your money is not gaining interest while it’s sitting there. So if you just need an app to get you into the HABIT of saving again cause you’ve fallen off the consistency train, this is perfect but if you’re looking to save with some interest, stick to your bank and just get some discipline. I personally save my money through this app and then transfer the money to my accounts. Good luck and enjoy everyone!!

by Rjfskelt04

I had been thinking about a way to be able to save money exactly this way I had really wished my bank did something like this but unfortunately they do not. So I came across this app and it sounded great. I was very skeptical bc this is my money we are talking about! I did a lot of research for a good year before I felt comfortable enough to finally download Qapital and give it a chance. I am really glad I did bc it’s been almost 6 weeks and I’ve already saved 363$! I started this savings for extra spending money for my upcoming anniversary trip to Las Vegas, at this rate by the time we go in a few weeks I should have at least 500$ extra to take with me! I am not good at saving at all so this has been awesome for me. I couldn’t of been able to save like this on my own so I’m very happy with Qapital so far! Only thing I would change but isn’t really a big deal is that they would take the money out at the time of transactions and not in batches a few times a week which like I said isn’t a big thing but I would change that if I could other than that I give it 5 stars so far! Hopefully that doesn’t change in the future but so far so good! 👍
Update: So I’ve been using this app for about 6 months now and I’m loving Qapital it has been a lifesaver for me!

by Gelatojustice876529

I *LOVE* Qapital. Easy to use, no fees (except ATM (use cash back, parentheses-ception!) and international), friendly UI, and the best is that any spending from the this app Spendings account (the Visa card this app issues you if you signed up for a checking, aka spending, account with them) is reflected INSTANTLY in the this app app, allowing me to track my spending as they’re happening. This prevents me from overdraft fees as well as better helps me budget. An exception I’ve noticed is when I’m electronically transferring funds from this app Spending to credit card company’s to pay my credit card dues. Still, that’s way better than my old account, which posted transactions 2-3 business days after they’ve occurred. Even if you don’t sign up for the this app Spending, it’s a great app to help you save without realizing it. Just gotta link your main bank account, and pick some rules that’ll go into effect, like “Round Up” which will round up any purchases and save the change, or “Set & Forget” which saves a certain amount in a set time interval. Give it a try!!