BillGuard

Most of us know that we should be following our finances more closely, but the tools out there to balance your books always feel like they require accounting knowledge to get started. BillGuard is one app that couldn't be easier to use for keeping up with your financial life, and today's update brings a brand new interface to an already popular app. The new app builds on what was available in beta on Android up until now, but also adds yet-to-be-seen features to give you even more control over your money.

Roughly five percent of American adults have tried an all-inclusive finance app on their device, and BillGuard wants that number to be higher. The latest BillGuard release looks like it can help that cause, with a simple new interface that lays out spending by category, helps you set budgets and most importantly go through your financial history to track down potentially fraudulent charges.

BillGuard

BillGuard is taking design cues from the best mobile apps — finance or otherwise — available on Android today, with an intuitive interface. Your cash flows for the month are laid out by category, giving you a quick glance at how much you've spent for the month and how it compares across areas. A swipe to the left shows you activity on a specific credit card or bank account, and tapping through previous months to compare is simple on any screen.

Taking visual cues from email apps, you can view an "inbox" of all charges or charges in a specific group to make sure that everything's on the up-and-up. You can see pending and completed charges, and tap in to each one to see the specifics of that transaction. Swiping charges in the list view marks them as "read" and swiping them to the right offers options to review the charge later, get more information or even report a fraudulent charge. If you do choose to report a charge, you can send that report directly through the app to your bank or credit card company.

Even further, BillGuard will give you proactive data breach alerts when you use the service — if you have made a transaction at a store that has been compromised in any way, BillGuard will go straight to you to let you know. No more waiting for those incorrect charges to start showing up on your credit card bill, and less reason to be worried about where your credit card has been swiped.

The brand new version of BillGuard is available on Android today from the Play Store link at the top of this post. If you're one of the many who keep putting off taking hold of your financial world, now may be the time and BillGuard may be the app to get started with.

 
There are 21 comments

nit_s says:

Is this only for US ?

yearoftherat says:

According to the iPhone version on iTunes its just for the US.

BB_Bmore says:

Thanks for this! Downloaded!

Posted via Android Central App

xerran says:

Another intelligence gathering ploy? No thanks.

mark0309 says:

That's funny ! Never thought about that until now !

YaronSamid says:

Categorically no. See my comments on data privacy below.

xerran says:

This is nothing more than an intelligence gathering operation, get real. Collating peoples financial data into a single database and learn their spending habits. Why would I need another company to do something that I can do myself?

I know what this is and who your masters are.

YaronSamid says:

Xerran - you're right, this is an intelligence gathering operation. We are gathering intelligence on which merchants defraud and deceive consumers so we can hold them accountable and protect consumers. Did you read my two comments below? Hate to duplicate.

You don't need a company to do something that you can do yourself. If you'd like a little help tracking your spending, finding wrongful charges and resolving them quickly with merchants in an app that kicks your bank app's butt, give us a try. We'd be honored and I'd personally love to hear your feedback - yaron[at]billguard[dot]com. If not, best of luck and thanks for the discussion.

xerran says:

How does BillGuard make a living exactly? Please explain.

YaronSamid says:

Copy/pasting from below (sorry everyone):

As a by-product of helping our users monitor and resolve their transactions, we are also tracking the reliability and responsibility of millions of merchants. In the near future we will launch a certification program for merchants that will enable them to quantifiably prove to potential customers that they are trustworthy and that resolving any billing issues with them is painless and guaranteed via the BillGuard Resolve system. Merchants pay an annual subscription fee for the program.

Hope that clears things up. Let me know.

LGiusti84 says:

Not available in my country

tech_head says:

So here is my issue.
The app is free, so how does the company make it's money?
Like most other companies that offer a free service, you become the product they sell to others.

What of my information are they going to be selling??
They claim privacy is a big concern, so do they collect data on purchases and balances and sell that information?
Yea, they could remove any identifiers and sell the statistics on income and spending.

rkopsie says:

Everything.

Posted via Android Central App

YaronSamid says:

Hi tech_head. Thanks for bringing up an important question. BillGuard does not sell your information to any third party, for any reason, period. The app is 100% free and your data is 100% yours. You can read more in our privacy policy at billguard[dot]com/privacy. So how will we make money? As a by-product of helping our users monitor and resolve their transactions, we are also tracking the reliability and responsibility of millions of merchants. In the near future we will launch a certification program for merchants that will enable them to quantifiably prove to potential customers that they are trustworthy and that resolving any billing issues with them is painless and guaranteed via the BillGuard Resolve system.

Hope that clears things up. Let me know.

Yaron
founder/ceo
BillGuard

tech_head says:

If a company gives away software and services and you can't figure out how that company makes its money but it wants your data; they are selling your data to someone else as a product.

You or your data is the product they are selling.......
Facebook is an example.

I'd get it as a paid service where they don't sell my analytics.

YaronSamid says:

See my comment, directly above.

dswatson83 says:

Maybe it's just me but I'm a little cautious about entering my banking credentials into this app. It looks great but I don't think I can use something like this. Please tell me why I am wrong.

Posted via Android Central App

YaronSamid says:

You're absolutely right to be cautious to grant access to your credit/debit card accounts to a company other than your bank. You need to make sure you understand who that company is and what they, or someone who hacks them, could do if they had malicious intent. In the case of BillGuard, we are data science and security experts endorsed by and financially backed by the founder of PayPal, the chairman of Google, the founder of Verisign, the former CEO of McAfee and other prominent investors. We are in the business of protecting consumers and we take it very seriously. You can read all about our exceptional security standards on our site but the most important thing you need to know is that we only have 'read-only' access to your card accounts online. We do not store your bank login credentials and cannot move any money in your accounts. If we were to be hacked, the worst a hacker could do is look at the transactions on your registered cards. The way we access your transaction data is via a banking industry standard called Yodlee. This government regulated company has been around for over a decade and works with almost all of the major banks in the US. They do store your bank login credentials and that of tens of millions of other bank customers. If we support your card in BillGuard that means Yodlee is endorsed by your bank. In trusting BillGuard, you are also trusting them. More on Yodlee at yodlee[dot]com.

Thank you for your important question.

Yaron
founder/ceo
BillGuard

kvsrkrishnan says:

For gods sake make it available in India and Rupee as currency.

jojoguy10 says:

How does this app compare with Mint? I'm currently using Mint right now, but this looks like it might be a good switch.

YaronSamid says:

Mint is an excellent full-featured money budgeting app. BillGuard is a lean spend tracking app that helps you quickly see where your money is going and spot/resolve errors and fraud.