Pocketbook: Free money management app review

The Pocktbook app helps you track your spending and categorise your transactions.

Last updated:

Track your money with real-time and reduce your bills with the Finder App

The Pocketbook app can help you keep on top of your money and tick to your budget, with all your transactions in the one place. The app shows you a clearer picture of your financial position by including not only you day-to-day transactions but also your loans, bills and credit card payments, too.

What is Pocketbook?

Pocketbook is a free app that links with your bank accounts, credit cards and loans and then keeps track of your spending. It automatically sorts transactions into categories such as groceries, bills, loan payments, travel and more. This is really helpful, as being able to clearly see which category most of your spending falls into will help you cut back and save where you can.

How to get Pocketbook

The Pocketbook app is free to download and use. It's available for iPhones and Android phones and can also be logged onto via the net, helping you get easy access to your account wherever you are, so you can identify areas of your spending which you need to address and reduce.

Features of Pocketbook

Here's the main features and benefits of using Pocketbook app to help track your finances.

Track your spending.

If you find it hard to track your spending in real-time, Pocketbook has you covered. You'll be able to set a "safe spending" limit, which will actively count down as you spend throughout the day or week. If you don't know what your safe spending limit is, Pocketbook can also calculate it for you.

It's a confronting (but effective!) way of getting you to limit your spending as it happens now rather than afterwards, as is the case with many other budgeting apps. If you have an account but would rather it not be tracked by Pocketbook, you can simply choose not to sync it. This gives you the benefit of still being able to quickly see your balance in relation to your other accounts.

Track your spending by location.

You can also manually plot your transactions geographically so you know where they're occurring and the app presents you with a weekly update of your spending, income and bills so you know exactly where you stand.

Bill reminders.

Another major benefit of this app is that it notifies you of incoming bills and whether or not you have enough money to cover them.

Budget support.

Pocketbook is great at helping you budget each week. If you log onto your smartphone or web application you can see exactly how much you’ve spent in the past weeks, as well as how much you have left to spend for this week. If you want to see exactly what you’re spending your money on you can click on the week in question and get a full breakdown of your transactions.

Analyse tool gives deeper insights into your spending.

If you’re a visual person you can unlock the Analyse tool by simply letting a friend know about Pocketbook via email or donating $9. This tool gives you an easy way to see where you’re putting your money towards, and it groups your transactions into categories. For example, the app will identify how much you're spending on entertainment, groceries, bills etc.

Real-time notifications

You can get real-time notifications sent to your phone when you've had a fee charged to one of your bank accounts. This is a good way to keep on top of the fees and charges you're paying, and to identify any errors.

Which banks does Pocketbook support?

Pocketbook currently supports the following banks:

  • ANZ
  • Bank of Melbourne
  • Bankwest
  • BankSA
  • Bendigo Bank
  • CBA
  • Citibank
  • Commonwealth Bank
  • CUA
  • ING
  • HSBC
  • ME Bank
  • NAB
  • Westpac
  • St. George
  • Suncorp
  • UBank
  • How secure is Pocketbook?

    Pocketbook has a number of technological countermeasures it employs to protect your details, the first of which is the same 2048-bit Secure Sockets Layer (SSL) encryption used by the banks. This basically sets up a secure channel between two machines over the net. It also uses CloudFlare, which protects the app from viruses and other malicious cyber dangers.

    Pocketbook's servers are located in Sydney and are protected by a range of security countermeasures, the most notable being biometric security access (think fingerprint access and eyeball scanning). The app also uses information from the ACCC and ASIC to help identify fraud before it strikes.

    Probably the most important fact to mention is that Pocketbook is a read-only service. It doesn't allow you to move money between accounts; you can only view the information provided by these accounts. It can only obtain access to your transaction history and balances, limiting the risk to you.

    As mentioned above, your details are encrypted so no one can see them and if you'd like your details purged you can email Pocketbook to do so.

    Related Posts

    Ask an Expert

    You are about to post a question on finder.com.au:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com.au is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

    30 Responses

    1. Default Gravatar
      LSJanuary 29, 2018

      How do I add manual cash transactions eg paying cash for hairdresser where I am not using a card to pay ?

      • Avatarfinder Customer Care
        RenchFebruary 8, 2018Staff

        Hi LS,

        Thanks for your inquiry.

        I’m afraid Pocketbook doesn’t have a ‘Cash’ option that you can select in the app. At the moment, you can only use your bank account or credit card for payments.

        Best regards,
        Rench

    2. Default Gravatar
      RobSeptember 10, 2016

      Hi there,

      Looking back through the messages it appears that there was no obvious signs of the banks ‘accepting’ the risk of disclosing your banking details to pocketbook (conversation in 2014). Have any banks officially accepted the use of this since?

      • Avatarfinder Customer Care
        ShirleySeptember 19, 2016Staff

        Hi Rob,

        Thanks for your question.

        Pocketbook doesn’t have an agreement with the banks.

        The method (user and password) Pocketbook use is known to the banks and the banks also have products which use this same method (e.g. ANZ Money Manager). It is a common practice used in the accounting and personal finance software industry.

    3. Default Gravatar
      DavidApril 29, 2016

      Does this app cater for people with a Bank of Queensland accounts?

      • Avatarfinder Customer Care
        ShirleyMay 2, 2016Staff

        Hi David,

        Thanks for your question.

        According to the Pocketbook website this app does cater for people with a Bank of Queensland accounts.

        If you find that it is unavailable, there is a manual uploading option.

        Hope this helps.

    4. Default Gravatar
      AmhMarch 25, 2016

      Can two people with joint accounts use the app?

      • Default Gravatar
        HarryMarch 29, 2016

        Hi Amh,

        Thanks for your question.

        Yes, two people with joint accounts can use the Pocketbook app. Pocketbook is designed for people with multiple bank accounts or joint accounts and gives you the flexibility to link them all to the one app so you view your money from one place.

        I hope this helps,
        Harry

    5. Default Gravatar
      abAugust 8, 2015

      How, can I do the following, I have read your website and this function does not exist.

      You can set a budget for a certain category, such as groceries, and Pocketbook will tell you how much you’ve spent so far, and how much you have left in that certain category.

      Pocketbook can also warn you when you’ve almost reached your budget.

      • Avatarfinder Customer Care
        ElizabethAugust 10, 2015Staff

        Hi ab,

        Thanks for your question.

        You’re currently unable to budget by category, the ‘Safely Spend’ limit is uncategorised. Pocketbook, however, claims on their website to be introducing this feature in mid-2015 so you may be able to do this very soon.

        Thanks,

        Elizabeth

    6. Default Gravatar
      ChrisMay 26, 2015

      Not sure when the article was published, but pocketbook doesn’t seem to support AMEX anymore? not sure of the reason, theres a few online threads noting it. Despite the software being great, this is a massive pain personally as the bulk of day to day expenses come off my AMEX – makes the system pretty useless for me…..

      • Avatarfinder Customer Care
        ElizabethJune 3, 2015Staff

        Hi Chris,

        Thanks for your comment, we’ve updated the page to reflect this change. According to Pocketbook’s statements on social media, they needed to remove American Express due to some problems they were experiencing. They are reportedly working on getting it back up.

        Thanks,

        Elizabeth

    7. Default Gravatar
      FergieFebruary 23, 2015

      Hi, I have been using Pocketbook, but I really need to be able to set up, like envelope type budgets. So I know how much of my income is allocated where & then how much is left in any given category after the bills have come out. Does Pocketbook do this?
      Cheers,
      Fergs.

      • Avatarfinder Customer Care
        ShirleyFebruary 24, 2015Staff

        Hi Fergie,

        Thanks for your question.

        You can set a budget for a certain category, such as groceries, and Pocketbook will tell you how much you’ve spent so far, and how much you have left in that certain category.

        Pocketbook can also warn you when you’ve almost reached your budget.

        Cheers,
        Shirley

      • Default Gravatar
        FergieFebruary 24, 2015

        Hi, how do I do that exactly. Is in the upgraded version, because I can’t find the section to add budgets at all.
        I’m happy to pay for the upgrade but not if I can’t track my categories against a set budget.
        Thanks again
        Fergs

      • Avatarfinder Customer Care
        ShirleyFebruary 24, 2015Staff

        Hi Fergie,

        You may want to have a look at this page from the official Pocketbook website, ‘how do i categorise transactions?’

        The Pocketbook website also provides a support centre for new users who are learning to use the app.

        Hope it helps,
        Shirley

    8. Default Gravatar
      DezJanuary 17, 2015

      Hi..we have a joint account. Can we both use Pocketbook to access it and can it be synced between both phones? Samsung Galaxy s5

      Thanks

      • Avatarfinder Customer Care
        ShirleyJanuary 19, 2015Staff

        Hi Dez,

        Thanks for your question.

        At the moment Pocketbook is looking into joint accounts, unfortunately there is no ETA yet.

        Cheers,
        Shirley

    9. Default Gravatar
      DavidJuly 8, 2014

      Hello,
      I m presently using QuickBooks Personal, where, each week I enter my Salary, from which I then deduct pre-determined amounts of money to transfer to other “accounts”. , like electricity, club membership, housekeeping, etc ,etc. Anything left over is simply “transferred to an “excess funds” account.
      Can Pocketbook be used in this manner, or is it more of a tool that helps you keep an eye on your spending, and alert you when you re getting close to your limit, or you ve overspent.?
      Thanks, David

      • Avatarfinder Customer Care
        ShirleyJuly 9, 2014Staff

        Hi David,

        Thanks for your question.

        Pocketbook is a bit different; as it automatically organises your spending into categories like clothes, groceries and fuel so you can see where money is being spent.

        It will also tell you when you’re about to exceed your budget.

        You can’t transfer funds from your accounts through Pocketbook but you can setup budgets, see your balances and view your transactions.

        Cheers,
        Shirley

    10. Default Gravatar
      KimJune 28, 2014

      Hi, I’m very interested in pocketbook but have noticed that my bank is not listed ? Does this mean the ap would not work as effectively? I don’t think I would enjoy manually updating the figures either? I also use a Mac computer & an ipad, can I have the ap working across both?
      Kind regards Kim

      • Avatarfinder Customer Care
        ShirleyJune 30, 2014Staff

        Hi Kim,

        Thanks for your question.

        Unfortunately if your bank isn’t listed you’ll need to add them manually. However, Pocketbook is working to include all institutions.

        The app is available for iPad, but not for Macbook.

        Cheers,
        Shirley

    Ask a question
    Go to site