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Truebill Review – Is Truebill App Safe and Legit?

Truebill has identified a ton of money in potential savings for their users to date! In this Truebill review, you'll learn if it's too good to be true.

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Truebill has identified a ton of money in potential savings for their users to date! It’s as easy as signing up and getting free money for nothing. In this Truebill review, you’ll learn if it’s too good to be true.

Managing finances can be hard. Truebill makes it easy to optimize your spending, manage subscriptions, lower your bills, and stay on top of your financial life.

To date, Truebill has actually helped countless people save over $14 million dollars by helping them identify and cancel unwanted subscriptions, lower their bills, and get them refunds on fees and outages. It is now available in the App Store and Google Play.

In this Truebill review article, I wanted to determine if the Truebill app safe and should we use it?

What is Truebill?

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Truebill Review

Truebill aims to offer financial control at your fingertips. In minutes you’ll see they have a near 5-star rating.  Truebill magically gives you a complete picture of your finances.  From there, they can cancel unwanted subscriptions, lower your bills, and help you reach your savings goals!


Competitors and Alternatives?

Actually, this is not the only mobile application whose goal is to provide people with an effortless way to get money back. There are other alternatives, including Paribus, who offers the same service to their mobile customers.

Truebill vs Trim

The winner is Paribus — a free tool that gets you money back for your online purchases instantly just for signing up for free.

paribus review

Paribus keeps your information safe just like Truebill, but Truebill is only 3 months old so they have a lot of catching up to do. You also don’t have to do anything other than originally sign up for Paribus.

It’s as simple as that.

Our Winner: Paribus
This free app will scan your emails for any purchase receipts from dozens of online retailers. You don’t even have to know about the price drop in order to get your refund. It’s 100% free and will save you a lot of money. I actually pocketed around $83.23 in the first few weeks of signing upRemember, it’s 100% free!paribus

Paribus compensates us when you sign up for Paribus using the links we provided.

How Truebill Works?

Since this is a Truebill review, we’ll get dive back into it. When you sign up for a Truebill account, you want to first connect your bank accounts and credit cards so that our software can analyze your transactions.  Once you do that, they automatically find all your subscriptions and recurring bills, which appear in the “Recurring” tab of the app.

 From there, you can click on any Subscription to see details and cancel unneeded ones.  You can cancel yourself, or, if you choose to join Truebill Premium, their concierges will do it for you!

You can also use Truebill to lower your bills.  To do this, you want to click on the “TrueProtect” card on your dashboard, then add the various bills that you’d like to lower.  Premium users can also turn on Fee Refunds, to have our concierges automatically request refunds when you get bank fees.

Truebill is constantly adding new features and their aim is to be your central hub to running all your finances.

Let’s face it, financial automation can really make your life easier, but there are some downsides. For examples, you can keep getting billed automatically even when you no longer use a service that you subscribed to. Truebill can help combat this. By using personalized data they can help you manage your finances better. The Truebill app uses various ways to save money. Let’s dive deep into them…

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Truebill Features

#1. Lowering Bills

By using Lower My Bills, Truebill negotiates with a lot of service providers to cut your bill down. To do this, you will have to upload a recent bill from any service provider or connect to your account. Provide info regarding the service and allow the app to negotiate a reduced rate by getting a promotional plan, cutting back on any bogus fees, and just reducing the rate. Truebill takes a 40% commission of the yearly savings to do this.

#2. Monitoring Your Subscriptions

When you enter your account info into the Truebill app, it conducts a review and then flags all your recurring bills and bill changes. It then tries to ascertain if the bill can be lowered. It will also help you know when you will get billed by mapping your bills using a calendar. This can help you to alter your behavior, stop subscriptions, etc. with the premium version; you can cancel services in-app. The app can also request for refunds.

#3. Outage Monitoring

Truebill can monitor the internet & cable providers around your area and request that your account is credited if an outage exists.

#4. Electric Economy

Although accessible for only some areas, the app can run a search to help you save on electric bill by locating the lowest price for every kilowatt.

My Favorite Feature

Truebill can negotiate your bills lower for you on your behalf saving you money and time.  They support most major cell phone, cable, and security bills and are successful up to 85% of the time!  Here’s how it works:

Step 1: Submit a bill
Open your Truebill app and on the dashboard, tap on the “TrueProtect” option

Step 2: Choose a bill listed there or tap on “Add a bill”

Step 3: Connect your bill by either entering your credentials or uploading a photo of it.  Note: if you don’t have a paper bill you can load your bill up on your computer and take a photo of your computer screen

Step 4: Enter your details and negotiation preferences on the next screen

Step 5: Confirm Payment Method – they charge 40% of the first year’s savings.  You can pay with any major credit or debit card.  If they don’t save you anything, you aren’t charged!


Truebill Cost

Although free to download, the premium version of Truebill requires an upgrade fee of $35.99 or you pay $4.99 monthly. They claim that by using the app to lower bills, on average it will result in a 40% charge of your savings yearly.

Pros & Cons of Truebill


  • A plethora of features for a new financial app such as lowering bills, monitoring your subscriptions, outage monitoring, and even saving you money on your electricity (in some areas).
  • Free to download
  • Compared to most of the apps in this category, Truebill is a good contender


  • They take 40% of the total refunded amount for the first years savings. This figure is high. However, if they don’t save you anything, you aren’t charged.

Truebill Security

Your information is safe with Truebill. There are credit card adverts, as well as, insurance adverts and your info will only be given to these firms if you decide to deal with them. Apart from that, the Truebill application is very safe to use with no privacy issues.

Is Truebill Safe?

Truebill uses bank-level security with 256-bit SSL encryption and read-only access. Rest assured, they take security very seriously.


Who is Behind Truebill?

Truebill is backed by COTA Capital, Social Capital, Sherpa Capital, Day One Ventures, Y Combinator, and Cross. The founders are:

Haroon Mokhtarzada

Co-Founder & CEO

Haroon is a Harvard Law grad turned serial entrepreneur and angel investor. He was the CEO and Chief Product Officer of, a popular website creation platform that grew to 50 million users before being acquired by Vistaprint where Haroon led digital product strategy. Haroon has a passion for technology startups, innovation, global change, and elegant problem solving.

Yahya Mokhtarzada

Co-Founder & CRO

Prior to Truebill Yahya served as VP of Business Development at Nanigans where he helped grow the company from less than $1mm to a $20mm+ runrate. Yahya mentors at the startup incubator 500 Startups, helping early stage startups determine sales strategy, find product/market fit, and scale their businesses.

Idris Mokhtarzada

Co-Founder & CTO

Idris spent over a decade co-founding and growing, leading to its eventual acquisition by Vistaprint in 2011. He holds several patents around graphical user interfaces. In his spare time, Idris is an active angel investor and is passionate about using technology for social good.


Is Truebill Legit?

A lot of money is spent on subscriptions annually, and apps like Truebill can help to provide insights that will help you manage your spending more efficiently so that you can get the best deals every time.

Truebill has a larger scope than other service cancellation apps and upgrading to the premium version for a month to try the app out might be what you need to decide if to upgrade or go back to the free mode.

This Truebill review article helps to make it clear that Truebill can actually help you to make some savings on the number of dollars that you spend every year. Give it a try today as it is totally legitimate.

Truebill review

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Bottom Line:

Truebill is your automated financial assistant, designed to put you back in control of your money. Truebill lets you easily track bills, cancel unwanted subscriptions, and proactively requests refunds on your behalf, putting real money back in your pocket! With Truebill, you can save money, find the best credit card, lower your bills, and stay in control of your finances. It’s like your own personal finance watchdog.
Brian Meiggs
Brian Meiggs
Brian is the founder of My Millennial Guide and is an entrepreneur who has spent the last few years creating websites and building brands. He has been quoted in several online publications, including Yahoo! Finance, NASDAQ, MSN Money, AOL, Discover Bank, GOBankingRates, Student Loan Hero, Fit Small Business, Cheapism, SmartAsset, Bankrate, RISE Credit, AllBusiness, Cheddar, Commonbond, Niche, Rewire, Credit Donkey,, and more. He believes that the true path towards financial independence is through increasing your earning potential (even if you have a 9-5 job).

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