Is bright money a good app?

Bright Money (officially called “Bright”) is an app that can help you achieve your financial goals even if you’re living paycheck-to-paycheck. Our Bright Money review will go over how the service works, its fees, features, and more to help you determine if the app is right for you.

How does bright money work?

Bright Money’s AI algorithms help determine when you have extra money to spare to put toward your financial goals. From there, it will put the extra money into your Bright Stash account, then allocate the money toward your financial goals. You can choose from three different debt payoff strategies when you are customizing your Bright Plan.

Is bright money safe?

Yes. Bright Money uses 256-bit encryption bank-level security and partners with Plaid to keep your information secure. It doesn’t share data with third parties. Additionally, Bright accounts are FDIC insured up to $250,000. This means you can rest easy knowing your money is safe Does Bright Money work with all banks? No.