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BankTree review

We've put BankTree through our intensive lab tests to see it how it compares with other personal finance software packages.

In this article
What is BankTree?  How BankTree works BankTree review: at a glance How do I get started? How easy is BankTree to use?
What help and support is on offer? What's BankTree's mobile app like? How secure is it? Which? verdict on BankTree BankTree: FAQs

What is BankTree? 

BankTree is a personal finance software package that aims to help you make your money stretch further, whatever your financial situation.

We've made it easy to compare BankTree to other personal finance software by putting it through intensive product tests, analysing and providing star ratings for each of the features we know are important to help you make a decision.

Our review includes the full results of our lab tests with ratings on data input, the dashboard, transactions, goal-tracking, report-generation, mobile app, security and an overall verdict from our personal finance software experts.

Members can log in to see the results of our analysis. If you’re not already a member, you can sign up to a two-month trial for Which? Money for just £1 to access this review and enjoy the benefits of a Which? membership.

BankTree product review Specifications
Version tested

3.18.5

 Price

£35 

Free trial?

34 days

Compatibility

Windows, Mac, Android, iOS

Investment tracking

Yes

How BankTree works

BankTree allows you to record income and expenditure, import statements, balance accounts, budget and much more.

We'd once labelled it as 'software to avoid', but it has made improvements over the past couple of years.

We like the addition of its Banking Subscription Service, which allows you to view and categorise live transactions from your bank, although this add-on does cost an extra £3.50 per month.

BankTree review: at a glance

Find out how BankTree got on in our lab review on performance (including data input, set up, dashboard, reports, transactions and tracking), support and its mobile app.

BankTree review Score

 

Performance
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Support
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Mobile app
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Test score
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How do I get started?

We reveal how easily and quickly you can expect to get started using BankTree.

We asked our lab testers to manually input two sets of fictitious financial data, as well as import CSV and QIF files from various sources in order to calculate star ratings for both ease and speed of data input.

BankTree: data input Score
Ease of manual data input Logged out stars
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Importing data Logged out stars
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How easy is BankTree to use?

Our lab testers tried out dozens of BankTree's features and issued star ratings for a range of performance indicators including dashboard navigation, transaction-grouping, report-generating, goal-setting and reminder-scheduling functions.      

You can select the score table you want to see using the drop-down menu.

BankTree: dashboard Score
Dashboard navigation Logged out stars
Dashboard look and user-friendliness Logged out stars
Overall score Logged out stars

What help and support is on offer?

When using personal finance software it's likely that you'll need some support to help you get the most out of the package.

We tested every element of BankTree's customer support and gave it an overall star rating based on the range and quality of the services on offer.

BankTree: support  Score
Step-by-step guide Logged out stars
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What's BankTree's mobile app like?

The BankTree mobile app is available for IOS and Android devices and acts as a companion app to the desktop software.

Here's how the BankTree mobile app was rated in our lab tests.

BankTree: mobile app Score
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Ease of adding receipts Logged out stars
Utility of app Logged out stars
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How secure is it?

When entering your financial information you want to be sure it's safe.

Here's how BankTree scored for security in our lab review across its desktop programme and mobile app.

BankTree: security  Score
Security with all options enabled (desktop) Logged out stars
Security with fewest options enabled (desktop) Logged out stars
Quality of encryption methods (desktop) Logged out stars
Navigating security and privacy options (desktop) Logged out stars
Security with all options enabled (mobile) Logged out stars
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Which? verdict on BankTree

We give our verdict on how suitable BankTree is for both inexperienced and advanced users of personal finance software.

BankTree: verdict Results
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Pros Logged out detail
Cons Logged out detail

BankTree is a powerful tool when you get into it. However, it could do with being simplified and the support available isn’t as good as what you get with the likes of Moneydance or You Need A Budget.

The smartphone app is very useful but you have to pay to unlock it, which isn’t the case with rival personal finance software programmes.

BankTree takes some getting used to, but its unique features make it an interesting accounts package that's at least worth trying out. 

Find out more: Best personal finance software - see how BankTree compares

BankTree: FAQs

Is BankTree compatible with Microsoft Money and Quicken?

BankTree is compatible with Microsoft Money or Quicken.

Can you import information automatically by linking to your bank account?

BankTree allows you to sync data from a bank account, but you will need to pay for a subscription to use this service.

Does BankTree work on Apple Watch?

BankTree is compatible with the Apple Watch.

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