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Buxfer review

We put Buxfer through our intensive lab tests and rated how easy it is to get started, generate reports, access support and use its mobile app. Find out how it stacks up.

In this article
What is Buxfer? How does Buxfer work? Buxfer review: at a glance How do I get started? How easy is Buxfer to use? What help and support is on offer?
What's Buxfer's mobile app like? How secure is it? Open Banking and Buxfer Which? verdict on Buxfer Buxfer: FAQs Get top money-saving tips from Which?

What is Buxfer?

Buxfer is a personal finance package that can help you analyse your spending and plan for the future.

It helps you see all your accounts in one place and understand where your money goes, reduce spending, track investments and save.

We put Buxfer through rigorous testing under lab conditions, analysing the features we know are important to you and providing star ratings to help you compare packages.

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.

Buxfer product review Specifications
Version tested

18/05/2018

 

More info

Buxfer was not retested in 2019's review as the software has not been updated since our last test in 2018.

 Price

Basic - free

 

More info

Pilot ($1.99/ £1.61 a month), Plus ($3.99/ £3.22 a month), Pro ($4.99/ £4.03 a month), Prime ($9.99/ £8.07 a month)

Sterling equivalent correct 26 July 2019.

Free trial?

Start with a free plan and then move up

Compatibility

Windows, Mac, Android, iOS

Investment tracking

Yes

How does Buxfer work?

Buxfer allows you to sync your financial data directly with your bank account. UK institutions are supported - but you may be taking a risk by doing this, as you will have to share your login details (jump to our explanation).

Buxfer offers insightful reports that can help you make sense of your spending and reduce costs, with the ability to set budgets, alerts and reminders.

Powerful features on more premium packages include the ability to track your investments in real-time, make predictions based on your past behaviour and set up multiple accounts to monitor spending with friends, family or flatmates.

Watch our video to see how Buxfer works and get a feel for how the software can help you manage your money.

Buxfer review: at a glance

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

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

Buxfer 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?

Our review reveals how quickly and easily you can set up and start using Buxfer.  

We asked our lab testers to manually input two sets of fictitious financial data, and imported CSV and QIF files from various sources, in order to rate the software for both ease and speed of data input.

Buxfer: data input Score
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How easy is Buxfer to use?

Our lab testers tried out dozens of Buxfer'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.

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

What help and support is on offer?

When using personal finance software, you may need some help to get the most out of the package.

We tested every element of Buxfer’s customer support from its phone and email support to its FAQs and forums, in order to rate it based on the range and quality of services on offer. 

Buxfer: support  Score
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What's Buxfer's mobile app like?

The Buxfer mobile app is available for IOS and Android devices and acts as a companion app to the desktop application. Find out how it was rated in our lab tests.

Buxfer: mobile app Score
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How secure is it?

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

Find out how Buxfer scored for security in our lab review across its desktop programme and mobile app.

Buxfer: security  Score
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Open Banking and Buxfer

Buxfer can link your bank account to import data, but you may be taking a risk if you agree to do this.

You will have to hand over your login details and give the programme permission to collect your transaction data – essentially posing as you to access your accounts. If money goes missing or your details are used improperly, you may not have recourse to your bank’s fraud protection.

Buxfer is not set up for the Open Banking scheme, which allows you to share current account data via a secure application programming interface (API) without handing over your login details. Firms using Open Banking are regulated, and security protocols protect your data.

As an alternative, Buxfer allows you to manually input information, like uploading statements or adding transactions, as you go which may be a safer option than giving the programme access to your accounts.  

Find out more: Open banking: sharing your financial data explained 

Which? verdict on Buxfer

We reveal how useful HomeBank is for beginners who struggle with computers or finances, as well as how suitable it is for advanced users with more experience.

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

Buxfer: verdict Results
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Find out more: Best personal finance software - see how Buxfer compares

Buxfer: FAQs

 

Is Buxfer compatible with Microsoft Money and Quicken?

 

Buxfer is compatible with Microsoft Money and Quicken.

 

Can you import information by linking to your bank account?

 

Buxfer will allow you to automatically sync data from a UK bank account, though you will need to provide your login details to allow the programme to scrape the data.

Sharing your login details is risky as if any money goes missing or your details are used improperly, you may not have recourse to your bank’s fraud protection.

Buxfer stores login information by a data aggregation partner called Yodlee, which it says adheres to leading financial industry practices for security, privacy, risk, and compliance management.

 

Does Buxfer work on Apple Watch?

 

Buxfer is not available on the Apple Watch.

 

Is it possible to have multiple accounts?

 

Buxfer allows you to create multiple accounts. 

The number you can make is limited depending on your subscription level. You can set up five with Basic and Pilot or get an unlimited amount in Plus and Pro.

You will only be able to manage one account at a time.

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