How to Cancel Monarch Money (Web, iOS, and What to Do Next)

Why People Cancel Monarch Money

Most Monarch Money cancellations fall into one of three buckets: the app felt like a budgeting tool when the person needed an investment tracking tool, the $99.99/year price stopped feeling worth it relative to what they were getting, or they found a dedicated tool that handled their actual financial complexity better.

The Mint-to-Monarch migration brought a lot of users who wanted a familiar experience. Some of them discovered that Monarch, like Mint, is built around transaction categorization and monthly budget tracking — and that’s not what they actually needed. If you have a brokerage account with 30 positions, RSUs vesting quarterly, and a real estate investment, seeing your restaurant spending categorized correctly is not the problem you’re trying to solve.

How to Cancel (Step by Step)

Follow the steps above based on how you signed up. The most common confusion: if you signed up on monarchmoney.com with a credit card, you must cancel on the web. The iOS settings will not show a subscription to cancel because Apple didn’t bill you. Go to Settings > Subscription inside the Monarch web app.

If you signed up through the App Store on iOS, cancel through Apple’s subscription management — not through the Monarch app settings. The cancellation happens at the billing layer, not the app layer.

Before you do anything else, export your data. Monarch’s export is a flat CSV of all transactions. It won’t include your budget configurations or custom categories in a portable format, but the transaction history is the most valuable thing to preserve. Download it from Settings > Data Export before your billing period ends.

What Happens After You Cancel

Your Monarch access stays active through the end of your current billing period — you’re not locked out the moment you click cancel. Annual subscribers who cancel midway keep access for the remaining months; they just don’t get a refund for them.

Once the period ends, you lose dashboard access. Your data is retained by Monarch per their privacy policy but is not accessible to you without an active subscription. This is why the export step matters — it’s the one portable asset you can take with you.

What to Switch To

If you need investment tracking: Empower (formerly Personal Capital) is the strongest free option. It connects to brokerages, shows allocation by asset class, and tracks portfolio performance over time. The tradeoff is advisor upsells if your invested assets are above a threshold. Thalvi ($99/year) is built specifically for the investor who wants that analysis without being routed toward managed money.

If you needed budget tracking but want a different tool: YNAB takes a more deliberate methodology approach (zero-based budgeting) and costs $109/year. It won’t give you better investment tracking, but if the budgeting framework is what you want, YNAB is more opinionated and more effective at it.

If you want free and simple: Empower covers net worth tracking and investment analysis at no cost. It doesn’t have Monarch’s budgeting interface, but if the goal is seeing your total financial picture, it handles that without a subscription.

The right move depends on what Monarch wasn’t giving you. The cancellation itself is straightforward — the harder question is what comes next.