WeMoney is a popular free Australian app. It tracks your spending, your debts, and (its headline feature) your credit score, wrapped up with a community and rewards layer. Like us, it runs on Open Banking, so there's no credential-sharing concern on either side.1
If a free credit-score and debt tracker is what you're after, WeMoney does that well. The thing to understand is how a free app stays free, and what changes when you pay.
Free, but funded by referrals
WeMoney is free because it monetises through product referrals: credit cards, loans, and other financial products it can recommend to you.2 That's a legitimate model, but it means the app has a commercial interest in what it shows you, and your financial data is part of how that engine runs.
Redbark is a paid subscription. There are no ads, no referrals, and no incentive to point you at a particular product. You pay us, and your bank data goes where you tell it to go. We don't store it, and we don't have anything to sell you on top.
Your data, in your tools
WeMoney keeps your data inside its app. Redbark sends it out to YNAB, Google Sheets, Notion, or your own systems via webhooks and a REST API, in real time. We connect through Open Banking (the CDR) via Fiskil, an ACCC-accredited data recipient.3 And for anyone who wants to build their own thing, there's a full API and an MCP server for AI assistants.
WeMoney vs Redbark: at a glance
| Redbark | WeMoney | |
|---|---|---|
| Australian bank access | Open Banking (CDR) via Fiskil | Open Banking (CDR), the same |
| Where your data goes | YNAB, Google Sheets, Notion, webhooks | Stays inside WeMoney's app |
| Business model | Paid subscription, no ads, no referrals | Free, funded by product referrals |
| Credit score tracking | Not offered | Built in |
| Developer tools | REST API, signed webhooks, MCP server | None for end users |
| Pricing | From $12/mo | Free |
Where WeMoney suits you better
WeMoney is the better choice if:
- You want free spending and debt tracking.
- You care about credit-score monitoring, which we don't offer.
- You like the community, rewards, and product recommendations.
If you'd rather pay for a tool that's ad-free, doesn't monetise your data, and puts your transactions in the tools you already use, that's Redbark.
Your bank data, in the tools you actually use
Connect your Australian bank through Open Banking and sync transactions to YNAB, Google Sheets, and Notion — in real time, with nothing stored.
7 days free. No credit card required.
References
1. WeMoney connects accounts via Open Banking. See WeMoney: Security.
2. WeMoney is free to use and earns referral fees from financial products surfaced in the app. See WeMoney Terms & financial services guide.
3. Fiskil Becomes an Accredited Data Recipient; ACCC CDR Accreditation Guidelines.