Albert

Albert Reviews

Author pictureAuthor picture
Author picture
Written by
Author picture
Edited by

Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.

About Albert

Albert is a financial services app. It’s not a bank, but it offers banking services through FDIC-insured Sutton Bank. The aim is to help Americans reach financial stability. Albert has no monthly or overdraft fees. Along with banking, the app has savings, budgeting and investing services. For financial guidance, Albert offers Genius, a team of financial experts. Users can get an interest-free advance, cash-back rewards and early paycheck access.

Pros & Cons

Pros
  • No monthly service fees
  • Cash-back rewards
  • Cash advance option
Cons
  • No mobile check deposit
  • App-only accessibility

What is Albert?

Albert is a financial services app that aims to help Americans achieve financial stability. The company is not a bank; its banking services are provided by Sutton Bank, which is FDIC-insured.

Albert offers simple services to make improving your finances feel less daunting. With options to save or invest automatically and an analysis of your financial habits, Albert streamlines the process of understanding your finances and building your wealth.

How does Albert work?

Albert is a mobile app available for both Apple and Android devices. There are no physical locations or accessibility options without using the app. Once you download the app, Albert asks you about yourself. This is so the app can better understand your individual financial situation.

Once that’s done, you’ll be guided to connect your financial accounts. This is when the Albert algorithm starts to work. It analyzes your income, spending and budget, finding ways to save you money and improve your overall financial wellness. The algorithm helps you spot issues such as unwanted fees, bill hikes and more.

For a small fee, you can also choose to take advantage of the Genius service. Genius allows you to ask any financial question at any time and get honest advice from a financial expert. This service is available day or night, so you can ask your question whenever it hits you.

Albert services

Albert offers a number of financial services. Whether you’re looking for banking, savings, investing or other services, Albert can help. Services the company offers include:

  • Cash: This option includes a debit card, advance paycheck access, cash-back rewards, free ATM use with Allpoint machines, no minimum balance and no monthly fees.
  • Instant: Albert can provide a cash advance of up to $250 with no late fees, interest or credit check. Get money instantly for a small fee, or within two to three days for no fee.
  • Saving: The app analyzes your income and spending to help find ways to save you money. You can set it to automatically deposit into your account or choose your own schedule. You will receive an annual cash bonus on your savings.
  • Investing: Buy individual stocks or choose company themes, like female leadership or sustainability. Genius creates a custom portfolio for you. You can set it to invest automatically on a regular schedule
  • Genius: This is Albert’s only paid service. A team of experts is available to you 24/7 to provide honest financial advice and answer all your money questions. You pay the amount you think is fair.

Albert fees

Albert doesn’t have many fees. Since the goal of the company is to help Americans reach financial stability, Albert specifically doesn’t charge monthly service fees or overdraft fees.

There is a cost to use the Genius service, but the company allows you to pay what you think is fair. The current minimum for Genius is $6 per month. You can start investing with just $1.

Albert FAQ

Is Albert a real bank?

Albert is not a bank. It’s an app that offers financial services such as budgeting, investing and savings. Banking services are provided by Sutton Bank.

Where can I use my Albert card?

The Albert card is a Mastercard debit card, so you can use it anywhere Mastercard is accepted. You can also withdraw money without fees at any Allpoint ATM.

Is Albert FDIC insured?

Accounts with Albert are insured through the company’s banking provider, Sutton Bank, which is FDIC-insured.

Does the Albert app give you money?

The Albert app can provide you with an advance of up to $250. You can repay the advance when you get paid.

Is Albert safe?

Albert is a safe app to use. Your money is FDIC-insured, with coverage up to $250,000. Albert has a number of convenient services that can make improving your finances a more painless process. It has a number of perks, including a lack of fees and cash-back rewards. Overall, we recommend considering Albert if you're looking for a mobile banking option.

Albert Reviews

Filter by Rating

  • (2)
  • (59)

Popular Mentions

    How do I know I can trust these reviews about Albert?
    • 4,568,520 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Recent
    • Recent
    • Oldest
    • Most helpful

    A link has directed you to this review. Its location on this page may change next time you visit.

    How do I know I can trust these reviews about Albert?
    • 4,568,520 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 10
    Sales & Marketing

    Reviewed Dec. 7, 2024

    They are a complete scam. They will collect your personal financial information, and keep you behind a paywall in order to cancel. I wonder what they are doing with people's financial information. If they are this predatory It's just a matter of time before someone files a lawsuit.

    Thanks for your vote! Report
    Customer Service

    Reviewed Nov. 19, 2024

    They don’t have anyone to talk to by phone. They are stealing my money out of my account after I told them by email not two months ago and they said they would stop it and they are now taking it out again without permission. If they don’t stop I will take matters further.

    Thanks for your vote! Report

    Not sure how to choose?

    Get buying tips about Online Banks delivered to your inbox.

      By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

      Thanks for subscribing.

      You have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

      Reviewed Nov. 15, 2024

      Do NOT, I say DO NOT connect with these thieves! Once established, they link your bank accounts and steal your money!!! It all looks fun and fancy, but try to close your account, and you will see the true predatory nature of this company.

      Thanks for your vote! Report
      Customer ServiceStaff

      Reviewed Nov. 14, 2024

      Albert holds your bank account hostage. Even when you think you have deleted your banking info, they illegally connect it again. You actually cannot delete your banking info until you give them another. Automatically takes $14.99 monthly fee & give no way to speak to a customer service agent to stop it. I have not gotten an actual cash advance from Albert since 2020! Will have to go to the bank directly and fill out form to stop Albert from taking automatic subscription fee.

      Thanks for your vote! Report

      Reviewed Nov. 10, 2024

      This is one of the worst experiences I’ve ever had with a company. Not only is the service they provide below average, but the cancellation process is borderline predatory. They make it extremely difficult to cancel the subscription. I unsuccessfully attempted to cancel my subscription 5 times, all while racking up $194 in fees. Albert refuses to issue a full refund despite these numerous attempts and explanations. Please stay FAR away from this company.

      Thanks for your vote! Report

      Reviewed Nov. 5, 2024

      They have hidden charges that aren’t apparent when you set it up. I don’t recommend using this app, there are far better apps out there like Dave or Empower. This company has taken funds for things I didn’t agree to,

      Thanks for your vote! Report

      Reviewed Oct. 25, 2024

      Albert offers up to $100 instant overdraft with a linked account. But you have to turn on smart money savings for overdraft. They take large chunks of money from my other bank to “put in savings.” I honestly liked the instant overdraft but right now I have $70 pending in Albert savings, including $29 taken out this morning. When I contacted Albert to stop the transaction, they told me they couldn’t even though it hadn’t processed. The cancel button in their page wouldn’t work. Nothing works with Albert. The smart money savings is a horrible idea. They take money out and it shows pending in your savings so you can’t use it. The money just stays pending.

      I wouldn’t recommend Albert. Aside from the instant overdraft, which other banks offer and better, there is next to reason to go with them. Customer support is texting with someone. They don’t offer enough features. I’ve had them for a while and was never sent a physical card even after I asked. Their virtual card will only work certain places. That’s the main reason I had to get a second bank as my main bank. I need the physical card that actually works. And to be able to deposit a check. You cannot not deposit a check into Albert. You can’t pay anyone. If your virtual Albert card doesn’t work then you’re out of luck. I’ve also had charges from subscriptions that I’ve closed and they keep coming through on Albert.

      Thanks for your vote! Report
      Online & App

      Reviewed Oct. 8, 2024

      This is the worst "budgeting" app I have ever witnessed. First, it pulled money from my account without warning me or being transparent. Next, when I tried to block the app from pulling more money from my account with my bank, the app changed its merchant name to bypass the stop-hold and get more money out of my account. It changed its merchant name from "Albert Savings" to "Albert Genius." It also took a whopping $155 out of my checking account in ONE DAY claiming that it was "creating a savings account for me on the app." This is not a bank. This is an app. When I tried to get my money back, the app refunded me but then showed I had a negative balance with it. This is their trick to keep you from closing your account with them because they only let you deactivate your account when you have a balance with them of "0."

      Thanks for your vote! Report
      Online & App

      Reviewed Sept. 14, 2024

      I would definitely think twice before downloading this app and using it. I ended up just forfeiting about $30 to the app just to get my account closed and not have to deal with them anymore. They throw up every obstacle you can think of to close your account And that’s after you’ve spent an hour trying to figure out how to close the account.

      Thanks for your vote! Report
      Customer ServicePriceStaff

      Reviewed Sept. 4, 2024

      When you want to leave they make it the worst. They don't stop charging you. You can't talk to a real person. The texting line claims to be a real person but it doesn't answer you directly. ABSOLUTELY USELESS. Do SoFi Bank instead.

      Thanks for your vote! Report
      Loading more reviews...

      Albert Company Information

      Company Name:
      Albert
      Website:
      albert.com