Splitwise vs. Splid: Choosing a Bill Payment 2024

Both Splitwise and Splid are preferred for their simplicity in managing shared expenses, whether among friends, families, or teams.

Users appreciate real-time updates, clear interfaces, and efficient reimbursement features.

Their growth patterns have seen steady adoption due to word-of-mouth recommendations, positive user experiences, and the increasing need for streamlined expense management in various social and professional settings.

If you want to know the difference between these collaborative expensive management tool, here’s what I know:

The main difference is that Splitwise is a well-established collaborative expense management tool focused on shared expenses and bill splitting. Splid is a newer entrant with a similar focus on group expenses but emphasizes simplicity and user-friendliness.

It’s time to dive into the features, pros and cons, pricing, and FAQs to help you decide between these bill payment solutions.

Splitwise vs. Splid: Fees and Charges at a Glance

The table below compares the fee structures of Splitwise and Splid.

Basic Expense TrackingFreeFree
In-App Payment FeesFees may apply depending on the payment platform used (Venmo, PayPal, etc.)Similar to Splitwise, fees depend on the payment provider
Premium FeaturesSplitwise Pro: ($3/month) Offers features like advanced currency conversion, OCR receipt scanning, more.Splid does not currently have a premium tier


  • ‘Hidden’ fees: The main cost comes from the payment services themselves, not the expense splitting app. Factor in how those fees impact your use.
  • Free is usually enough: Unless you need Splitwise Pro’s niche features, both apps function well on their free plans.
  • Regional variations: Fees for payment providers can differ significantly between countries.

Splitwise vs. Splid: Key Features Overview

FocusShared expenses and bill splittingGroup expenses with an emphasis on simplicity
User InterfaceEstablished, optimized for group expense managementEmphasizes simplicity and user-friendliness
Expense TypesGeneral expenses, bills, and IOUsGroup expenses, simplified user experience
Real-time SyncReal-time updates for shared expensesReal-time synchronization for group expenses
NotificationsSends reminders and notifications for pending expensesAlerts for updates on group expenses
IntegrationLimited integration capabilitiesFocuses on simplicity, may lack advanced integrations
Multi-currency SupportSupports multiple currencies for global usabilityMay have limited international currency support
Mobile AppsAvailable for iOS and AndroidMobile apps for convenient on-the-go usage
PricingFreemium model with a subscription-based pro planFreemium model with additional features in premium plan
Transaction FeesNo transaction fees, relies on subscriptionsMay have additional features in premium plan

What is Splitwise and How Does It Work?

Splitwise is a leading collaborative expense management platform designed for shared expenses among friends, roommates, or colleagues. Users input expenses, and the platform calculates each person’s share, simplifying bill splitting. It offers a user-friendly interface, real-time updates, and supports various expense types.


Splitwise Pros:

  • Established platform with a strong user base.
  • Versatile for different expense scenarios.
  • Real-time updates enhance transparency.

Splitwise Cons:

  • Limited integration capabilities.
  • May lack some advanced features.

What is Splid and How Does It Work?

Splid is a newer entry in the collaborative expense management space, focusing on group expenses with an emphasis on simplicity. It aims to streamline the process of managing shared costs within a group. Splid offers a user-friendly interface, real-time synchronization, and a simplified user experience.

Splid.com payment splitter solution

Splid Pros:

  • Emphasis on simplicity and user-friendliness.
  • Real-time synchronization for group expenses.
  • May offer a more straightforward user experience.

Splid Cons:

  • Limited information due to being a newer platform.
  • May lack some advanced features compared to more established tools.

Splitwise vs. Splid: A Detailed Feature Comparison Guide

Let’s explore and compare the core features of these bill payment apps side-by-side:

1. Group Creation:

Splitwise and Splid both excel in group creation, allowing users to organize expenses among different social circles effortlessly. In Splitwise, users can create groups for various purposes, such as trips, household expenses, or social outings, and invite members to join.

Similarly, Splid offers seamless group creation, enabling users to set up shared expenses for specific events, projects, or ongoing arrangements. Both apps provide intuitive interfaces for managing group members, adding or removing participants as needed, and setting permissions for expense tracking.

Winner: Tie – Splitwise and Splid offer comparable capabilities for group creation, with both providing easy-to-use interfaces and robust functionality. Users will find it straightforward to organize their expenses within specific social circles using either app, making it a tie in this category.

2. Expense Logging:

When it comes to logging expenses, both Splitwise and Splid offer comprehensive solutions.

Users can add expenses quickly, specifying details such as the amount, category, and description, in both apps. Splitwise allows for flexible splitting options, including equally, by percentage, or by specific amounts, while Splid offers similar versatility in expense allocation.

Both apps also enable users to attach receipts and add notes to individual expenses, enhancing transparency and clarity.

Winner: Tie – Splitwise and Splid are evenly matched in terms of expense logging capabilities. Both apps provide intuitive interfaces and robust functionality for adding, splitting, and annotating expenses, making it a tie in this category.

3. Balance Overviews:

Splitwise and Splid both offer clear and comprehensive balance overviews, allowing users to track who owes whom within a group.

In Splitwise, users can easily view detailed balance summaries for each group, showing individual debts and credits for each member.

Splid provides concise balance overviews, presenting a snapshot of the overall financial status within a group, including outstanding debts and settlements.

Both apps offer filters and sorting options to streamline the viewing of balances, enhancing user experience and facilitating debt settlement.

Winner: Both bill payment apps provide comparable balance overview features, offering users clear insights into their financial obligations within a group.

4. Payment Reminders:

In Splitwise, users can set up payment reminders to prompt group members when payments are due, ensuring timely settlements and reducing the need for manual follow-ups.

Similarly, Splid offers payment reminder functionality, allowing users to schedule notifications for overdue expenses and pending payments.

Both apps send notifications via email or push notifications, keeping users informed and facilitating prompt settlements.

Winner: Both apps offer comparable payment reminder features, helping users stay on top of their financial commitments within a group. With automated notifications and customizable reminders, both apps effectively support timely payments, resulting in a tie in this category.

5. In-App Payment Options:

Splitwise and Splid both integrate seamlessly with popular payment platforms like Venmo, PayPal, and others, enabling users to settle debts directly within the app.

Splitwise offers a wide range of payment options, allowing users to choose their preferred payment method for seamless transactions.

Splid provides in-app payment options, facilitating quick and convenient settlements between group members. Both apps prioritize security and user privacy, ensuring that financial transactions are protected and encrypted.

Winner: These bill payment apps provide robust in-app payment options, offering users flexibility and convenience when settling debts. With support for multiple payment platforms and secure transactions, both apps empower users to manage their finances effortlessly, resulting in a tie in this category.

6. Cross-Currency Support:

Splitwise and Splid both offer cross-currency support, making them ideal companions for international travelers or groups dealing with multiple currencies.

Splitwise automatically converts expenses into the user’s preferred currency, providing accurate balance calculations across different currency denominations.

Splid handles currency conversions seamlessly, ensuring that users can track and settle debts in their local currency. Both apps update exchange rates regularly to provide users with real-time currency conversions and accurate financial insights.

Winner: Splitwise and Splid deliver comparable cross-currency support, catering to the needs of users involved in international transactions or groups with diverse currency preferences.

7. Bill Splitting:

Both Splitwise and Splid offer convenient bill splitting functionalities, allowing users to streamline the process of dividing expenses among group members.

Splitwise enables users to capture receipts via photos and automatically parses out the items and costs for easy splitting.

It provides a user-friendly interface for reviewing and adjusting expense allocations before finalizing splits.

Similarly, Splid offers a seamless bill splitting experience, leveraging advanced algorithms to parse receipts accurately and allocate costs among group members efficiently.

Winner: Tie – While Splitwise may have a slight edge in terms of user interface design and customization options, both apps deliver reliable performance in this key feature, resulting in a tie.

Splitwise vs. Splid: Factors to Consider Making a Decision

Keep these important factors in mind when choosing a digital payment app for splitting expenses with friends.

1. Interface and User Experience (UX):

  • Splitwise is functional but can feel cluttered to some. If you prioritize a streamlined experience, Splid might be a better fit.
  • Splid is clean, intuitive design could be a deciding factor, especially for those less comfortable with complex-looking financial interfaces. A pleasant UX encourages people to actually use the app, reducing friction when settling up.

2. Advanced Features:

  • Splitwise wins here. If you split rent, utilities, etc., with roommates, its recurring bills and detailed categorization are invaluable. Also great for meticulous budgeting during trips.
  • Splid keeps it simple. This is ideal if your shared expenses are primarily things like meals or outing costs, without needing complex tracking.

3. Social Element:

  • Splitwise assumes expense splitting is the primary reason you use the app. Few additional social hooks beyond that.
  • Splid’s design and potential contact list integrations hint at a broader social function. This could be the tie-breaker if it becomes a way to also plan outings with friends where costs are then a natural extension.

4. Regional Availability:

  • Investigate both apps thoroughly in your location. Are local payment services your friends use supported? Are there issues with currency conversion? This seemingly minor factor can make one app far more usable than the other.

5. Your Comfort Level:

  • Splitwise is the established player. Less likely to suddenly disappear or have major feature overhauls. This reliability is comforting for handling shared finances.
  • Splid’s newer apps have more inherent risk. However, they often innovate faster. If you like being an early adopter and don’t mind the occasional hiccup, Splid’s potential upside is tempting.

Splitwise Pricing:

Pricing AspectDetails
Pricing ModelFreemium model with a free basic plan
Free PlanOffers essential features for general users
Splitwise Pro PlanSubscription-based premium plan with added features
Pro Plan CostMonthly or annual subscription, reasonable pricing
Additional FeaturesPro plan includes advanced features and removes ads
Group Expenses FeatureAvailable in both free and pro plans
Transaction FeesNo transaction fees, primarily relies on subscriptions
Mobile AppsFree mobile apps available for iOS and Android
IntegrationLimited integration capabilities
Customer SupportBasic customer support for all users

Splid Pricing:

Pricing AspectDetails
Pricing ModelFreemium model with a free basic plan
Free PlanOffers essential features for managing group expenses
Splid Premium PlanSubscription-based premium plan with additional features
Premium Plan CostMonthly or annual subscription, competitive pricing
Advanced FeaturesPremium plan includes enhanced functionalities
AdsNo ads in the premium plan
Payment IntegrationPremium plan supports payment integration for expense settlement
Mobile AppsFree mobile apps available for iOS and Android
Customer SupportEnhanced customer support for premium users



  • Freemium model with a free basic plan.
  • Pro plan offers advanced features and removes ads.
  • Subscription-based pricing with reasonable costs.
  • Limited integration capabilities.
  • No transaction fees, relies on subscriptions.
  • Basic customer support for all users.
  • Group expenses feature available in both plans.


  • Freemium model with a free basic plan.
  • Premium plan offers enhanced features and no ads.
  • Subscription-based pricing with competitive costs.
  • Payment integration available for premium users.
  • Enhanced customer support for premium users.
  • Advanced features included in the premium plan.
  • Group expenses management emphasized.

Splitwise Use Cases:

University Housing Cost Sharing:

  • Scenario: Students living together in a shared house, similar to those attending universities like Harvard or Stanford, leverage Splitwise for transparent expense sharing. They use Splitwise to divide rent, utilities, groceries, and other shared costs. The app’s simplicity and real-time updates ensure that everyone stays on the same page regarding contributions and payments, fostering a harmonious living arrangement.

Family Vacation Expense Management:

  • Scenario: A family planning a vacation, much like families visiting popular destinations like Disneyland or the Grand Canyon, employs Splitwise for organized expense management. Splitwise facilitates the coordination of travel costs, accommodation, meals, and activities. Each family member contributes to a shared fund, and Splitwise ensures that expenses are distributed fairly, allowing the family to enjoy their vacation without financial stress.

Splid Use Case Examples:

Startup Team Shared Costs:

  • Scenario: A small startup team, similar to those found in vibrant tech hubs like Silicon Valley, uses Splid to manage shared costs. Splid streamlines the process of handling office supplies, software subscriptions, and team lunches. Team members can easily track shared expenses, and the app’s reimbursement feature ensures that everyone is promptly reimbursed for their contributions, fostering a collaborative work environment.

Friends’ Night Out Expenses:

  • Scenario: A group of friends planning a night out, much like friends in social hubs like New York or Los Angeles, turns to Splid for efficient expense management. From dinner and movie tickets to transportation, Splid helps friends split costs fairly. The app’s straightforward interface ensures that everyone can contribute their share effortlessly, enhancing the overall experience of social outings.


Get quick answers to some of the common questions.

Are these tools secure for managing shared expenses among friends or roommates?

  • Yes, both Splitwise and Splid prioritize user security. They employ encryption protocols to safeguard user data and ensure that shared financial information remains confidential. Regular security updates further enhance protection against potential threats.

Do these tools support multi-currency transactions for international expenses?

  • Splitwise excels in multi-currency support, making it suitable for users with international expense-sharing needs. On the other hand, Splid may offer multi-currency support to cater to users managing group expenses globally, although the extent may vary.

How do these tools handle reminders for pending expenses and reimbursements?

  • Both Splitwise and Splid incorporate notification features to send reminders and alerts for pending expenses. This ensures that users stay informed about outstanding bills and settlements, facilitating proactive debt settlement and effective communication within groups.

Can these tools integrate with other financial apps or platforms?

  • While Splitwise and Splid prioritize simplicity, their integration capabilities are limited. Users looking for advanced integrations with other financial tools may find options like expense management software more suitable.

What sets these tools apart in terms of user interface and ease of use?

  • Both Splitwise and Splid boast user-friendly interfaces, designed for simplicity and easy navigation. Users can quickly grasp the tools’ functionalities, making them accessible for individuals with varying levels of tech expertise.

Which Tool is Better?

Both Splitwise and Splid offer valuable features for managing shared expenses, but their emphasis on different aspects of financial interactions sets them apart.

Splitwise’s established position in the market, versatility, and real-time updates make it a robust choice for comprehensive expense management among groups.

Splid, as a newer entrant, caters to those seeking simplicity and a user-friendly experience for group expenses. It may appeal to users who prioritize a straightforward approach to managing shared costs.


  • Splitwise: Well-established, versatile, and feature-rich for shared expenses.
  • Splid: Newer, emphasizes simplicity, and streamlines group expenses.