Banking

Manilla to Close--Here are 5 Alternatives

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Manilla recently announced that they will be closing effective July 1, 2014. It’s unfortunate as Manilla provided a free and very unique service. In addition to tracking your bills, Manilla could also keep track of your explanation of benefit forms for several major health insurance companies.

The notice really took me by surprise. I had just interviewed Manilla's CEO for the Dough Roller podcast about a week earlier. Here's the text of the email:

"We are announcing today that Manilla will be closing on July 1, 2014. This was a hard decision given that, over the past three years, Manilla has won many awards and has been well supported by its valued user base. However, we were unable to achieve the scale necessary to make the economics of the business viable."

If you have a Manilla account, you'll want to download any documents on Manilla that you'll need. Existing users will have access to their accounts until June 30, 2014.

Alternatives to Manilla

There are a few Manilla alternatives to consider. Here are my top 5:

Finovera: Perhaps the closest alternative is Finovera. This service is free and enables you to aggregate all of your bills in one place. Like Manilla you'll receive alerts when your bills are due. They also offer a digital filing cabinet.

Prism(formerly Mobilligy): This smartphone and tablet app connects to all of your monthly bills. It keeps track of the due dates and amounts, and then notifies you when they are due. You can also pay your bills directly from the app.

Check: Another free mobile app alternative that appears to do the same thing as Mobilligy. You can aggregate all of your bills in one place, receive alerts when they are due, and pay them directly from your smartphone or tablet.

Mint: I've reviewed Mint before. It's best known as a free online budgeting tool, although it also enables you to track all of your monthly bills.

doxo: According to the website, you can "connect to providers on doxo to receive your bills and statements directly to your doxo account." It also enables you to backup all of your monthly statements.

Bonus: MoneyStream--According to the website, “Not just an organizer or bill-payer, MoneyStream brings everything together in one secure place and then shows you a future view of your money so you can see at a glance where you stand and where you’re going.” I emailed them about an iPhone app, and they quickly responded (I love that) saying they were working on it. They expect to launch it in a few weeks.


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