Short answer
Yes, Monarch Money works in Canada. It is officially available here and connects to Canadian banks through Plaid, Finicity and MX. Three things to know first:
- It bills in US dollars: $99.99 USD/year (about $137.59 CAD) or $14.99 USD/month.
- It does not convert currencies. CAD and USD balances are added together one-to-one.
- It doesn't support TSX-listed securities for holdings and performance.
Is Monarch Money Available in Canada?
Yes. Monarch's Canada page announces that Monarch is "now available in Canada", and its help centre FAQ says the app is available only in the US and Canada. Monarch opened to Canadians in late 2023, shortly after Intuit announced Mint was shutting down. At the time, its CEO acknowledged limited Canadian bank connectivity, no multi-currency support and USD-only billing. Bank connectivity has been the focus since. The currency and billing points still apply, as covered below.
The app is in the Canadian App Store and on Google Play, and works on the web.
Monarch Money Pricing in Canadian Dollars
| Plan | Price (USD) | ≈ CAD | What's included |
|---|---|---|---|
| Core, monthly | $14.99/mo | $20.63/mo | Full budgeting, net worth, investments, partner access |
| Core, annual | $99.99/yr ($8.33/mo) | $137.59/yr | Same as monthly |
| Plus, annual | $199.99/yr | $275.19/yr | Adds forecasting, business tracking, advanced investment analysis |
USD prices from monarch.com/pricing. CAD estimates use the Bank of Canada rate of 1.376 (August 21, 2026), before sales tax and card foreign transaction fees.
The Canada page is explicit: "All prices are billed in USD." Most Canadian credit cards add a foreign transaction fee of around 2.5% on USD charges, so your actual cost depends on your card and the exchange rate on renewal day. There is a 7-day free trial (payment method required) and a money-back guarantee. Monarch also advertises a WELCOME code for 30% off the first year of annual Core when you subscribe directly, not through Apple or Google.
For comparison, Unified costs $6.99 CAD/month or $69 CAD/year, billed in Canadian dollars, after a 14-day free trial. YNAB is $14.99 USD/month or $109 USD/year; see our YNAB in Canada guide.
CAD Support and Currency Handling
This is the most important thing to understand before you sign up. Monarch's International Accounts and Currency help article says Monarch "does not differentiate between currencies" and "does not perform any currency conversion." Every amount shows with a plain $ sign, you cannot choose a display currency, and Monarch says it has no plans to expand currency support soon.
| Your situation | How Monarch handles it |
|---|---|
| All accounts in CAD | Works. Every figure is in CAD, just labelled $ |
| Mix of CAD and USD accounts | Added together 1:1. $10,000 CAD + $10,000 USD shows as $20,000 |
| US-listed stocks in a Canadian brokerage | Prices shown in USD, mixed with CAD balances |
| TSX-listed stocks and ETFs | Not supported for holdings/performance |
If you have a US dollar account, a USD savings account at a Canadian bank, or US stocks, expect your net worth and spending totals to be off by the exchange rate on those balances.
Canadian Bank Connections
Monarch uses three data providers: Plaid, Finicity and MX, and lets you switch provider per institution if one is not working. The same article acknowledges that "some banks in Canada" are difficult to connect to or keep synced. Monarch publishes a connection status page, but no list of supported Canadian institutions. Its Canada page recommends using the trial to "confirm your institutions connect reliably."
Practical advice: during the 7-day trial, connect every account you care about (chequing, credit cards, TFSA, RRSP, mortgage) and check that they are still syncing a few days later. For investment accounts, Monarch notes that some brokerages connected through MX don't pass holdings, so you may need to enter them manually. If you want to know how these providers differ, see Flinks vs Plaid.
Budgeting, Net Worth and Investment Tracking
| Feature | Monarch Money | Canadian caveat |
|---|---|---|
| Budgeting | Category or group budgets, flexible budgeting | Works with CAD accounts |
| Net worth | Assets and liabilities over time, incl. property and vehicles | CAD + USD summed without conversion |
| Investment tracking | Holdings, performance, allocation, manual holdings | No TSX-listed securities |
| Recurring and goals | Recurring transactions, savings and debt goals | None |
| Partner access | Add household members at no extra cost | None |
| Reports and forecasting | Custom reports; forecasting on Plus | None |
| Registered accounts | No TFSA- or RRSP-specific features we could find | Examples in help docs are IRA/401(k) |
| Apps | Web, iOS, Android | 4.7★ on the Canadian App Store (≈4,500 ratings, checked Oct 5, 2026) |
On features alone, Monarch is one of the most polished all-in-one money apps available. Its budgets are flexible, the net worth view is good, and partner sharing is included rather than an add-on. The gaps for Canadians are about the data underneath: currency, Canadian securities and connection reliability.
Strengths and Weaknesses for Canadians
Strengths
- Officially available in Canada, with three data providers to fall back on
- Polished budgeting, reports and net worth
- Partners included at no extra cost
- SOC 2 Type 2, read-only, no ads, no data selling
- Strong mobile apps (4.7★ in Canada)
Weaknesses
- Billed in USD; about $137.59 CAD/yr plus card FX fees
- No currency conversion between CAD and USD
- No TSX-listed securities in investment tracking
- Monarch says some Canadian banks are hard to keep synced
- Data stored in US-based AWS data centres
- No free plan; 7-day trial needs a card
Monarch Money Alternatives in Canada
| App | Best for | Price | Currency |
|---|---|---|---|
| Unified | Budgets, spending and net worth across Canadian banks | $6.99/mo or $69/yr, 14-day trial | CAD |
| YNAB | Strict zero-based budgeting | $14.99/mo or $109/yr | USD |
| Wealthica | Detailed tracking of Canadian investment accounts | Paid plans from $50/yr | Not stated |
| PocketSmith | Long-range cash-flow forecasting | From $9.99/mo billed annually | USD |
| Spreadsheet | Full control, no sync | Free template | Any |
Prices from each provider's site, verified October 5, 2026.
If you came here looking for a Mint or Rocket Money replacement, our guides to Rocket Money in Canada and the best budgeting apps in Canada compare the wider field.
Where Unified fits: Unified is built in Canada and priced in CAD. It connects Canadian banks, credit cards and investment accounts through Plaid, and focuses on everyday money: budgets (monthly or by paycheque), spending insights, subscription detection and net worth. It does not do holding-level investment analytics. If that is what you need, Monarch (for US securities) or Wealthica (for Canadian ones) goes deeper.
Who Should Use Monarch in Canada?
| Monarch is a good fit if… | Look elsewhere if… |
|---|---|
| All your accounts are in CAD and connect well in the trial | You hold USD accounts and want accurate totals |
| You want polished budgets and partner sharing | You want to pay in Canadian dollars |
| You don't need TSX holding-level tracking | You invest mainly in Canadian-listed ETFs and stocks |
| US data storage doesn't concern you | You prefer a Canadian company |
Frequently Asked Questions
Does Monarch Money work in Canada?
Yes. Monarch says it is available in Canada and its help centre says it is available only in the US and Canada. You can connect Canadian banks through its data providers (Plaid, Finicity and MX), but Monarch itself says some Canadian banks are difficult to connect or keep synced, and it recommends using the 7-day trial to confirm your institutions work.
How much does Monarch Money cost in Canada?
Monarch bills in US dollars: $14.99 USD per month or $99.99 USD per year for Core, and $199.99 USD per year for Plus. At the Bank of Canada rate of 1.376 (August 21, 2026), that is about $20.63 CAD per month or $137.59 CAD per year for Core, before any foreign transaction fee your card charges.
Does Monarch Money support Canadian dollars?
Not really. Monarch's help centre says it does not differentiate between currencies and does not perform any currency conversion, and that it charges only in USD. A CAD account and a USD account are both shown with a plain $ and added together one-to-one. If all your accounts are in CAD, the numbers are fine; if you mix CAD and USD, totals and net worth will be off.
Can Monarch Money track TSX stocks?
According to Monarch's investments help article, it does not support securities listed on Canadian exchanges and displays stocks in USD. Balances from connected Canadian brokerage accounts can still appear, but holding-level prices and performance for TSX-listed securities are not supported.
Is Monarch Money safe for Canadians?
Monarch states it is SOC 2 Type 2 compliant, encrypts data at rest and in transit, never stores bank credentials, cannot move money, and does not sell data. One point for Canadians: Monarch says your data is stored in US-based AWS data centres.
What is the best Monarch Money alternative in Canada?
It depends on what you need. Unified is Canadian-built and priced in CAD ($6.99 per month or $69 per year after a 14-day trial) for budgeting, spending and net worth across Canadian banks. YNAB suits strict zero-based budgeters but also bills in USD. Wealthica suits investors who want detailed portfolio reports from Canadian brokerages. PocketSmith suits long-range cash-flow forecasting.
Is Monarch Money free?
No. Monarch has no free plan. It offers a 7-day free trial (a payment method is required) and a money-back guarantee, then charges $14.99 USD per month or $99.99 USD per year.
Sources
All sources checked October 5, 2026.
- Monarch: Canada: availability, "All prices are billed in USD", 7-day trial advice.
- Monarch: Pricing: Core $14.99/mo or $99.99/yr; Plus $199.99/yr; money-back guarantee.
- Monarch Help: Monarch Plus.
- Monarch Help: FAQs: available only in the US and Canada.
- Monarch Help: International Accounts and Currency: no conversion, USD billing.
- Monarch Help: Investments: no Canadian-exchange securities.
- Monarch Help: Data Providers: Plaid, Finicity, MX; some Canadian banks hard to sync.
- Monarch Help: Privacy and Security: SOC 2 Type 2, US AWS storage.
- Monarch on the Canadian App Store: 4.7★, about 4,500 ratings.
- BetaKit, December 14, 2023: Canadian launch.