Tools & MorePersonal FinancesNerdWallet Review: Is Nerdwallet Safe And Legit

NerdWallet Review: Is Nerdwallet Safe And Legit

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Are you on the hunt for a reliable and trustworthy platform to manage your finances? If so, you may have come across NerdWallet. And when you came across, one question had to come to mind? Is Nerdwallet safe and legit?

But before you dive in headfirst, it’s important to make sure that the company is safe and legitimate. In this article, we’ll explore NerdWallet’s offerings and investigate whether or not it’s a platform you can trust with your finances.

As you may already know, NerdWallet is an online resource that offers a range of personal finance tools and advice to help you save money. From auto loans to credit cards to mortgages, they claim to provide everything you need to make informed decisions about your finances.

But let’s be honest, in today’s digital age, it’s natural to be cautious when it comes to sharing personal information and managing your finances online. That’s why we’ve taken the time to dig into NerdWallet’s safety and legitimacy.

We’ll be discussing customer reviews and the features that make NerdWallet stand out from the crowd. So, if you’re still unsure and wondering “Is NerdWallet safe and legit?”, don’t worry – we’ve got you covered. Keep reading to find out if NerdWallet is the right platform for your financial needs.

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What Is Nerdwallet?

NerdWallet Review Is Nerdwallet Safe And Legit
NerdWallet Review Is Nerdwallet Safe And Legit

Nerdwallet is a one-stop destination for comprehensive personal finance services, including budgeting tools, advice, and access to financial products. It has become an authority in helping users take control of their finances and build wealth over time. Think of Nerdwallet as a library, where you can find a wealth of financial information and resources at your fingertips.

However, it’s important to note that Nerdwallet is staffed by journalists, not experienced financial planners. That’s where comes in. While Nerdwallet offers general information, my website provides personalized insights and real-world experience.

Think of it like the difference between reading a recipe book versus having a private cooking lesson with a professional chef. While both can be helpful, the latter offers a level of expertise and nuance that can’t be found in a book or on a generic website.

At, I offer tailored financial planning services, and my insights and advice are based on my 30 years of experience as a financial planner. I don’t see myself as a competitor to Nerdwallet; instead, I see us as complementary resources. Nerdwallet offers a wealth of general financial information, while my website provides personalized insights based on real-world experience.

Overview Of Services Offered

NerdWallet is more than just an online resource for financial tools and advice – it’s a one-stop destination for all of your personal financial needs. With its comprehensive services, including budgeting tools, advice, and access to financial products, NerdWallet has become a trusted authority in the realm of financial management.

Since its founding in 2009, NerdWallet has been dedicated to helping individuals take control of their finances and build wealth over time. The platform’s intuitive interface provides users with the resources they need to make informed decisions about money management, investments, credit cards, insurance policies, banking solutions, and more.

What is Nerdwallet?

  • Comprehensive services in budgeting, advice, and products
  • Founded in 2009, has become a personal finance authority
  • Offers resources for money management, investing, credit, and more
  • Empowers all levels of experience
  • Expansive library includes calculators, reviews, comparisons
  • Provides personalized guidance tailored to individual goals
  • Trusted source of sound financial advice

But this is what I really appreciate the most about NerdWallet – because they share the same mission as I have.

What sets NerdWallet apart is its commitment to achieving financial literacy for everyone. By providing unbiased information that helps consumers save time and money while making smart decisions, NerdWallet’s robust suite of services has made it a reliable source of information for millions of people worldwide.

Whether you’re a novice investor or a seasoned trader, NerdWallet empowers all levels of experience with personalized guidance tailored to individual goals and objectives. Its expansive library includes calculators, reviews, and comparisons to help customers find the best options available when shopping around for various types of accounts or services.

So whether you’re looking to improve your credit score or just want tips on how to start investing from scratch, NerdWallet can be trusted as a credible resource for sound financial advice. With its mission to provide financial literacy for all, NerdWallet is the go-to platform for anyone looking to take control of their finances and achieve their goals.

Financial Security Measures

ertainly! Security is a top concern when it comes to managing personal finances online, and NerdWallet has taken steps to ensure the safety of its users’ sensitive information.

  • Data protection software that encrypts confidential customer data
  • Comprehensive online security protocols
  • Cybersecurity monitoring 24/7
  • A secure network infrastructure

First, NerdWallet employs Secure Socket Layer (SSL) encryption to protect its users’ data as it’s transmitted between the platform and the user’s computer or mobile device. Additionally, the company has implemented two-factor authentication to add an extra layer of protection when logging in.

NerdWallet also utilizes firewalls and intrusion detection systems to prevent unauthorized access to its servers, and its employees are required to follow strict security protocols to safeguard user data.

In the unlikely event of a data breach, NerdWallet has a dedicated incident response team that will work to quickly resolve the issue and notify affected users. The company also offers identity theft insurance to help users recover from any resulting damages.

While no system is completely foolproof, NerdWallet’s comprehensive security measures provide a high level of protection for its users’ sensitive information.

Credit Card Scams and Fraud

Customer Reviews And Ratings

Having discussed financial security measures, it’s time to look at how customers view NerdWallet in terms of trustworthiness. After all, user feedback and customer reviews are a great way to gauge whether or not an online service is reliable.

When it comes to ratings, NerdWallet scores high with users who’ve used its services in the past.

On Reviewopedia, one of the most trusted consumer review sites on the web, NerdWallet receives a 4 out of 5 star rating from over 600 reviewers. Most praise the accuracy and ease-of-use of the website coupled with helpful advice about using personal finance products and services. Other reviews cite how detailed the information provided by NerdWallet can be for those looking to make informed decisions about their financial future.

Nerdwallet’s commitment to providing exceptional customer service is reflected in its consistently positive reviews and ratings. With over 13,000 reviews on Trustpilot and an overall rating of “Excellent,” Nerdwallet has established itself as a reputable source for financial advice and products. Customers praise Nerdwallet’s easy-to-use platform, comprehensive tools, and personalized recommendations.

In addition to Trustpilot, Nerdwallet has also received high ratings from other trusted review sites such as Consumer Affairs and the Better Business Bureau. These ratings are a testament to the company’s dedication to providing unbiased, informative, and helpful resources to its users.

But Nerdwallet doesn’t just rely on customer feedback to improve its services. The company regularly conducts surveys and analyzes data to identify areas for improvement and enhance the user experience. This commitment to ongoing improvement and innovation ensures that Nerdwallet continues to provide top-notch services and maintain its reputation as a leader in the personal finance space.

Here are two Reddit threads that discuss Nerdwallet if you want to read other first hand reviews of Nerdwallet:

Pros And Cons Of Using Nerdwallet

Nerdwallet is a leading financial services platform and offers a variety of money management tools. But before signing up for any service, it’s important to understand the pros and cons associated with using Nerdwallet.

Comprehensive money management featuresPotential security risks when sharing personal information online
Multiple helpful resources available to usersHigh fees on some of its products
User friendly design and interfaceLimited customer support options

The main advantage of using Nerdwallet is that it provides comprehensive money management features, such as budgeting tools, credit score tracking, and more. Additionally, there are many helpful resources available to users ranging from blog posts to advice articles written by experts in the field. Plus, the user-friendly design makes navigating through the website easy and efficient.

On the other hand, there may be potential security risks when sharing personal information online. Also, certain products or services offered by Nerdwallet come with high fees which can add up quickly if not monitored closely. Finally, customers may have limited customer support options should they need assistance with their account or run into problems while using the platform.

Overall, Nerdwallet has both advantages and disadvantages to consider when deciding whether or not to use this financial services platform. It’s important for anyone considering registering for an account to weigh these factors carefully before committing to anything long-term. With this knowledge in mind, readers can now turn their attention towards exploring alternatives to Nerdwallet.

Alternatives To Nerdwallet

While Nerdwallet is a great tool for tracking investments and budgeting, there are plenty of other options out there that may offer more features and better services. For those who need an extra push in the right direction with their financial planning, it might be beneficial to look into hiring a professional financial advisor or seeking debt management advice. Additionally, some people may feel safer using credit monitoring tools like Credit Karma or Experian Boost. All of these can help individuals make smarter decisions when it comes to how they handle their money.

An analogy to compare to NerdWallet would be to think of Michael Ryan as a personal trainer while NerdWallet is like a gym. Just as a gym offers various equipment and resources for a person to use, NerdWallet offers a range of financial tools and services for users to manage their finances.

However, just as a personal trainer can offer individualized and personalized guidance based on their expertise and experience, Michael Ryan’s experience as a financial planner provides personalized insights and guidance to his clients that a platform like NerdWallet cannot match.

For those looking for something outside of traditional banking and investment tracking methods, apps such as Mint and Acorns provide innovative ways to manage finances. They both offer budgeting tools, but Mint also provides bill pay reminders and account aggregation.

Acorns goes one step further by allowing users to invest spare change from everyday purchases into stocks and ETFs—something not available through Nerdwallet’s offerings. Ultimately, the best option will depend on your individual needs and goals. With so many alternatives available today, you’re sure to find something that meets your needs perfectly!

Frequently Asked Questions

How Much Does It Cost To Use Nerdwallet?

It’s completely free to use Nerdwallet! There are no hidden fees or charges whatsoever. Nerdwallet makes money through partnerships with various financial institutions and receives a commission when users sign up for products or services through their platform. So not only is it a valuable resource for financial advice, but it won’t cost you a penny to use.

Does Nerdwallet Have Access To My Banking Information?

Rest assured, as far as I know – Nerdwallet does not have direct access to your banking information. Instead, they provide a secure platform that allows you to link your accounts to view your financial data in one place.
This gives you the ability to monitor your finances easily, without having to log in to multiple accounts. Nerdwallet takes data privacy and security seriously, so you can trust that your information is protected while using their services.


NerdWallet is more than just an online financial platform. It’s a reliable resource that empowers people to make informed decisions about their money. As we have discussed in this review, NerdWallet takes measures to protect its customers’ data through encryption and secure servers, as well as offering two-factor authentication for extra protection. All the financial services they offer are fully regulated by national authorities in each country where they operate, which means customer funds remain safe.

But NerdWallet is more than just safe and legitimate. It’s also highly regarded in the industry, having received numerous awards from reputable organizations like Forbes Magazine and GOBankingRates. With a plethora of educational materials such as articles and tutorials, NerdWallet provides users with the resources they need to better understand their finances and make smart investments.

Moreover, NerdWallet employs multiple layers of defense to ensure customer accounts remain protected from hackers or other malicious threats. Users can set up additional passwords or pins for added security measures, which gives them peace of mind.

In conclusion, NerdWallet offers a comprehensive suite of services that are both safe and legitimate. It’s no wonder why it’s considered one of the top personal finance websites today. So, if you’re looking for reliable financial advice, NerdWallet is definitely worth considering. Don’t forget to leave a comment below if you have any questions or feedback. And, if you found this review helpful, please share it with your friends and family. Lastly, be sure to sign up for our newsletter below to get even more helpful information for your personal finances.

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Note: The content provided in this article is for informational purposes only and should not be considered as financial or legal advice. Consult with a professional advisor or accountant for personalized guidance.

Michael Ryan
Michael Ryan
Who Am I? I'm Michael Ryan, a retired financial planner turned personal financial coach. And author and found of blog. My advice is backed by decades of hands-on experience in finance and recognition in esteemed publications like US News & World Report, Business Insider, and Yahoo Finance. 'here'. Find answers to your financial questions, from budgeting to investing and retirement planning, on my blog My mission is to democratize financial literacy for all.