Moving from Monarch Money to Empower (Personal Capital)
Assembled from both records. Nothing here is an opinion — it is the difference between two rows, written out.
Your data — read this first
Monarch Money records transaction export as Yes, so take the export first. Empower (Personal Capital) records history import as No: your history does not move, and you start from whatever your banks return on connection.
- Transactions
- No
- Balance history
- No
- Budgets
- Rebuilt by hand
- Rules
- Rebuilt by hand
- Attachments
- ?
Transactions, balance history and attachments are Empower (Personal Capital)’s own import attributes. Budgets and rules never transfer between two apps in this index.
What you gain
- Free tier No → Yes
What you lose
- History import Yes → No
- Rollover budgeting Yes → No
- Balance history import Yes → No
- Credit scores Yes → No
- Partner or household Yes → No
What is unchanged
- Account aggregation, Refresh more than daily, Manual accounts, Edit transactions, Create manual transactions, Rules engine, Mass edit, Export, Custom categories, Budgeting, Recurring transactions, Bills, Goal tracking, Net worth, Investment tracking, Investment transactions, Reports, Adviser access, 2FA / MFA
39 attributes are Unknown on one side and left out. Gains and losses are a diff of the two records.
How to do it
- Export from Monarch Money first
Take the transaction export while your subscription is live. The record says export is available.
- Connect accounts
Find out which of your banks fail before you are billed. Empower (Personal Capital) reaches banks through Yodlee.
- Rebuild budgets and rules
No app in this index imports another’s budgets or rules. Budgets are quick; rules are worth rebuilding as transactions arrive rather than all at once.