Comparison

Fairsplit vs IOU

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Fairsplit

Easily divide expenses among friends after group outings or trips. Simply scan receipts, assign items to individuals, and the app calculates who owes whom, generating a clear settlement report to share.

Highlights
  • Scan bills with photos
  • Assign items to individuals
  • Calculate who owes whom
  • Generate settlement reports
  • Share reports with friends
Features
Read full description

Your assistant to quick & fair bill splitting. The app calculates "who ate how much" and generates a report "who owes to whom?". Common situation: - A group of friends went on a week-long trip. They took turns paying the expenses, because it was more convenient. And they decided to settle up when they got home.... - After a wonderful evening with friends someone had to pay the bill. The payment was successful and everyone took a taxi. And you decided to settle up “later”... Fairsplit helps to settle up in this case. Just scan the bill with a photo, assign items to persons and choose who paid the bill. Then you will see a list of settlements — how much who owes to whom. You can share it with friends. *** Feel free to write me feedback about everything that embarrassed you and made you get stuck or, on the contrary, about what caused joy and positive user experience.

About

IOU

Effortlessly split bills with friends by scanning receipts. The app itemizes purchases, assigns them to individuals, and calculates each person's total including tip and tax. Avoid manual calculations and ensure fair payment among your group.

Highlights
  • Receipt scanning and itemization
  • Assign items to individuals
  • Automatic tax and tip calculation
  • Per-person total calculation
  • Eliminates manual bill splitting
Features
Read full description

IOU is the easiest way to scan receipts, itemize every purchase, and split group expenses accurately. Split what everyone actually ordered—no spreadsheets, no mental math, no awkward follow-ups. SCAN RECEIPTS. ASSIGN ITEMS. DONE. Take a photo of any receipt and IOU will automatically extract items, prices, and totals. Then tap through and assign each item to the right person. Perfect for dinners, trips, and shared purchases where everyone orders something different. ACCURATE SPLITS, EVEN INTERNATIONALLY Split expenses using items, equal splits, percentages, or exact amounts. IOU supports foreign currencies with real-world exchange accuracy using actual credit card charge rates. Region-aware calculations ensure tax and tip are handled correctly wherever you are. BUILT FOR GROUP EXPENSES Create groups for trips, dinners, roommates, and more. Customize groups with photos or curated artwork. Track all expenses in one place and view group insights and spending breakdowns. Settle up easily with Venmo & CashApp. POWERFUL RECEIPT FEATURES * Scan and automatically itemize receipts * Works with foreign receipts and translations * Assign items to individuals one by one * Upload and store receipts within groups * Share a clean breakdown with your group FLEXIBLE AND ORGANIZED * Import existing expenses from other apps * Export your data as CSV or PDF * Adjust settings based on your region * Customize the app with your preferred accent color WHY IOU MOST APPS SPLIT TOTALS. IOU SPLITS WHAT ACTUALLY HAPPENED. No more overpaying. No more chasing people. Just accurate, transparent group expenses. Terms of condition: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Screenshots

Fairsplit4 screens
IOU4 screens

Verdict

The call

The clearest difference is rating: Fairsplit at 4.8 against IOU's 4.4. Fairsplit also leads on review sentiment (80% vs 60%) and iOS requirement (13.0 vs 26.0). IOU's advantage is update cadence (fortnightly vs every 5 weeks). On price, ratings volume, ads and in-app purchases there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Fairsplit sells 1 one-off in-app purchase and IOU sells 5 in-app purchases, starting at $0.99 per month. Whichever you choose, the download price is not the number that matters.

ReceptionRating · Positive reviews · Number of ratings

Fairsplit holds the better App Store score, 4.8 against 4.4. Both are backed by a comparable volume of ratings — 24 and 17 respectively. Written reviews point the same way: 80% of Fairsplit's written reviews are positive against 60% of IOU's.

UpkeepUpdate frequency

Fairsplit ships an update every 5 weeks, IOU fortnightly. The most recent releases landed on September 21, 2026 and September 25, 2026 respectively.

Scorecard4 real differences · 6 level
Fairsplit versus IOU: the parameters behind the verdict, then further details
ParameterFairsplitIOU
PriceFreeFree
Rating4.8 (24 ratings) — better4.4 (17 ratings)
Positive reviews80.4% of reviews — better60.0% of reviews
Number of ratings24 — better17
Update frequencyEvery 5 weeksFortnightly — better
AdsNoNo
In-app purchasesYesYes
MonetizationFree with in-app purchasesFreemium
DevicesiPhone, iPad, iPodiPhone, iPad, Vision Pro
Requires iOS13.0 — better26.0
Further details — not scored
Size13 MB53 MB
Age rating4+4+
DeveloperRoman SilinEric Agredo

Customer experience

Fairsplit

All ratings24 ratings
Positive95.8%
Neutral0.0%
Negative4.2%
Written reviews56 reviews
Positive80.4%
Neutral1.8%
Negative17.9%

IOU

All ratings17 ratings
Positive76.5%
Neutral17.6%
Negative5.9%
Written reviews10 reviews
Positive60.0%
Neutral30.0%
Negative10.0%

In-app purchases

1 purchases

Fairsplit

One-time1
  • Full version$2.99
5 purchases

IOU

Subscriptions4
  • IOU Pro3 Days trial$0.991 Month
  • IOU Pro$2.991 Month
  • IOU Pro7 Days trial$6.991 Year
Show 1 more
  • IOU Pro7 Days trial$24.991 Year
One-time1
  • Lifetime IOU Pro$29.99

Questions

Is Fairsplit free?
Fairsplit is free to download, with in-app purchases available.
Is IOU free?
IOU is free to download, with in-app purchases available.
Which has better reviews, Fairsplit or IOU?
Fairsplit is rated higher. Fairsplit averages 4.8 out of 5 from 24 ratings, while IOU averages 4.4 from 17 ratings.
Do Fairsplit or IOU have ads?
Neither Fairsplit nor IOU shows ads.
Which is updated more often, Fairsplit or IOU?
Fairsplit ships an update every 5 weeks, and IOU fortnightly. Most recently, Fairsplit was updated on September 21, 2026 and IOU on September 25, 2026.

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