# Fairsplit vs IOU

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.

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.

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.

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

## The numbers

| Metric | Fairsplit | IOU |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.8 (24 ratings)](https://appshunter.io/ios/app/fairsplit-split-the-bill/id1463622575/reviews)** | [4.4 (17 ratings)](https://appshunter.io/ios/app/iou-split-receipts-and-expense/id1589968294/reviews) |
| Number of ratings | **24** | 17 |
| Positive reviews | **80.4% of reviews** | 60.0% of reviews |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | Every 5 weeks | **Fortnightly** |
| Monetization | Free with in-app purchases | Freemium |
| Size | 13 MB | 53 MB |
| Requires iOS | **13.0** | 26.0 |
| Devices | iPhone, iPad, iPod | iPhone, iPad, Vision Pro |
| Age rating | 4+ | 4+ |
| Developer | [Roman Silin](https://appshunter.io/developer/975493752) | [Eric Agredo](https://appshunter.io/developer/1475112741) |

## What reviewers say

### Fairsplit

[App page](https://appshunter.io/ios/app/fairsplit-split-the-bill/id1463622575)

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:** macOS Compatibility

**In-app purchases (1)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Full version | $2.99 | one-time |


### IOU

[App page](https://appshunter.io/ios/app/iou-split-receipts-and-expense/id1589968294)

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:** Family Sharing

**In-app purchases (5)**

| Purchase | Price | Billing |
| --- | --- | --- |
| IOU Pro | $0.99 | per month |
| IOU Pro | $2.99 | per month |
| IOU Pro | $6.99 | per year |
| IOU Pro | $24.99 | per year |
| Lifetime IOU Pro | $29.99 | one-time |


## Frequently asked 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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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*