# MyPaymentVault vs Splitfolk

The clearest difference is review sentiment: Splitfolk at 100% against MyPaymentVault's 8%. Splitfolk also leads on rating (5.0 vs 1.4) and update cadence (daily vs monthly). MyPaymentVault's advantage is ratings volume (676 vs 1). On price, ads, in-app purchases and monetization model there is nothing between them.

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

Splitfolk holds the better App Store score, 5.0 against 1.4. That said, the two scores are not equally well evidenced: MyPaymentVault has 676 ratings behind it against 1, so its average is the more settled of the two. Written reviews point the same way: 8% of MyPaymentVault's written reviews are positive against 100% of Splitfolk's.

MyPaymentVault ships an update monthly, Splitfolk daily. The most recent releases landed on October 8, 2026 and September 27, 2026 respectively.

## The numbers

| Metric | MyPaymentVault | Splitfolk |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [1.4 (676 ratings)](https://appshunter.io/ios/app/mypaymentvault/id1469902432/reviews) | **[5.0 (1 ratings)](https://appshunter.io/ios/app/splitfolk/id6789954526/reviews)** |
| Number of ratings | **676** | 1 |
| Positive reviews | 7.8% of reviews | **100.0% of reviews** |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | Monthly | **Daily** |
| Monetization | Free | Free |
| Size | 42 MB | 4 MB |
| Requires iOS | 15.1 | **15.0** |
| Devices | iPhone, iPod | iPhone, iPod |
| Age rating | 12+ | 4+ |
| Developer | [North Lane Technologies, Inc.](https://appshunter.io/developer/1531869638) | [TAO CHEN](https://appshunter.io/developer/6789954528) |

## What reviewers say

### MyPaymentVault

[App page](https://appshunter.io/ios/app/mypaymentvault/id1469902432)

Manage your prepaid card on the go with this mobile application. View your balance, review transaction history, locate nearby ATMs, and activate your card. Enjoy a secure and seamless login experience with fingerprint authentication.

**Highlights:** Activate card, Display card balance, View transaction history, Locate in-network ATMs, Fingerprint authentication

**In-app purchases:** none

**What reviewers like**

- 🚀 Works fine
- 📊 Able to check balance

**What reviewers complain about**

- 🐛 App crashes/doesn't work
- 🤖 Poor customer service
- 💸 Unexpected fees/charges
- 🔒 Difficult to access funds
- 🔍 Inaccurate balance/transaction info

**Reported bugs**

- Login issues
- Registration problems
- Inability to update account information

**Requested features**

- Ability to transfer funds to bank account
- Improved transaction history and details


### Splitfolk

[App page](https://appshunter.io/ios/app/splitfolk/id6789954526)

Easily divide shared costs among friends and groups. This app simplifies expense tracking with options for equal or custom splits, clear settlement plans, and group record exports. It's designed for quick and hassle-free management of shared finances for trips, housing, or events.

**Highlights:** Create and manage groups, Record expenses with custom splits, View clear settlement plans, Support for recurring expenses, Export group records, Invite members via shareable link

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked questions

### Is MyPaymentVault free?

MyPaymentVault is free to download, with no in-app purchases.

### Is Splitfolk free?

Splitfolk is free to download, with no in-app purchases.

### Which has better reviews, MyPaymentVault or Splitfolk?

Splitfolk is rated higher. MyPaymentVault averages 1.4 out of 5 from 676 ratings, while Splitfolk averages 5.0 from 1 ratings.

### Do MyPaymentVault or Splitfolk have ads?

Neither MyPaymentVault nor Splitfolk shows ads.

### Which is updated more often, MyPaymentVault or Splitfolk?

MyPaymentVault ships an update monthly, and Splitfolk daily. Most recently, MyPaymentVault was updated on October 8, 2026 and Splitfolk on September 27, 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.*