# IOU vs Split expenses

IOU and Split expenses both sit at 4.4 stars, but that hides the real split: 100% of Split expenses's written reviews are positive against 60% of IOU's. Split expenses also leads on iOS requirement (17.0 vs 26.0). IOU's advantage is update cadence (fortnightly vs monthly) and ratings volume (18 vs 3). On price, rating, ads and in-app purchases there is nothing between them.

Both are free to download. IOU sells 5 in-app purchases, starting at $0.99 per month and Split expenses sells 3 in-app purchases, starting at $0.99 per month. Whichever you choose, the download price is not the number that matters.

On the App Store both sit at effectively the same score — 4.4 for IOU against 4.3 for Split expenses. That said, the two scores are not equally well evidenced: IOU has 18 ratings behind it against 3, so its average is the more settled of the two. Written reviews are what separate them: 60% of IOU's written reviews are positive against 100% of Split expenses's.

IOU ships an update fortnightly, Split expenses monthly. The most recent releases landed on October 24, 2026 and October 12, 2026 respectively.

## The numbers

| Metric | IOU | Split expenses |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.4 (18 ratings)](https://appshunter.io/ios/app/iou-split-receipts-and-expense/id1589968294/reviews)** | [4.3 (3 ratings)](https://appshunter.io/ios/app/split-expenses-bill-share/id6478914904/reviews) |
| Number of ratings | **18** | 3 |
| Positive reviews | 60.0% of reviews | **100.0% of reviews** |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | **Fortnightly** | Monthly |
| Monetization | Freemium | Freemium |
| Size | 53 MB | 12 MB |
| Requires iOS | 26.0 | **17.0** |
| Devices | **iPhone, iPad, Vision Pro** | iPhone, iPad |
| Age rating | 4+ | 4+ |
| Developer | [Eric Agredo](https://appshunter.io/developer/1475112741) | [Jorge Romanos](https://appshunter.io/developer/1661169612) |

## What reviewers say

### 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 |


### Split expenses

[App page](https://appshunter.io/ios/app/split-expenses-bill-share/id6478914904)

Easily track and share expenses with others, whether for trips or shared living. The app helps you organize who owes what and provides simplified settlement options. It also supports recurring bills and offline use.

**Highlights:** Share expenses with groups, Create expense groups, Manage recurring bills, Simplified settlement options, View independent payments, Expense history, iCloud synchronization, Offline mode

**Features:** macOS Compatibility, Family Sharing

**In-app purchases (3)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Monthly Pro | $0.99 | per month |
| Annual Pro | $8.99 | per year |
| Lifetime Pro | $14.99 | one-time |


## Frequently asked questions

### Is IOU free?

IOU is free to download, with in-app purchases available.

### Is Split expenses free?

Split expenses is free to download, with in-app purchases available.

### Which has better reviews, IOU or Split expenses?

IOU is rated higher. IOU averages 4.4 out of 5 from 18 ratings, while Split expenses averages 4.3 from 3 ratings.

### Do IOU or Split expenses have ads?

Neither IOU nor Split expenses shows ads.

### Which is updated more often, IOU or Split expenses?

IOU ships an update fortnightly, and Split expenses monthly. Most recently, IOU was updated on October 24, 2026 and Split expenses on October 12, 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.*