# IOU vs TipSplit IQ

The clearest difference is in-app purchases: TipSplit IQ at none against IOU's 5. TipSplit IQ also leads on iOS requirement (17.0 vs 26.0). IOU's advantage is device support (3 vs 1). On price, update cadence and ads there is nothing between them.

Both are free to download. IOU sells 5 in-app purchases, starting at $0.99 per month. TipSplit IQ asks for nothing beyond the download.

IOU ships an update fortnightly, TipSplit IQ every 3 weeks. The most recent releases landed on October 11, 2026 and October 5, 2026 respectively.

## The numbers

| Metric | IOU | TipSplit IQ |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.4 (17 ratings)](https://appshunter.io/ios/app/iou-split-receipts-and-expense/id1589968294/reviews)** | — |
| Number of ratings | **17** | — |
| Positive reviews | 60.0% of reviews | — |
| In-app purchases | Yes | **No** |
| Ads | No | No |
| Update frequency | **Fortnightly** | Every 3 weeks |
| Monetization | Freemium | — |
| Size | 53 MB | 2 MB |
| Requires iOS | 26.0 | **17.0** |
| Devices | **iPhone, iPad, Vision Pro** | iPhone |
| Age rating | 4+ | 4+ |
| Developer | [Eric Agredo](https://appshunter.io/developer/1475112741) | [Xinzhou Liu](https://appshunter.io/developer/1797853405) |

## 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 |


### TipSplit IQ

[App page](https://appshunter.io/ios/app/tipsplit-iq/id6747277539)

**Features:** macOS Compatibility

**In-app purchases:** none


## Frequently asked questions

### Is IOU free?

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

### Is TipSplit IQ free?

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

### Do IOU or TipSplit IQ have ads?

Neither IOU nor TipSplit IQ shows ads.

### Which is updated more often, IOU or TipSplit IQ?

IOU ships an update fortnightly, and TipSplit IQ every 3 weeks. Most recently, IOU was updated on October 11, 2026 and TipSplit IQ on October 5, 2026.

---

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