Read on the device
PDFs and photos are turned into text on the phone, and the transactions are picked out there too. The printed totals are checked line by line, so a misread is caught rather than hidden.
Statements and bills, read on your iPhone
Your statements, understood.
Drop in a bank statement or a bill. Penny Drops reads it on the phone, checks it against the printed totals, and shows what you earned, spent, shared and have left. Nothing is uploaded, ever.
Free for personal use
No account, no ads
Works offline
iPhone 15 Pro or later
Privacy
Nothing leaves your phone.
Your statements are read by Apple's on-device model, on your iPhone. There is no Penny Drops account, no server and no analytics. The app works with the internet switched off.
Online lookups are off by default
Logos, shop pins on a map and crypto wallet balances are optional extras. When you turn one on, it sends only what it needs: a bank's website name, a shop name and town, or a wallet address. Never an amount, a name or an account number.
Your backup is a file you hold
Export an encrypted backup with a passphrase you choose, keep it where you like, and restore it on a new phone. No cloud copy is made unless you make one.
What it does
From a statement to a month you can read.
Import a statement or a bill
A PDF, a photo or a camera scan. Bank, card, savings, investment and broker statements; utility bills with their payment plan. Imports carry on in the background with a Live Activity.
Checked against the printed totals
Each statement is reconciled to its own money in, money out and closing balance. Gaps between statements, duplicate pages and rows the reader was unsure of are listed until you've looked.
Your month, your household, your trends
Left over this month, what's shared with your partner, which bills have gone up, what's still to come, and a net worth that includes your home.
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Personal and Family
Two views of the same money: what's yours, and the household's mortgage, bills, food shopping, children and holidays, with your share against your partner's.
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Shared bills that reconcile themselves
Say a bill is half with someone. Their repayments are matched to the bills they cover, so "owes you" is explained, not guessed.
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Cost of living
Regular payments that went up or down, and the places you keep going back to: a dearer visit at the same pace points to prices, more visits to habit.
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Documents to hand
Every statement and bill you import is kept, by account and newest first. Proof of address is two taps: open the bill, share it.
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Bills from the bill itself
Import a water or energy bill and the app reads the account, the period, the total and the payment schedule, then watches for each payment.
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Net worth, budgets, tax year
Cash, investments, crypto, your home and what you owe in one figure. Budgets with a pace line. A tax year pack with interest and dividends as a CSV.
Household
The bills you share, in one place.
Your partner's statements aren't in the app, and they don't need to be. Tell Penny Drops which bills are shared, or which ones they pay and you send your half of, and the household picture builds itself from your side.
- Mortgage, council tax, water, energy and the TV licence, with who pays what and whether this month's payment is in.
- A bill only you pay stays off the Family tab. A bill someone else pays, with your share going to them, counts in full.
- "Still to come this month" lists what's due, including your share of bills paid by someone else.
Cost of living
Know what went up, and whether it was the price or you.
Every regular payment is compared with where it was: a year ago when there's enough history, or when it was first seen. The ones that creep up step after step are called out.
- For the coffee shop, the train and the places you eat, the last six months are set against the months before: what a visit costs, and how often you go.
- Import a contract or a price plan and the app watches for any charge above the agreed price.
- Spend by kind, a month, now against before.
When a statement won't read
Send the layout, never the data.
Banks lay statements out in hundreds of ways. If yours doesn't read cleanly, Penny Drops can make an anonymised layout report to help support for your bank get added.
- Every amount, name, merchant and account number is replaced by x's of the same length. Only the shape of the page and the bank's own column labels remain.
- You see exactly what will be sent before you share it, from the Statement page.
- Until then, every row the reader was unsure of is listed under Import review, with the printed line beside it, so you can correct it in place.
Statement Date Description Money out Money in Balance
xxxxxxxxx xx xxx xxxx xx xxxxxxxxxx xxxxxx xxx.xx xxxxx.xx
xx xxx xxxx xxx xxxxxx xxxxx xxx xxxxx.xx xxxxx.xx
xx xxx xxxx xxx xxxxxx xxxxxxx xxxxxxx xxx.xx xxxxx.xx
xx xxx xxxx xx xxxxx xxxxx xx.xx xxxxx.xx
Totals xxxxx.xx xxxxx.xx
Closing balance xxxxx.xx
Price
Free for personal use.
No subscription, no advertising, and nothing of yours to sell, because nothing of yours ever reaches us. Penny Drops is built for one household at a time.
£0for personal use
Needs: an iPhone with Apple Intelligence (iPhone 15 Pro or later) on iOS 26.
Reads today: HSBC current, savings, mortgage, credit card and investment statements, Moneybox, Trading 212, and UK water, energy, broadband, council tax and insurance bills. More banks arrive as layout reports come in.
Questions
Before you ask.
Does it connect to my bank?
No. There is no Open Banking link and no login to any bank. You give it the statements your bank already gives you, as PDFs or photos, and it reads them on the phone.
How do I know the numbers are right?
Each statement is checked against its own printed totals and closing balance. Anything that doesn't add up is flagged on the statement and on the Home screen, and every row the reader was unsure of is shown next to the printed line for you to confirm or correct.
What exactly can go online?
Only the extras you switch on. Merchant and bank logos send a website name to Google's icon service. Shop pins send a merchant name and town to Apple Maps. A crypto wallet sends its public address to a block explorer and fetches prices. Statements, transactions, balances, names and account numbers never leave the phone.
Can I get my data out?
Yes: a tax year CSV of interest and dividends, a PDF report, and an encrypted backup you can restore on another iPhone. Every imported PDF is kept and can be shared from the Documents screen.
Will my partner's spending be in it?
Only what touches your accounts: their card on your bill, their repayments to you, and the bills you've told the app they pay. Their own statements aren't needed for the household view to work.
Why does it need a recent iPhone?
The reading is done by Apple's on-device model, which runs on iPhone 15 Pro and later. That requirement is what keeps everything on the phone.