Cancel Unwanted Subscriptions

Between unused and barely used subscriptions, most of us have unwanted subscriptions coming out of our wallet every month, and we’re ready to cut it out. We help make it easy to identify and cancel unwanted memberships.

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How does an app to cancel subscriptions work?

Subscription cancellation apps scan your bank and email accounts to identify recurring charges, then help you cancel unwanted subscriptions by either completing the cancellation process for you, or by providing step-by-step guidance to do it yourself.

For example, when you connect your bank account in the MoneyLion app, you’ll get a handy insight card each month with your tracked subscriptions and exactly how much is going to them each month. It takes no extra work—you just set it and can review at any time.

Here’s some of the common ways subscription cancellation apps help you save money:

Canceling utilities: Some apps help you compare and switch utility providers for better rates.

Pro tip: Keep more money in your pocket every month with Billshark! Negotiate lower rates on your service bills.

Canceling phone bills: Similarly, some apps evaluate your phone plan and suggest cheaper alternatives, or find deals to negotiate better rates.

Not overpaying for subscriptions: Sometimes, subscriptions become costly not because you aren’t using them—but because the prices jump up. A subscription manager can compare your subscription prices to market rates and alert you when prices increase.

MoneyLion makes managing subscriptions easy for you

At MoneyLion, we’re all about ways to make your money easier. One of those ways: helping you find and cancel unused subscriptions.

Here’s how to get started:

Once you’ve created a MoneyLion account, link your existing bank account.
Make your regular purchases as usual! Sometimes it takes a full month to gather the big picture of what your spending looks like.
Head to your Accounts tab in the app, scroll down to “My Accounts” and you’ll see a spending breakdown, complete with insights on your subscriptions for that month.
Evaluate your subscription charges. Any that you don’t want anymore? Head to that service’s app or account page, and cancel.

And there you go! More money in your pocket—no need to go trudging through your bank statements or emails to figure it out.

It’s not always easy to say goodbye to a subscription, but MoneyLion makes it simpler to get a birds-eye view of your spending habits. Plus, you can learn more tips to save money and build for the future in the app.

Benefits of a subscription management app

The reason why many are turning to an app to cancel subscriptions is that it takes a lot of the heavy lifting out of your hands. No more manually pouring over bank statements or your email inbox. The goal? You gain better visibility and control over your monthly expenses, and end up saving money in the long run.

Automatic subscription detection: Subscription managers work by continuously monitoring your accounts to find all recurring charges, including those easily forgotten or hidden in your statements. It catches everything from streaming services to gym memberships without manual tracking.
Money-saving features: Get instant notifications when prices increase, find better deals on similar services, and receive alerts before free trials end. MoneyLion’s Smart Budget feature shows your total subscription spending, helping you get the birds-eye view overall so you can make informed decisions about which services are worth keeping.
Simplified management: Logging into each and every account takes time. That’s why MoneyLion collects all your subscriptions we detect in one dashboard, instead of juggling multiple accounts. Some apps even allow you to cancel unwanted services with just a few clicks, and track upcoming renewal dates to avoid surprise charges.
Spending insights: Many subscription managers offer clear breakdowns of your subscription costs by category (like by food delivery or streaming services), helping you understand where your money goes each month.
Security protection: Another feature of an app to cancel subscriptions is that it can alert you to suspicious or duplicate charges, helping protect you from subscription scams and billing errors.

How to find all my subscriptions

Off the top of your head, think about whether you subscribe to watch shows, order your fave brands, listen to music, or use software like Microsoft 365 or Adobe Creative Suite. 72% of Americans are subscribed to a delivery service, like Amazon, and over 90% of Americans are subscribed to at least one streaming service (Netflix, Hulu, etc.).

The list can go on—from dating, to groceries, to gaming or cloud storage, we use subscriptions for nearly every part of our lives.

So how can you track down each and every subscription?

Use a subscription management app: Link your bank accounts to an app, like MoneyLion which will compile all your recurring payments into an organized dashboard, making it easy to spot every subscription you're paying for.

Review bank & credit card statements: Log into your online banking accounts and carefully examine the last 3 months of statements. Make note of any charges that appear regularly, whether monthly or annually. These recurring payments often indicate active subscriptions.

Check your email accounts: Search through your inbox using keywords like "subscription," "receipt," or "billing." Pay special attention to confirmation emails from common subscription services like Netflix or Spotify. Don't forget to check your app store subscriptions through Apple or Google Play.

How to cancel unwanted subscriptions

After finding all of your subscriptions, the next step is to ask yourself: is this something I really want to keep paying for? Remember, $10 a month doesn’t seem like a lot, but it adds up, and if you’re not really enjoying what you’re getting, it might be a money pit.

Here’s how to start canceling unwanted subscriptions:

Gather your subscription information: Make a list of the services you want to cancel, including your account login details, membership numbers, and any contract terms. Check if you're still under any minimum commitment periods or if there are cancellation fees to consider. This is more common with gym membership or software services than other types of subscriptions.

Contact each service directly: Visit each service's cancellation page or log in and check your account settings. Many streaming services offer direct cancellation through their websites, while others may require a phone call or email. Take screenshots of your cancellation confirmations and note the date you canceled.

Monitor your accounts: Check your bank statements for the next two billing cycles to ensure the cancellations went through. Some companies might still try to bill you, so watch for any unauthorized charges. If you spot continued charges, contact your bank to dispute them and block future payments.