Can You Save Money on Bank Costs by Automating Your Banking?
Cushion negotiates banking fees on your behalf, but the cost is high compared to competing services.
Nobody wants to pay bank charges. They are not only extremely costly, but they also seem to come at the most inconvenient moment possible.
Cushion AI (often known as Cushion) is a tool that can help you avoid these costs and possibly get your money back if you’ve already paid them.
In this Cushion Review, I’ll go through the service in detail, including my experience, potential expenses, and more.
What Is Cushion.Ai?
Cushion.Ai is a service that promises to help you save money on bank fees.
The company was founded in 2016 by two former bankers, Alex Pachulski and Stefan Carter.
The Cushion uses artificial intelligence (AI) to analyze spending patterns and pinpoint where you’re being charged fees.
Pros:
- Cushion.Ai can help you save money on bank fees.
- Two former bankers founded the company.
- The Cushion uses artificial intelligence (AI) to analyze your spending patterns.
Cons:
- The cost of the service is high compared to competing services.
- There is no free trial period.
Cushion At A Glance
Cushion founder and current CEO Paul Kesserwani were assisting his parents with their finances in 2016 when he discovered that they had been paying hundreds of dollars each year in banking fees. He discovered that Americans spend more than $200 billion daily on bank costs.
Cushion’s objective is to make it simpler for consumers to understand what bank costs they’re paying and refund money on fees they’ve already paid. The Cushion has aided customers in recouping over $12 million in banking and credit expenses since its inception.
Cushion Features Explained
Cushion.Ai’s primary feature is fee detection and negotiation.
The service uses artificial intelligence (AI) to examine your spending patterns and recurring charges.
If Cushion finds a charge that it believes incorrect, it will attempt to negotiate a refund on your behalf with the bank or company in question.
The Cushion also offers a feature called “Price Protection.”
If you sign up for Price Protection, Cushion will monitor the prices of items you frequently purchase and refund you the difference if the price drops.
The Cushion has a mobile app that allows you to track your expenses and see how much money you’ve saved with the service.
Fee Genius
Fee Genius is another feature of Cushion.
Fee Genius is a database of over 2,000 bank fees.
You can use Fee Genius to see how much you’re being charged in fees and compare the cost across different banks.
The Cushion also offers a concierge service.
If you need help with your finances but don’t want to use the automated features of Cushion, you can sign up for the concierge service.
A human, a financial expert, will work with you one-on-one to help you save money.
Fee Negotiation
Cushion will attempt to negotiate a refund on your behalf if it finds a charge that it believes to be incorrect.
The Cushion uses a combination of artificial intelligence (AI) and human expertise.
If you sign up for the concierge service, a human, financial expert will work with you one-on-one to help you save money.
Cushion Rewards
The Cushion offers a rewards program called Cushion Rewards.
With Cushion Rewards, you can earn cash back on purchases made with selected retailers.
There is no minimum amount you need to spend to qualify for Cushion Rewards, and there is no limit to the amount of cash back you can earn.
Rewards are paid out every quarter, and you can choose to receive your rewards in the form of a check, PayPal deposit, or bank transfer.
Cushion Pricing
The Cushion has a free trial period of 14 days. After the free trial, the service costs $14 per month or $99 per year.
A concierge service is also available for an additional cost of $39 per month, or $299 per year.
Cushion offers a money-back guarantee if you’re not satisfied with the service.
Cushion Vs. Trim
Cushion is similar to Trim, another service that uses artificial intelligence (AI) to help you save money.
Like Cushion, Trim can detect and negotiate fees on your behalf.
Trim also offers a concierge service, but the cost is lower than Cushion’s at $19 per month, or $99 per year.
Trim doesn’t offer a rewards program like Cushion, but it has a feature called Trim Savings, which helps you save money on recurring expenses.
Cushion FAQ
Is Cushion free?
Cushion has a free trial period of 14 days. After the free trial, the service costs $14 per month or $99 per year. A concierge service is also available for an additional cost of $39 per month, or $299 per year.
What is Cushion’s money-back guarantee?
Cushion offers a money-back guarantee if you’re not satisfied with the service.
How does Cushion compare to Trim?
Cushion is similar to Trim, another service that uses artificial intelligence (AI) to help you save money. Like Cushion, Trim can detect and negotiate fees on your behalf. Trim also offers a concierge service, but the cost is lower than Cushion’s at $19 per month, or $99 per year. Trim doesn’t offer a rewards program like Cushion, but it has a feature called Trim Savings, which helps you save money on recurring expenses.
How does Cushion make money?
Cushion makes money by charging a monthly or annual subscription fee. The company also earns interest on the money it holds in customer accounts.
Is the Cushion app legit?
Yes, the Cushion app is a legitimate way to save money. The app has been featured in major publications such as Forbes, Time, and The Wall Street Journal.
Is Cushion Right For You?
Cushion is a good fit for people who want to save money on recurring expenses, such as bills and subscriptions.
If you’re looking for a way to reduce the fees you’re paying, Cushion can help.
Cushion is also a good option if you want the convenience of having a human, financial expert help you manage your finances.
However, the service does come at a cost, so you’ll need to decide if the features and benefits are worth the price.
