How to Create an Albert Account without a Phone Number

Posted on 12/11/24 04:26 am

How to Create an Albert Account without a Phone Number

How to Sign Up for the Albert App Without Using Your Phone Number

Today, there are many apps for managing personal and family budgets. While they all operate on similar principles, they differ in their details. The Albert app stands out because it not only helps users manage their money but also provides answers to financial questions — for an additional fee.

What is the Albert app, and how can you sign up without compromising your private phone number? Let’s explore the key features of the app and its registration requirements.

What is the Albert App?

Albert is a financial app that helps users organize and manage their spending wisely. It helps you set a budget, plan your spending, save for short-term and long-term goals, and even invest. The founders of the service are two graduates of Columbia University, Yinon Ravid and Andrzej Baraniak. After graduation, they gained extensive experience in financial services.

The original goal of developing the Albert app was to provide affordable financial assistance to Americans who are struggling with money, teaching them how to effectively manage their finances and get financially educated. This made sense, as professional financial advisor services are often too expensive for the average American. Albert made this possible thanks to one of its key features — the built-in guidance chat with financial experts called "Geniuses." This service allows users to get answers to questions about savings, student loans, budgeting, and more.

The name "Albert" reflects the idea of a "smart, unassuming friend" who can always offer relatable advice on money management. When you sign up, you also receive a one-month free trial for the "Geniuses" chat.

The "Genius" chat is the core feature of the platform, but there are other useful functions as well. Let’s take a look.

Other Key Features of the Albert App

In addition to the Genius chat, the app became highly popular due to its cash advance feature called “Albert Instant.” This feature allows users to receive up to $250 for immediate needs. To access the cash, there’s no credit check. The app links directly to your bank account and uses your financial history (such as recurring income, gig pay, and government benefits) to determine the amount of cash you’re eligible to borrow.

The platform’s Terms of Service say it takes seconds to check the amount you’re approved for. After using the app for a month or two, you may be eligible to increase your borrowing limit. Once you’ve received the cash advance, the app sets up automatic repayment each payday to pay off your advance.

Additionally, the Albert app helps users save money by using gamification to encourage saving. You can top up a special savings account opened through Albert’s partner bank. The account is designed to discourage impulse spending, as you won’t be able to withdraw from it easily. You’ll earn just $0.25 per year on your savings, with the remaining amount stored in the partner bank’s account.

The app also provides a feature that lets you see all your subscriptions in one place, so you can cancel them anytime if needed. Smart alerts notify users if they’ve overspent in a given month or if any subscription prices have increased.

What About Fees on the Albert App?

The first fee you may encounter after completing the Albert bank signup is the express fee. If you need money immediately, you’ll pay a $6.99 fee. However, if you can wait a few days for the funds to appear in your account, you can skip the express fee. It is not mandatory. You may also be asked to leave an optional tip to help support the app, but this is entirely up to you. If you don’t have the funds or prefer not to, you can skip it.

The app doesn’t require a subscription, though it does offer a subscription for additional features like the Albert Geniuses chat. You get a one-month free trial when you first sign up.

Beyond that, there are no mandatory fees, and you won’t be charged any interest.

Think It Over Before Registering for the Albert App

According to some user reviews, not everything is perfect with the Albert app, especially for those using the cash advance feature. So before setting up an Albert account, it's wise to thoroughly check what other users are saying about the service.

Many reviews suggest that cash advance conditions have become more stringent in recent years. Earlier, users who needed a cash advance could repay it in installments. Now, however, after receiving a cash advance, users often report difficulties withdrawing money and have found that the app automatically debits around $15 per month from their bank account. Additionally, some users claim that even after paying off their cash advance, the app still charges for the monthly "Genius" subscription, even if they didn’t sign up for it. Furthermore, you can’t close your account or unlink your bank card while there are funds in your investment account.

However, if you’ve weighed the pros and cons and still want to create an Albert account, be aware that you must provide a phone number during registration. If you prefer not to share your real phone number, you have the option of using a virtual number instead.

How to Sign Up for the Albert App Without Using Your Phone Number

If you don’t want to compromise your actual phone number when signing up for the Albert app (or any other platform), consider using a temporary virtual phone number. These numbers don’t require proof of identity and allow you to remain anonymous. They are also not tied to any specific device or physical location.

By using a temporary virtual number, you can maintain a high level of privacy and avoid being tracked online. This is important, as many websites collect as much user data as possible, allowing them to track your activity across the internet.

Temporary virtual numbers from SMSOTPVerify can help protect your privacy and online identity. When used with a VPN, these numbers can also help you access platforms that may be blocked in your region. They are also useful if you need to register multiple accounts, each with a unique phone number.

Here’s how to obtain a disposable virtual phone number for Albert using SMSOTPVerify:

  1. Register at SMSOTPVerify with your email — or sign up via Gmail.
  2. Replenish your balance through bank transfer or one of the available payment systems.
  3. Go to the “Receive SMS” tab, select the required country, and click "Purchase."
  4. Copy the phone number for Albert from the “History” section.
  5. Use the number to register with Albert.
  6. Return to SMSOTPVerify and click “Get SMS” to receive the verification code.
  7. Enter the code into the Albert app to complete the registration.

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