Is NerdWallet safe? 8 Tips to use it securely in 2025

NerdWallet is one of the most popular platforms for comparing credit cards, loans, and other budgeting tools. But in the financial world, popularity does not equal data safety. So, is NerdWallet legit, or should you be cautious?

If you are looking to compare smart money solutions and learn about money management, then yes, NerdWallet is absolutely worth it. Just remember to stay mindful of data sharing.

To be honest, personal finance apps are everywhere these days. And while money management resources provide convenience, one might ask: Can I trust them with my personal and finance-related information? If you are considering using NerdWallet in 2025, you are probably wondering the same thing.

In this blog, you will learn how NerdWallet works. Is NerdWallet safe? And most importantly, how you can use it securely without putting your data safety at risk, we will show you 8 tips for safe NerdWallet use.

What is NerdWallet, and how does it work?

NerdWallet is a personal finance platform that helps you make smarter money decisions. Think of it as a comparison engine for all finance-related things, insurance and loans, or banking and investing.

NerdWallet helps you manage money, whether you are saving or investing, taking out a student loan, etc. It is all about helping you grow your money and find the right finance tools so that you are more in control of your finances.

Here is how it works:

• You sign up on NerdWallet with your email or Google account and enter some basic info about your income, spending, goals etc.
• Based on your profile, NerdWallet offers personalized recommendations for credit cards, loans, savings accounts, and more.

It does not manage your money directly, similar to a bank or budgeting app. Instead, it connects you to third-party financial products and gives you insights based on your profile.

Is NerdWallet a legit company or a scam?

In short, yes, NerdWallet is a legitimate platform. NerdWallet was founded in 2009 and is a Nasdaq publicly traded company (ticker symbol: NRDS). It’s headquartered in San Francisco and has over 700 employees; it is NOT a scam company.

NerdWallet’s idea is to provide you with personal finance choices, so it partners with some of the biggest money brands, American Express, Capital One, and Wells Fargo.

There are no major fraud scandals or lawsuits that smudge its image. And with millions of users trusting it every month, the numbers do speak for themselves.

However, just because a company is legitimate does not mean that it is perfect. NerdWallet does not directly handle your bank account, but it does collect data that you provide. This means you still need to be smart about how you use the platform.

How safe is NerdWallet?

Data safety is a big deal when handling anyone’s personal and money-related information, and NerdWallet takes that seriously. No platform is 100% immune to risks, and therefore, NerdWallet puts many security measures in place to keep your data protected. Some of these measures are as below:

• Encryption: Your data is encrypted by NerdWallet both in its transit and at rest.
• Secure login: as much as two-factor authentication (2FA) can be annoying to some, NerdWallet uses 2FA to add a second layer of security.
• Third-party security audits: As a large financial tech company, NerdWallet undergoes regular audits and compliance checks.

However, one needs to understand that NerdWallet is not a bank; it is a financial resources comparison platform. This means that it does not hold your money or offer FDIC insurance. So, while it is safe in terms of protecting your information, always be aware of what you are sharing and why.

How does NerdWallet make money?

NerdWallet follows an affiliate model from money-related products they write about. That means when you sign up for a credit card, mortgage, or account through one of NerdWallet’s links, they will earn a commission from the provider.

Here’s a simple breakdown:

• You browse and compare banking and budgeting services.
• You click and apply for one through NerdWallet.
• If approved, NerdWallet may receive a referral fee.

Interestingly, NerdWallet claims that this does not affect how they rank or recommend products. Their editorial team is separate from the business side to maintain objectivity, but for any business, profit is still a motivator.

8 Safety tips to use NerdWallet in 2025

NerdWallet is superb at managing your finances but similar to any money management app, it is important to use it wisely. A few extra steps on your end can really keep your data safe and brain stress-free.

Here are 8 essential tips to help you stay secure while using NerdWallet:

1. Use two-factor authentication (2FA): Always enable it to prevent unauthorized access. It adds another layer of protection, even if someone has your password.
2. Limit data sharing in NerdWallet: NerdWallet lets you control what data you share. Check your settings and keep it minimal unless there is a real benefit to linking more.
3. Never use public Wi-Fi: Avoid accessing your NerdWallet account on open or public networks. They are easy targets for hackers.
4. Review account permissions: Only link the accounts you absolutely need to. Do not give NerdWallet access to any finance related data you do not intend to use on the platform.
5. Log out when not in use: Especially important if you are on a shared or work computer. Better safe than sorry.
6. Keep software updated: Always update your browser, apps, and antivirus tools. Outdated software, especially wealth related apps, can be an open door for cyber threats.
7. Watch out for scam emails “From NerdWallet”: Always double-check the sender’s email address. Scammers often impersonate trusted brands, so if anything looks off, do not click!
8. Hide data traffic via VPN: A VPN adds a layer of privacy, especially when you are managing sensitive info. It masks your online activity and keeps prying eyes out.

These are small actions, but together, they can keep your money related personal data safe while using NerdWallet.

Why should you use a VPN for secure online banking?

Many users might still wonder why use a VPN for online banking apps like NerdWallet?

The answer is simple: VPNs (Virtual Private Networks) protect your identity, encrypt your data, and reduce the risk of online fraud. If you are entering sensitive financial details or even just viewing your credit score, a VPN ensures that information stays private.

Most people overlook this, but using a VPN is the best ways for your online security.

When you access any money management site through public Wi-Fi (at a cafe or airport), you risk exposing your data to cyber criminals. A strong VPN like EonVPN encrypts your connection and makes it much harder for hackers to snoop.

Even at home, a VPN becomes a protective layer against potential ISP tracking or browser fingerprinting. If you value privacy and data safety, a VPN is non-negotiable

Is NerdWallet safe to give Social Security Number?

NerdWallet does not usually require your Social Security Number (SSN) however, there are exceptions. If you are using tools that involve credit score monitoring or pre-qualified loan offers, you might be asked for your SSN.

So, should you give it?

Only if:

• You are using a secure, private internet connection.
• You have enabled two-factor authentication.
• You understand why they are asking for it and how it will be used.

If you are even slightly unsure, skip that feature or contact their support for clarification.

Conclusion

So, is NerdWallet legit? Without a doubt.

Is it perfectly safe? Yes, but only if you are smart about it.

In 2025, money may be digital, but your security should be rock-solid. Therefore, using financial apps means taking charge of your own digital data safety.

NerdWallet offers value and convenience, and is a great personal budgeting and finance tool. Just make sure you combine it with good habits of creating strong passwords and being aware of your online privacy. And Yes, using a solid VPN like EonVPN.

FAQs

Is NerdWallet free?

Yes! NerdWallet is completely free to use. You do not pay to browse, sign up, or access its tools. They make money through affiliate partnerships, not user subscriptions.

Can I trust NerdWallet on my bank account?

While NerdWallet does not directly access your bank account, it may ask for read-only access if you link accounts for budget tracking. It uses bank-grade encryption, but if you are not comfortable, you can skip linking and use the platform passively.

What is the best security for online banking?

Here’s your security checklist:

• Use a VPN like EonVPN.
• Enable 2FA.
• Use strong, unique passwords.
• Keep your device software updated.
• Avoid public Wi-Fi.
• Keep strong passwords.

Combine these, and you are on your way to data-safe online banking.

Does NerdWallet use your data for ads?

NerdWallet may use anonymized data to personalize recommendations, but it does not sell your personal information to third-party advertisers. Still, always check their privacy policy for updates.