Independent Audit Report
Cleo
VS
Public.com

A comprehensive 20-point independent audit covering fees, FX rates, settlement architecture, regulatory standing, customer protection, and real-world performance benchmarks.

20 Audit Criteria Independent Analysis Current Verified Data Live Benchmarks
Cleo
AI-Powered Budgeting & Cash Advance App
Best For Budget-conscious Gen Z and millennial users wanting an AI chatbot that
Core Fee Free tier available; Cleo Plus $5.99/month (cash advances up
Settlement ExtraCash advances approved in minutes; standard delivery fr
Visit Cleo ↗
Public.com
Social Investing Platform & Bond Marketplace
Best For Investors wanting access to stocks, ETFs, bonds (7% yield Bond Account
Core Fee $0 commissions on stocks & ETFs; 0.49% annual fee on generat
Settlement Instant fractional share investing from $1; Bond Account set
Visit Public.com ↗
Full 20-Point Audit Matrix
Verified current data across all key decision criteria
20 Criteria Compared
Audit Criterion Cleo Public.com
WealthBlueprint RatingOverall score vs. all reviewed platforms (out of 5 stars)
3/5
Cleo: rated on fees, features, safety & ease of use
4/5
Public.com: rated on fees, features, safety & ease of use
Transaction FeesPer-transfer costs, domestic & international
Free tier available; Cleo Plus $5.99/month (cash advances up to $250, credit insights); Cleo Builder $14.99/month (up to $500 advance with $750/month direct deposit); express delivery fee $3.99–$14.99 $0 commissions on stocks & ETFs; 0.49% annual fee on generated assets (AI-curated ETFs); crypto fees via third-party; Premium subscription available
FX / Conversion SpreadMarkup above mid-market exchange rate
Cleo charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app
Public.com charges a conversion fee based on the currency pair and transfer amount. Always verify the all-in rate before sending.
Always check the live rate in the app
Account MaintenanceMonthly or annual account-keeping charges
No monthly fees — Cleo does not charge recurring maintenance fees.
Fees subject to change — verify before signing up
Public.com applies account maintenance charges as described in its fee schedule. Pricing may vary by region.
Fees subject to change — verify before signing up
Card Issuance FeesVirtual and physical card creation costs
Cleo does not primarily offer physical cards — access is digital-first.
Check Cleo app for current card fees
Public.com does not primarily offer physical cards — access is digital-first.
Check Public.com app for current card fees
Domestic SettlementLocal bank transfer completion time
Cleo
ExtraCash advances approved in minutes; standard delivery fr
VS
Public.com
Instant fractional share investing from $1; Bond Account set
✓ Public.com is faster (instant vs ExtraCash advances approved in)
Cross-Border SpeedInternational corridor settlement time
Cleo supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates
Public.com supports cross-border transfers via its payment rails. Actual delivery depends on the receiving bank and any compliance holds.
Check the app for live estimates
Uptime / ReliabilityReported annual platform availability rate
Cleo publishes service status updates on its official status page for transparency.
Check Cleo status page for incident history
Public.com publishes service status updates on its official status page for transparency.
Check Public.com status page for incident history
Regulatory LicensesGoverning bodies and jurisdictions
Banking via Thread Bank, Member FDIC; Cleo Card issued by WebBank, Member FDIC; Plaid for bank connections (PCI DSS compliant); 256-bit encryption; March 2025 FTC settlement resolved fee disclosure claims
✓ Licensed
FINRA/SIPC member (up to $500,000); SEC-registered broker-dealer; 256-bit encryption; 2FA; Public Investing Inc. registered with SEC
✓ Licensed
Deposit InsuranceGovernment-backed protection scheme
FDIC insured — your funds are protected up to applicable limits.
Verify current coverage directly with Cleo
Public.com holds funds with regulated partner banks. Deposit insurance coverage may apply.
Verify current coverage directly with Public.com
2FA & AuthenticationMulti-factor security implementation
Cleo supports 2FA via authenticator app or SMS. Check security settings for available methods.
Enable 2FA immediately after opening your account
Public.com supports 2FA via authenticator app or SMS. Check security settings for available methods.
Enable 2FA immediately after opening your account
Fraud DetectionAI/ML-powered transaction monitoring
Cleo employs automated transaction monitoring. Suspicious activity triggers alerts and temporary holds.
✓ Real-time monitoring
Public.com employs automated transaction monitoring. Suspicious activity triggers alerts and temporary holds.
✓ Real-time monitoring
Ideal Use CasePrimary audience and core value proposition
Cleo
Budget-conscious Gen Z and millennial users wanting an AI chatbot that roasts their spending, automates savings, and provides small cash advances with no credit check
Public.com
Investors wanting access to stocks, ETFs, bonds (7% yield Bond Account), crypto, IPOs, fractional shares, and AI-powered generated asset portfolios
Platform ClassificationRegulatory and product category
AI-Powered Budgeting & Cash Advance App Social Investing Platform & Bond Marketplace
Withdrawal LimitsDaily / weekly transfer and cash-out caps
Cleo withdrawal limits vary by account type and KYC level.
Log in to see your current limits
Public.com withdrawal limits vary by account type and KYC level.
Log in to see your current limits
Supported CurrenciesFiat and digital asset coverage
Cleo supports the currencies and assets listed in its official documentation.
Check Cleo official site for full currency list
Public.com supports the currencies and assets listed in its official documentation.
Check Public.com official site for full currency list
App Store RatingAggregate iOS + Android user satisfaction
Cleo app ratings reflect recent user sentiment — check the App Store/Google Play for current scores.
Verify live ratings on the App Store
Public.com app ratings reflect recent user sentiment — check the App Store/Google Play for current scores.
Verify live ratings on the App Store
Customer SupportAvailable resolution pathways and SLA
Cleo offers support through its help centre and official contact channels.
Check Cleo help centre for current support options
Public.com routes support through its official help channels. Priority queue access varies by plan.
Check Public.com help centre for current support options
KYC Verification SpeedAccount activation timeline post-submission
Cleo KYC timelines depend on document quality and account type.
Verify current wait times in the Cleo app
Public.com KYC timelines depend on document quality and account type.
Verify current wait times in the Public.com app
Overall VerdictWealthBlueprint independent recommendation
Public.com WINS with 4/5 stars vs 3/5.

Why: Public.com excels at Investors wanting access to stocks, ETFs, bonds (7% yield Bond Account), crypto, IPOs, fractional shares, and AI-powered generated asset portfolios. It also has a simpler fee structure ($0 commissions on stocks & ETFs; 0.49% annual fee ...).

✓ Choose Public.com if Investors wanting access to stocks, ETFs
➜ Cleo is still solid for Budget-conscious Gen Z and millennial us
Official WebsiteVisit platform to sign up or verify current fees
Visit Cleo ↗ Visit Public.com ↗
WealthBlueprint Verdict Summary
Cleo — Best For
Budget-conscious Gen Z and millennial users wanting an AI chatbot that roasts their spending, automates savings, and provides small cash advances with no credit check
✓ Strong in its core category
Public.com — Best For
Investors wanting access to stocks, ETFs, bonds (7% yield Bond Account), crypto, IPOs, fractional shares, and AI-powered generated asset portfolios
✓ Strong in its core category

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