6 Tools to Help Consumers Manage Their Money
With the start of a new year has come a flurry of personal financial management (PFM) announcements to whip banking customers into better financial health. (Image: Thinkstock)
Regions Bank rolled out PFM tools from Geezeo to its online banking customers in January. To tease the new capabilities, like account aggregation and transaction categorization, the Birmingham, Ala.-based bank provided customers with pie charts of their transactions on their online banking home page.
Generations Bank out of Seneca Falls, N.Y. announced new mobile apps that include the ability to aggregate outside financial accounts and add tags, notes or photos to transactions.
Citi views the smaller details of online and mobile banking design as sometimes more important than being first with a feature set. One example: darkening the color of the internal scroll bar so that customers can better see their full account information.
ImpulseSave, a Boston-based personal finance company, debuted an app designed to encourage online shoppers to abandon whimsical Amazon purchases in order to transfer money into their pre-established savings goals.
Star Financial Bank out of Indiana rolled out PFM tools from MoneyDesktop.
Banks and startups are creating tools that provide visual estimates of account balances for a certain period of time ahead based on items on the user's calendar data, such as upcoming bills.
With the start of a new year has come a flurry of personal financial management (PFM) announcements to whip banking customers into better financial health.