Managing personal finances can often feel like a complex and overwhelming task. However, with the advent of modern technology, individuals now have access to powerful tools that can simplify their financial management and provide valuable insights. One such tool is my personal finance management app, „MoneyStats.“ In its latest development, MoneyStats is introducing an exciting new feature that allows users to connect their app with their online bank account. This integration opens up a world of advantages and highlights that will transform the way users manage their finances. In this article, we explore the benefits and upcoming features of MoneyStats‘ online banking integration.
- Real-Time Transaction Tracking: By connecting MoneyStats with your online bank account, you gain the ability to view and track your transactions in real time. This means no more manual entry or waiting for transactions to update. MoneyStats automatically fetches and categorizes your expenses and income, giving you an up-to-date snapshot of your financial situation. With this feature, you can effortlessly keep track of your spending, identify patterns, and make informed decisions.
- Accurate Budgeting and Expense Analysis: MoneyStats takes your financial planning to the next level by leveraging its integration with your online bank account. With accurate and real-time transaction data, the app enables you to create detailed budgets and analyze your expenses with precision. By categorizing your spending habits, MoneyStats provides insightful visualizations and reports, empowering you to identify areas where you can cut costs and save more effectively.
- Seamless Goal Tracking: Setting and achieving financial goals becomes easier with the integration between MoneyStats and your online bank account. Whether you’re saving for a vacation, a down payment on a house, or paying off debt, MoneyStats enables you to track your progress effortlessly. The app automatically monitors your income, expenses, and savings, allowing you to visualize how your financial decisions impact your goals. Stay motivated and make adjustments to stay on track towards achieving your objectives.
- Enhanced Security and Privacy: MoneyStats understands the importance of security and privacy when it comes to personal financial data. The app employs advanced encryption protocols to ensure the safety of your information. By integrating with reputable online banking systems, MoneyStats adheres to strict security measures implemented by financial institutions. This partnership ensures that your data remains protected and confidential.
Conclusion:
The integration of MoneyStats with your online bank account brings numerous advantages to your personal finance management. From real-time transaction tracking to accurate budgeting and seamless goal tracking, the app empowers you to take control of your financial well-being. With further upcoming new features MoneyStats continues to evolve and cater to your evolving financial needs. Embrace this powerful combination of technology and finance to optimize your financial journey like never before.
I hope online banking integration will be optional as I have tried too many apps that offer that and in my opinion it just overly complicates and removes a level of freedom and control.
Hello James, I feel the same way. I don’t want to change the philosophy of the app MoneyStats with the integration of banking either, I just want to create the option of automatically loading transactions into the app. The flexibility and configurability of the transactions should be retained, for example by giving you the option to set different comments or a new amounts for the imported transaction, if you wish, without it being overwritten again. As I said, this new feature will be optional and will only extend my services if desired. Otherwise, I’m of course open for feedback and improvements. Regards, Tom
Hi Tom, thanks for your amazing tool 🙂
Do you know when this feature will be available ?
Thanks !
Thank you! There are still the final steps to be checked, but I think I can start the roll-out in October 2023. However, the European banks will be offered step by step first. Please note that banks outside of Europe will take longer, as the requirements for licensing must first be checked. Cheers, Tom
Thanks for your answer ! I’m in Europe, so it’s perfect ahaha !
Hi Tom, when will this be available? WIll Swiss Banks such as ZKB be available?
Hello Alex, I will try to publish the new release the next days. Swiss banks will be not supported in the first release, but I will try to add further banks later. In the first step only European banks will be possible to connect under the frame of the Eruopean PSD2-regulations. Regards, Tom
Hi Tom, this is great news! I have some slight concerns regarding privacy however. Is this something that is taken care of? And if so, how?
Thank you!
Hello Robert, of course, I have looked into the topic intensively and the new app version also includes a new data privacy declaration with detailed information. My data supplier “GoCardless” for the bank connection is also PSD2 data protection compliant and data is only transmitted in encrypted form. Therefore, initially only European banks that meet European security standards will be supported. Regards, Tom
Hi Tom, I purchased the monthly subscription to manage 3 bank accounts listed in your app. However, when I try to link accounts, I get the message that the feature is coming soon. So it seems like I spent money without actually being able to enjoy what I purchased. By the way, one of the accounts I tried to connect was PayPal, while the others are Europe-specific banks.
Can you clarify? Thanks for your time!
Hello Cosmo, thank you for your interest in my app! Below the subscription models you can check if your banks are already supported. I don’t know which banks from which countries you try to connect, but more European countries will follow soon. Please contact me directly for more details (feedback@ttdeveloped.com). I apologize for the inconvenience caused! Regards, Tom
Hi, please add bpm webank italy asap!!
Hello, Italian banks are not yet supported in the current update (7.01). But I will add more EU member states such as Italy in the coming weeks. Best regards, Tom
Hello Tom,
Will this function work with Mexican banks?
Thanks.
Hello,
Thank you for your interest in MoneyStats!
So far only European banks are supported. In any case, I will try to offer more banks from other countries in the future, but this will probably take some time!
If you have any further questions or suggestions for improvement, please contact me.
Best regards
Tom
Hi Tom
Any news about Italian banks?
Best regards
Marco
Hello Marco, so far only European banks are supported, which are compliant to PSD2 data regulations. Otherwise, not all countries have been activated yet. This will only happen in the coming weeks after the first test phases have been completed. The Italian banks will be activated immediately after Christmas in the new update. Greetings, Tom
Believe it or not, I still use Microsoft’s Money Express 2000 on one PC every day. This is of course separate from the internet and only works on an older OS. One of the best I know so far and still use every day. Unfortunately, we were not able to link this to our bank in Europe (Belgium) and also that Microsoft has not rolled it out further… I have this Pro version of Money Stats and I also find it super fun and easy, but I am also waiting when transactions can be automated linked to your bank account…
You can now also connect bank accounts with my app! So far, only European banks that are compliant with PSD2 data protection regulations are supported. However, I will try to offer other countries in the future, but this will probably take some time! Currently only payment accounts are available for API access to the bank. Other account types such as savings accounts or securities accounts cannot be accessed due to the PSD2 data protection regulations. Regards, Tom
Where can I see the list of European banks to check if my bank can be linked to this app. If it’s not yet supported I won’t buy an app because I know for sure I won’t do anything manually.
Hello Yan, in the Apple App Store I also offer a free version of my app, where you can check it out and also see the supported banks in the menu of the In-App-Purchases (under the section of the subscription models). So far, only European banks that are compliant with PSD2 data protection regulations are supported. However, I will try to offer other countries in the future, but this will probably take some time! Also note, currently only payment accounts are available for API access to the bank. Other account types such as savings accounts or securities accounts cannot be accessed due to the PSD2 data protection regulations. Regards, Tom
Hi, any estimate on when the app is gonna start offering integration with UK banks (HSBC, Amex)? I really love the app but without these it would be hard to manage my transactions 🙁
Thanks
Hello, so far, only European banks that comply with the PSD2 data protection regulations are supported. However, I will try to offer other countries in the future, but this will probably take some time! For API access to the bank, only payment accounts are currently available. Other account types such as savings accounts or securities accounts cannot be accessed due to the PSD2 data protection regulations. Since for the UK I need to have an additional licence, this will at least take another 6 month until I am allowed to make use of API access. If you have any further questions or suggestions for improvement, just contact me. Best regards, Tom
Estou no Brasil, quero saber se a integração banco online, funciona nos bancos do Brasil, na lista no app não aparece o meu pais Brasil
Olá,
Obrigado pelo seu interesse no MoneyStats!
Até agora, apenas bancos europeus que cumprem com os regulamentos de proteção de dados PSD2 são suportados. No entanto, tentarei oferecer outros países no futuro, mas isso provavelmente levará algum tempo!
Para acesso à API do banco, apenas contas de pagamento estão disponíveis no momento. Outros tipos de conta, como contas de poupança ou contas de títulos, não podem ser acessados devido aos regulamentos de proteção de dados PSD2.
Se você tiver mais alguma dúvida, entre em contato comigo.
Atenciosamente
Tom