Tool to track spending for OCBC e-banking users
Consumers now have an easy way to track their expenses and compare it with the average spending of their peers.
An online tool dubbed OCBC Money Insights launched by OCBC Bank aims to save its e-banking customers the hassle of entering their daily expenses into spreadsheets or other personal financial management apps. The tool, available on its website and the OCBC Bank app for iPhones and iPads, is integrated with bank users' savings, current and credit card accounts for easy tracking.
With OCBC Money Insights, users can view their expenses by month or predefined categories like dining, entertainment, groceries and insurance. The information is present in a graph, providing tracking for up to a year.
Users can set SMS or email alert for occasions when their monthly spending exceeds a specified limit for certain categories or on the whole. Reminders can also be set for when credit card payments are due.