This is one of the best tools to start and track your spending, which in turn help you plan your expenses in a better way. This tool is available for free for only 30 days after that the amount of Rs 300 will be debited from your account annually.
The tool will allow you to change categorization of transactions and also set categorization rules to categorize future transactions from same payee as per your preferences.
Simple steps on how to activate money manager tool from ICICI Bank?
Step 1: Login using your net banking username and password.
Step 2: Under Exclusive offering- click 'My Money'.
Step 3: Accept the Terms and Conditions and Click on 'Go to My Money' to start using My Money from ICICI Bank.
Step 4: Once the process is successful, track your transactions. Categorising them first will provide you with a quick and easy view of your finances.
Money Manager Features
As a bank customer, you will have the many accounts such as Credit Card, a Home Loan, a Savings or Current Account and more. This tool enables you to track your money across multiple types of ICICI Bank Accounts in one place.
The important part here is one can also add over 200 non ICICI Bank Institutions and get an overall picture of your financial status.
Monitoring your spending habits, the tool will automatically into a predefined list of categories. You can also add and edit categories. As time goes on, you will have fewer adjustments to make with this innovative tool.
Your spending pattern will be highlighted with graphs and charts across all your accounts that will provide an insightful view into your spending habits. It will help you realize where you need to cut down on eating out, entertainment or any other expense.
Your Investments are basically taken from the Demat holdings and Fixed Deposits of ICICI Bank account. They are updated on a daily basis. You get a graphical representation of your entire investment.
Young individual who are interested to start saving can make best use of it. The fee charged for the tool will be worth if the tool can help you save money.