We're excited to announce a major new update to MoneyCoach that transforms how you manage your finances. Online Banking for EU users is now available, allowing you to connect to over 2,800 European bank accounts and see all your transactions in one place.
What This Means for You
With Online Banking in MoneyCoach, your financial data automatically syncs from your bank accounts, giving you a comprehensive view of your spending patterns, account balances, and transaction history.
Seamless Bank Integration
Our integration covers a vast network of European financial institutions, ensuring that whether you're banking with major national banks or regional credit unions, MoneyCoach likely supports your bank. The connection process is straightforward and secure, requiring just a few taps to link your accounts.
Comprehensive Transaction Data
When you connect your bank account, MoneyCoach imports detailed transaction information including:
- Transaction dates and amounts
- Merchant names and descriptions
- Account balances (current and available)
- Account holder details and IBAN information
Important Note: We can pull up to 90 days of transaction history, though this varies by bank. For accounts with longer histories, MoneyCoach automatically adds balancing transactions to ensure your account balance is accurate.
Real-Time Updates
Once connected, your transactions appear in MoneyCoach within 48 hours of purchase. The app fetches new data each time you open it, ensuring your financial overview stays current without any background data collection when you're not using the app.
Privacy and Security First
Your financial security is our top priority. Here's how we protect your data:
- Read-Only Access: MoneyCoach has read-only access to your accounts. We cannot initiate payments, transfer money, or manipulate your accounts in any way.
- Local Storage: Your data is stored locally on your device or on your private iCloud server. We cannot see or access your financial information.
- Secure Infrastructure: We partner with GoCardless, which utilizes official PSD2-regulated bank connections to guarantee the safety of your financial data.
- No Data Sharing: We never sell or provide your data to third parties. Your information stays private and secure.
Premium Feature
Online Banking requires a MoneyCoach Premium subscription. This ensures we can maintain the high security standards and infrastructure needed to provide this service. If you unsubscribe from Premium, you'll lose access to Online Banking and won't be able to import bank data anymore.
Managing Your Connection
Bank connections typically expire after 180 days (or less, depending on your bank). When this happens, you'll receive a notification and can easily reconnect your account to continue using the feature.
If you ever want to remove your imported data, simply delete the connected account from MoneyCoach, and all associated bank data will be permanently removed.
What If My Bank Isn't Supported?
While we currently support over 2,800 European institutions, we're continuously adding more banks. If your bank isn't on our list yet, you can check our comprehensive list of supported banks or reach out to our support team. We're actively working to expand coverage based on user demand.
Getting Started
To start using Online Banking in MoneyCoach:
- Ensure you have a MoneyCoach Premium subscription
- Open the app and when you want to create a new account, you will see a new option to connect your bank account
- Search for your bank from our supported list
- Follow the secure connection process
- Once the connection is established, you will see your transactions get imported in the app
The Future of Financial Management
This Online Banking feature represents just the beginning of what we're building. Combined with our existing AI-powered financial intelligence, predictive spending categorization, and smart goal suggestions, MoneyCoach is becoming the comprehensive financial companion you've been looking for.
Support and Questions
Have questions about Online Banking or can't find your bank on our list? Our support team is here to help. Reach out to us at info@moneycoach.ai, and we'll get back to you as soon as possible.
Ready to experience seamless financial management? Download MoneyCoach today and start your free trial to unlock Online Banking and all our premium features.
Note: All logos, trademarks, brand names, service marks, trade names, trade dress, or company names used in this application that are not owned by MoneyCoach UG are the property of their respective owners and are used for identification purposes only. Such use or reference does not imply any product endorsement or affiliation with MoneyCoach UG.
