Tagged With online banking

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Android: When the iOS version of Pocketbook -- our favourite finance management tool because of its ability to automatically sync with all the major banks -- came out in July, an Android version was also promised. That has now hit the Play store, and is well worth downloading if you want to keep a closer track on your finances.

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The web is filled with services to track your bank accounts and manage your budget, but most of them are US-centric and don't integrate with Aussie banks. Well-regarded Australian banking and finance tool Pocketbook has added an iOS app, making it easy to check your bank balances and add transactions on the go.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

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This week the Reserve Bank of Australia published its review of innovation in the nation's banking and payment services. While it highlighted several clear advances, the regulator identified a number of "market failures that may prevent innovation" -- innovations such as real-time payments, the ability to make low-value payments outside business hours and same-day settlements of all "Direct Entry payments".

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The Commonwealth Bank is previewing a forthcoming update of its NetBank service on its site. Promised features in the update include the ability to add shortcuts for commonly used features to the home page, integration with other Commonwealth services like CommSec and home insurance, and pre-filled forms for applying for term deposits and home loans. I like the sound of the shortcuts feature, but I'm wondering: what features would you like to see added to your current online banking service? I wish the online statements went back further (it's something of a joke to suggest people should opt out of paper statements when there's only two months history available anyway).

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If you're ever online, the chances are good that you access Internet banking services (83% of Internet users in Australia do, according to Sensis). And because it's your money that's involved, you know that security is important. However, there are plenty of myths and misconceptions surrounding Internet banking security. Read on to learn where the risks are.

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The massive banking glitch which saw up to 200,000 Commonwealth Bank customers double-charged for withdrawals has apparently been resolved, with reports indicating that the problem was fixed overnight. The bank has promised to reverse any overdrawing fees resulting from the stuff-up. Obviously, if you're a Commonwealth customer, it would make sense to double-check your online statements today and over the next few days to make sure the error really has been resolved and no errant fees have stayed on the books.