5 free banking apps you’ll use every day

Banking apps can come in handy as you manage your finances, but with so many options out there, how do you know which ones you should add to your smartphone and tablet? Well, don’t worry — we’ve narrowed it down for you in this list of our top five banking apps selections.

1. ACU mobile app

Of course, we have to mention the ACU mobile app, which makes it easier for you as members to check your bank account balances and history, transfer funds, pay bills, deposit cheques and make Interac e-transfers. Besides making purchases, you can manage your finances whenever and wherever you are in a secure and convenient way. It’s like having your bank branch at your fingertips 24/7. Do you have family and friends with ACU bank accounts? You can also easily transfer funds to another ACU member’s account with the app.

Android | iPhone

2. Mint

Are you looking for an app that can provide insights into your money management and spending? Look no further than Mint, which connects to your various accounts and promises to provide helpful insights into your finances — all in the name of helping improve your overall financial wellbeing.

This app puts the numbers that matter to you most front and centre, while offering alerts for fraud and identity theft as an extra layer of security. By tracking your accounts, bills and balances in one helpful platform, you’ll always know what’s going on with your finances. In addition, a new feature called MintSights™ can potentially unlock even more money-saving tips just for you.

Android | iPhone

3. Splitwise

When you’re out with friends at a restaurant and it comes time to split the bill, do you ever feel like you end up getting the short end of the stick? Well feel that way no more with Splitwise, which makes sharing expenses with family and friends easy. Splitwise isn’t just for restaurant bills either. It also works great for roommates splitting rent and apartment bills, weddings and bachelorette parties, group trips, couples sharing household expenses and any other situation where you share expenses.

To use Splitwise, just add your group members and enter your expenses — either divided evenly, by dollar amounts or by percentages. (You can even enter different currencies, which is great while travelling abroad.) Splitwise will take care of the rest by doing the calculations and telling everyone what they owe and who they should pay. It doesn’t get any easier than that!

Android | iPhone

4. Wally Next

Wally Next is a personal finance app that helps you compare your income to your expenses and get a better understanding of where all your money goes. This app focuses on giving you the right tools you need to manage your personal finances better. While some of us are old school and use pen and paper, others use computer software and Excel. Wally Next goes the extra mile and offers a better way by giving you a 360-degree view of your finances. You’ll know what exactly is coming in, what’s going out, and you’ll feel empowered to make future financial decisions.

iPhone

5. FOOi

Have you ever been at an event and wanted to tip the valet, but you didn’t have any cash on hand? This is no longer a problem thanks to the app FOOi. Keeping cash on hand can be a hassle, but it doesn’t have to be. With FOOi you can safely and securely send and receive money with no fee. It’s perfect for splitting the tab with friends for food and drinks, paying the babysitter and for donating to your favourite cause.

Android | iPhone


About Sean Cooper

Sean Cooper is the bestselling author of the book, Burn Your Mortgage. He bought his first house when he was only 27 in Toronto and paid off his mortgage in just 3 years by age 30. An in-demand Personal Finance Journalist, Money Coach and Speaker, his articles and blogs have been featured in publications such as the Toronto Star, Globe and Mail, Financial Post and MoneySense. Connect with Sean on LinkedIn, Twitter, Facebook and Instagram.

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