In our February 2018 release we have introduced Savings Opportunities in Optimise My Banking, tax deduction tracking for rental property income and expenses and new account connections.
Saving Opportunities in Optimise My Banking
Lots of us spend more than we need to on interest and fees on our bank products. Australians waste millions of dollars a year on avoidable interest and fees. And then there’s the interest we miss out on by having money in bank accounts that don’t pay the best interest rate.
Our new Savings Opportunities feature in Optimise My Banking analyses your bank products (transaction accounts, savings accounts and credit cards for now), compares them to the hundreds of different accounts available in the market and shows you other products that might be cheaper. We don’t just do it once, we do it every month, so you will always know when there are opportunities to save money on banking products.
We do this without fear or favour. We aren’t influenced by having our own products (like your bank) or by commissions or referral fees (like some of the comparison web sites).
Savings Opportunities are available to all customers for a short introductory period. It will then become a paid feature available only to our Plus plan customers and customers of MoneyBrilliant Partners.
|And you can do all of this on your phone (or your tablet or computer). This video shows you how to setup and use the new Saving Opportunities in Optimise My Banking|
Track your Rental Income and Expenses
MoneyBrilliant will now automatically track Rental Income and Expense transactions to make it easier to complete your tax return at the end of the year.
Income and Expenses in the Rental Income, Home – Investment Property Expenses and Services & Utilities – Investment Property Bills categories will be automatically highlighted as potential tax deductions and you can also manually tag any transaction as a Rental Income or Expense deduction.
The Tax Deduction feature is available to Plus Plan customers and customers of MoneyBrilliant Partners.
New Account Connections
As usual, we’ve added a bunch of new connections and new account types for the following institutions
- Class Super
- Ord Minnet
- Peoples Choice
- Pepper Money Personal Loans
- Perpetual Investments
- Queensland Country Credit Union
- Rate Setter
We are now working on connections and account types for Boardroom (InvestorServe), First Option Credit Union, Resimac Limited, Society One Personal Loans and Velocity Global Wallet. We hope to make these available soon.
If you or your clients have an account at a financial institution we cannot currently connect to please let us know by sending an email to email@example.com
New shared visibility for MoneyBrilliant Partners
MoneyBrilliant now supports Practice structures to share visibility of clients between different MoneyBrilliant Partners and support staff that work in the same business.
Default Invitations for MoneyBrilliant Partners
We’ve made it even easier for MoneyBrilliant Partners to setup their clients on MoneyBrilliant. If you use our co-branded Partner Access solution we can now configure a “Default Partner Invite” so any customer that registers using your brand details will receive an invitation inside the MoneyBrilliant app. This also allows you to send the invitation email from outside the MoneyBrilliant Partner Access app.
Practice structures and Default Partner Invites will be especially useful for large financial planning, accounting and mortgage broking businesses. Contact us at firstname.lastname@example.org if you would like more information about these features.
We’ve also fixed some pesky bugs that have been hanging around for a while. As a result, you should find the MoneyBrilliant app easier to use in a number of areas.
We hope you enjoy these new features. If you have feedback on the new features or on any other aspect of the MoneyBrilliant service feel free to let us know at email@example.com or complete a quick survey for us.
Don’t just be good with money, be MoneyBrilliant.