Blog on hold: This blog is currently on hold. Please visit thoughts.keranmckenzie.com for new blog posts

Watch Keran's YouTube Channel #theRandomnessProject


A better bank service

Tweet I am currently looking for solutions to managing my personal finances. I’m currently going through a number of services. Sadly many online services only support US based banks – useless for someone in NZ. www.xero.co.nz is a New Zealand service they say is suitable for personal finances. They are wrong it’s a small business [...]

I am currently looking for solutions to managing my personal finances. I’m currently going through a number of services. Sadly many online services only support US based banks – useless for someone in NZ. www.xero.co.nz is a New Zealand service they say is suitable for personal finances. They are wrong it’s a small business service, and it’s jolly expensive – heck even Quicken Online is only $3 a month.

It got me thinking though. Many banks now offer (and have for many years) online access to your accounts – however these are simply online versions of off-line realm. I don’t think I’ve really seen any serious innovation in the area of bank websites. (A side note, I’m pretty much blind to any online bank service outside NZ).

Why can’t I tag transactions? Why can’t I categorise my finances directly on my bank site? I want to set up tags for, coffee, computers, household, grocery, garden, vehicles etc etc. This way I could quickly get a glimpse of what I’m spending and where I’m spending it.

Come to think of it, with the amount of transactions banks do they should know what sort of things are purchased at what locations. Surely it isn’t too hard for them to suggest tags/categories for your transactions?

For now, it’s back to using Cha-Ching on the local computer

Support Studiowhiz.com