Welcome! With all your accounts visible in one place - from checking, saving, credit, debit, investment, even reward points accounts, you will have more control over your financial life.. safely and securely.
Each time you launch Royal Heritage Commercial Bank Money Management Tools, you will see your dashboard, which highlights a summary of all your accounts and their balances - stored securely and privately; all of your transactions, from all of your accounts, sorted by category in a pie chart; bill reminders; and changes in your net worth.
To add an account, click Add Account. Search for your financial institution... and enter the credentials you use to access those accounts. You will see a confirmation that your accounts were successfully added.
Continue adding accounts. The more accounts you add, the more complete your financial picture, and the more able you will be able to budget and plan.
Now all of your transactions, from all of your accounts, are viewable all in one place.
You can sort your transactions by date, description, category, account, and amount. The search function helps you find transactions based on specific criteria.
To re-categorize a transaction, simply select the category drop down menu, and select the new category.
You can split transactions between categories and create sub-categories by selecting Categories from the settings tab.
The Monthly Budget tool helps you see at a glance how your monthly income reconciles with your monthly spending, and how you are tracking against your savings goals.
The Spending tab helps you understand your average monthly spending, with detail for what is fixed and what is variable.
By understanding where your money is going, you can start to set monthly goals. When finished, click on Track Budgets, and you will see status for each category. You can set alerts to help you stay on track!
To set a savings goal, first select the type of goal you want to set, or create a custom goal. Fill in the amount you want to save, by when, and designate an account where you would like to keep the savings. Click next, and you will see how much you will need to save monthly in order to meet the goal. You can use the slider to calculate how the end date moves should you decide to save more or less. The summary page shows your progress on each of your goals.
Alerts are a great way to stay on top of your bills, avoid low balances and late fees, and get notified about potential suspicious activity in your accounts.
Customize alerts however you want by selecting the general category, then specifying a threshold for each alert. You can also select how you would like to receive alerts.
Bill Reminders are summarized on the dashboard and can be sorted by biller or timeframe.
Your net worth is calculated by taking the total of your assets and subtracting your liabilities. Only with all of your accounts added - including mortgage, investment, and retirement can your net worth be properly calculated. Use the add account button to add more accounts. To set alerts as to when your net worth changes significantly, click the Set Alerts icon.
The detailed breakdown shows your net worth... by account totals, by asset allocation... and by liabilities allocation... and by performance, where you can see at a glance how your net worth has changed over time.
The Financial Calendar gives you a visual snapshot of financial events by month for both past, current, and projected transactions.
You can sort by account, by date, and by type of transaction.
Red indicates debits, and icons identify types of transactions such as bills due, deposits, and more.
Click on a specific day for daily transaction details from all accounts.
Now that you have a full view of your complete financial story with Royal Heritage Commercial Bank Money Management Tools, you can start spending more time on the things that matter most.
