RBC launches Canada's first Integrated online financial management tool

TORONTO, June 23, 2010 — RBC recently launched myFinanceTracker, Canada’s first online financial management tool integrated into an online banking system.  myFinanceTracker will automatically categorize transactions, track expenses and provide advanced budgeting capabilities for all personal banking and credit card accounts. 

“myFinanceTracker will help our clients save time and money while managing their finances,” said James McGuire, vice president, Digital Strategy and Experience at RBC. “Canadians of all ages and income levels are telling us they have a desire to better understand their financial situation. This online tool can help clients track and manage where they are spending money, an essential first step in reaching any financial goal – whether it’s saving money for a child’s education,  retirement, getting out of debt or putting money away for a big purchase.”

  This tool is available at no cost to all personal RBC online banking customers, and will enable them to create a set budget and track their spending habits. If users exceed their set limit, an alert will notify them. They will also have the ability to establish an account balance target for one or more accounts and an alert will be triggered when the balance of an account drops below the set parameters. myFinanceTracker provides online banking customers with the online capabilities, including (1)Categorizing account transactions; (2) Budgeting; (3)Tracking income and expenses (4) Managing your money. Visit the newly designed online banking site where you will find access to myFinanceTracker http://www.rbcroyalbank.com/newolb/