Technology is increasingly integrated into daily life and mobile banking apps are proof of this. Your bank’s app may offer advanced personal finance platforms, providing information on spending habitstrack your savings progress and even set a budget for yourself.

Unlike old systems of manually tracking and recording your expenses, innovative budgeting tools can automatically track and categorize your expenses, providing real-time updates.

Budgeting automation not only simplifies budget management by doing the legwork for you, but it also provides a more accurate overview of your finances, ensuring that no transactions are accidentally overlooked.

Here are some bank accounts offering the most advanced built-in budgeting tools.

Ally

Allied Bankrenowned for its online banking prowess, takes personal finance to the next level with tools that track your spending and savings. The bank calls these tools “buckets,” which are essentially customizable categories. For the spending buckets that come with Ally’s checking account, you can create categories like “groceries” or “entertainment,” and the bank’s app will automatically categorize the expenses as they come in. You can also assign certain companies to each slice type to make tracking more precise.

With an Ally Savings account, customers can set up savings buckets to set and track savings goals. They can also set up recurring transfers to a savings account and get suggestions on where to save more.

What we like: Ally makes saving and budgeting easy with individual savings and spending buckets. Keeping track of your finances is a breeze with these user-friendly features.

Bank of America

With a strong physical and digital presence, Bank of America offers easy access and its budgeting tools also make it easy to track your personal finances. The bank’s mobile app breaks down your spending into interactive graphs, highlighting spending trends and points where you might be under or over your budget. It displays your total expenses for the month, broken down into incoming and outgoing cash flow with customizable budget categories.

What we like: Bank of America locations are easy to find. You’ll also have access to a premium app to track your spending.

Capital one

Capital one has been at the forefront of financial innovation, and its automated budgeting tools are proof of that. The tools available with its 360 Checking account allow customers to effortlessly monitor their spending with automatic expense tracking and categorization. With Eno — the bank’s built-in virtual assistant — you can simply request a list of your recent transactions or an update on your savings progress via the app or via SMS.

Another unique feature offered by the Capital One app is the ability to identify recurring charges, such as subscription fees that you may not have been aware of. It can notify you when those recurring fees increase or when a free trial is about to end, making it easier to eliminate unnecessary costs from your budget and free up more space to save.

What we like: Capital One provides automated budgeting tools, allowing customers to track and categorize their spending through the 360 ​​Checking account. The Eno virtual assistant provides real-time insight into transactions and alerts customers of recurring charges.

Hunting

Chase’s mobile app comes with an entire tab dedicated to your budget. On this tab, users can set their budget category limits, track their spending, and get a visual breakdown of their spending from month to month. With Snapshot, users get insight into their spending trends.

Hunting‘s built-in budgeting tools come with any of its checking accounts or a Chase credit card.

What we like: Chase’s mobile app offers comprehensive budgeting tools, allowing users to set limits, track spending, and view spending trends. The app also provides a clear view of spending habits.

Current

While Current may not be a traditional bank, its powerful budgeting tools make it a great fit for those interested in alternative banking options. In the current app, users can access a tab called Insights, which offers customizable spending tracking and budgeting categories. Users then assign a goal amount for each category or can choose a suggested amount from the tool. When close to the limit for a particular spending category, users receive a mobile banking alert (although the transaction does not decrease).

Note that the funds in a current account benefit from insurance coverage of the Federal Deposit Insurance Corporation (FDIC) through its partner bank, Choice Financial Group.

What we like: Current has useful budgeting tools, including through its Insights tab, which lets you track spending and set budget goals. Plus, the app sends alerts when you’re nearing your spending limits.

Huntington National Bank

With one of Huntington BankIt is checking accountsCustomers benefit from numerous budgeting tools built into the app. Spend Analysis is a common expense tracker that organizes all your expenses into predefined categories. With Spend Setter, customers can set spending limits for their budget categories, while Huntington Heads Up sends you alert updates on how much you’ve spent per category.

Finally, Look Ahead Calendar is a unique feature that lets you see upcoming payments, such as bill due dates. While many mobile banking apps can alert you to recurring payments, Huntington takes the predictive financial tool a step further by organizing these expenses into a visually elegant calendar.

What we like: Huntington Bank offers digital tools to help with financial management. Plus, features like the Look Ahead calendar let you see upcoming payments.

Bank of Regions

Bank of Regions offers a suite of budgeting tools to online banking customers through My GreenInsights. The budgeting dashboard is accessible on both the bank’s mobile app and its desktop site. Beyond just tracking expenses, My GreenInsights allows customers to add memos to transactions, set spending goals, and receive suggestions on areas to reduce spending. Additionally, customers can associate external accounts with their digital budget.

What we like: Regions Bank offers My GreenInsights, a budgeting tool that allows customers to track their spending and set savings goals. This feature allows users to link external accounts for a comprehensive view of their finances and offers customizable options for managing budgets and expenses through its mobile app and desktop site.

SoFi

SoFi offers budgeting information that integrates data from many linked accounts, including checking accounts, savings accounts, credit cards, student loans and mortgages. You can even link external accounts, giving you a complete overview of your expenses and income each month. SoFi’s budgeting tools include expense tracking, spending charts, and alerts for upcoming bills.

What we like: SoFi provides a financial dashboard that allows users to link multiple accounts. This provides a holistic financial view in one place. SoFi’s budgeting tools include expense tracking, spending charts, and bill alerts. These features make it easier to manage finances.

Wells Fargo

Wells Fargo is one of the most established banking institutions in the United States and brings several budgeting tools to its suite of digital banking features. In a package called My Money Map, these tools include a spending report, creating a personalized budget, the ability to set spending goals, and tracking savings goals. When you create a budget, the tool automatically tracks and categorizes your expenses. It also gives an easy-to-understand visual analysis of your spending, using a bar graph to highlight how your actual spending compares to your budget limits.

What we like: Wells Fargo offers many budgeting tools through its My Money Map feature. The platform provides visual financial analysis, allowing easy tracking of expenses through interactive charts and graphs.

Conclusion

Budgeting apps are plentiful, but when advanced budgeting tools are integrated into your own bank’s app, it’s easier to manage your finances from one place.

Whether you are a novice or seasoned budgeter, these tools can improve your ability to track and control your personal finances. Choose an account that fits your needs, whether it includes in-branch or fee-free access online bankingto get the most out of these features while balancing them with other important considerations.

–Bank rates Sheiresa McRae Ngo contributed to updating this article.