MoneyMap – one week in
Posted 07.04.10 by BNZ Digital Team, BNZ more comments
Wow, it’s hard to believe MoneyMap is already one week old (well, pre-registration that is – we’re looking forward to launching full access in a few weeks time). We’ve been blown away by all your interest and constructive comments – keep them coming!
We’ve noticed some reoccurring questions cropping up around our longer-term plans for MoneyMap. So, we’ve put together a brief summary of our priorities over the next couple of months, including how we’re using your feedback to enhance and improve MoneyMap.
1. Getting in sync
Leading up to the launch, we’ll be focussing on creating a seamless link between your accounts and MoneyMap. This is our first priority. We want you to be able to hit the ground running, tracking your spending habits, monitoring your assets and liabilities, and setting saving targets to achieve your goals.
2. Listening to feedback from our customers – that’s you!
Once we launch MoneyMap, you’ll have the chance to trial and test it out for yourself. Don’t forget to share your stories and tips.
MoneyMap is a tool for our customers, so we’re looking to you to help us shape it. We’ll use your feedback to help prioritise features and functionality for future development. Based on what our beta pilot group has told us, we’ve already made changes to the custom categories feature, increasing the number of categories from eight to 20. This allows you to separate out the finer details of your expenses, giving you a more accurate picture of your overall spending.
3. The MoneyMap pipeline
We’ll use your feedback together with our own insights and research to create an evolving “wish list” of new MoneyMap features. Something we’re working on at the moment is incorporating transaction splitting to help you fine-tune your spending even further. Read this blog post over at Xero to find out more.
It’s still early days. We have a whole bunch of ideas, but we really want to see what’s working for you and what you need most – and from here, we can prioritise what’s next. We’ll use this blog to gather your thoughts and keep you updated on our latest thinking. So watch this space!
Michelle
Producer, Digital
8 Comments
Leave your comment8 Responses to “MoneyMap – one week in”
About MoneyMap
MoneyMap is a cool new tool from BNZ and Xero that helps put you in control of your personal finances.
- Your BNZ transactions are automatically transferred to MoneyMap at the end of each business day
- You can upload transactions from most accounts and credit cards held with other NZ banks
- Easy-to-understand graphs show you what you’re spending your money on
Recent Comments
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BNZ Digital Team on Check out our new MoneyMap features
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Kelvin on Check out our new MoneyMap features
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Fabulous, what a webpage it is! This web site provides valuable data to us, keep it up.
ancient egypt gods on We’re only just starting… we’ve got more up our sleeve
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BNZ Digital Team on MoneyMap – one week in
comment to MoneyMap – one week in:
Jared May 14, 2010
Hi,
A couple of issues I have had with the product to date.
Tax Payments
It seems to be that payments to IRD (and maybe other expenses) should be able to be made without showing up in Moneymap. Showing these tends to skew the analysis, especially when the payments are large.
Transfers/Loan Payments
For some reason transfers between my accounts and loan payments appear the same to moneymap and are lumped togeather. Is there anyway to stop this from happening.
Thanks,
Jared
comment to MoneyMap – one week in:
BNZ Online Banking Team May 17, 2010
@Jared, just need to do a wee bit or reserch: will get back to you latter today.
comment to MoneyMap – one week in:
BNZ Online Banking Team May 17, 2010
@Jared ,
To remove your Tax payments, you need delete them and you can do this by going to:
Bank Account > Account Options > View all Transactions from there you can delete a transaction if you no longer want it showing up in your MoneyMap ( be it a tax payment or anything else) .
And re the grouping of transfers, yes this will happen under the Payee tab as transactions are grouped together, but you can see them individually if you look at the transaction tab in Spending and Saving. (Just as FYI- Xero are doing a review of the Payee tab and it’s likely they will be making some changes there)
Lucy – Digital team
comment to MoneyMap – one week in:
Jared May 20, 2010
Thanks Lucy,
Also with your blog, it would be useful if a notification could be set up if someone responds to a comment made.
comment to MoneyMap – one week in:
Tim Davidson August 29, 2012
Why limit number of categories to 20. Should be unlimited. I have manually been doing for years what Moneymap now provides and would love to use the system, but I currently have 125 categories to analyse my spending which then consolidate to 10 main Headings. Could Moneymap be made to accomodate unlimited categories please.
comment to MoneyMap – one week in:
BNZ Digital Team August 30, 2012
Hi Tim
Thanks for your feedback. There are no plans at present to increase the number of categories that can be added. However you are able to add labels to transactions, which can provide further breakdown of your existing categories. More information can be found at https://personalhelp.xero.com/nz/#Splitting_and_Labelling
Sherman – BNZ Online
comment to MoneyMap – one week in:
Kimberly Thom December 5, 2012
Hi there, I tried Money map a few years ago when it first started but had issues with transactions coming up twice. We have total money with approx 9 accounts. all of our income goes into one account (Everyday Account)and then gets divied up between our other accounts eg, personal spending, monthly bills, groceries, savings ect ect. With money map I found that because the transactions were being included twice, once when they came out of the everyday account and then again when I used funds out of the allocated account. Is there a way around this so I can use Money Map?
comment to MoneyMap – one week in:
BNZ Digital Team December 5, 2012
Hi Kimberly
Thanks for your question. I also have multiple Total Money accounts that I use to organise my budget and I use MoneyMap. Totally agree that double counting transactions is unhelpful, so what I do is categorise the deposits into the different accounts as Transfers and I have set up some sorting rules to capture these. When I actually pay rates from the rates account this is picked up in the correct category. On the sort by category view, the Transfer category is right at the bottom. Please let me know if this does not answer your question.
Cheers – Sherman