Asda Money has unveiled a new online money management service, which has been designed to assist credit card holders to manage their personal finances.

According to the service provider, the new online service allows Asda card users to make quick payments and check their bank statement as well as keep a track on how much cash back have they earned.

Available for the Asda Money Credit Card, the new service is being offered to the holders for free, can be accessed anytime and from anywhere and requires the user to register to create an individual account.

A recent study conducted by Aldermore Bank has revealed that a UK citizen could save up to £52 a year just by cancelling old Direct Debit schemes.

The Asda Money Credit Card is issued by Sygma Bank UK, while Asda Money is a trading name of Asda Stores.