PNC Bank, a member of Pennsylvania-based PNC Financial Services Group, has upgraded its online and mobile money management tool Virtual Wallet to help customers manage their personal finances.
PNC Bank said that many new features are based on the feedback from customers, and they will be available for new and existing customers of Virtual Wallet.
The newly added features include Budgeting and Smart Spending, where customers can consolidate their spending methods such as debit card, credit card, online bill payments, etc.
Customers can also create budgets for their spending categories all in one view. Graphical indicators and opt-in alerts to be informed about spending and help stick to their budgets.
With Credit Card Tracking feature customers can add eligible PNC credit cards to Virtual Wallet to view the complete picture of spending in one place. The card balance, available credit and monthly spending history will appear together and the transactions will appear on the calendar function with a ‘payment due’ reminder.
Newly added alerts help customers keep track of their debit and credit card usage with e-mail and text messages while adding security.
New alerts include ‘$pendometer’ that monitors total spending over a chosen timeline, and ‘Threshold Amount’ which flags overspending on a single transaction or the total for a day/week/month.
PNC Payments and e-business director Thomas Kunz said that since Virtual Wallet was introduced in 2008, the company has used input from customers to make innovative enhancements for real-time information and resources to help them avoid financial mistakes and achieve their financial goals.