HSBC UK has launched Connected Money, the first app from a UK bank that allows customers to see not only their UK current account, but online savings accounts, mortgages, loans and cards held across up to 21 different banks.

The new app includes a spend analysis feature, allowing users to see their spend across categories and keep a track on habits. There’s ‘Balance After Bills’, where users can find out how much they have left in their HSBC current account until payday, once Standing Orders and Direct Debits have been taken into account. Users will also get regular insights and tips about their transactions and spending behaviour via in-app messaging.

HSBC UK is already working on additional features like rounds-ups and nudges. The former rounds up debit card purchases to the nearest pound and automatically transfers the change from their HSBC UK current account into their HSBC UK savings account, while the latter will make savings rule suggestions to customers based on their spending habits by applying smart algorithms.

Becky Moffat, head of personal banking at HSBC UK, said: “Having access to one app that shares insights across a customer’s UK current accounts, mortgages, credit cards, savings and loans saves time by not having to individually log into each account and provides a clear view of their financial position.”

Connected Money follows the launch of HSBC Beta, which trialled the technology with staff and customers.

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