6 User-Interface Musts for Personal Finance Apps

Nobody wants to be in the dark about where his cash is or how it’s performing in the market.

Each of today’s leading investing apps is an enhancement from the once-a-quarter mailers that brokers used to send. Every bank app is better than a month-to-month declaration. With that stated, some fintech apps are more user-friendly and useful than others.

Which interface aspects make for a fantastic personal financing app? The following are musts for a top-notch user experience:

1. An objective timely

Whether they’re conserving, costs, or investing, your users have financial objectives in mind. Although everybody’s priorities and run the risk of preferences are various, offer pre-programmed fields for typical goals.

Credit and checking account apps need to ask for costs limits on general and categorical costs. You may want to spend less than $100 per week on groceries. If you approach or go beyond that limitation, your app needs to alert you.

Conserving and investing apps need to work the very same method. Round, a newer offering that offers everyday financiers with access to active supervisors on Wall Street, learns more about its customers’ goals– like homeownership, travel, and retirement. By discovering how much a client is attempting to save– along with his timeline– Round’s clients get customized portfolios based upon their objectives. Better yet, they get help tracking their development.

2. Account or possession mix charts

Vanguard’s app may need a fresh coat of paint, but it succeeds in one key location: Vanguard financiers get pie charts that display their perfect and present property mixes. In visual and percentage terms, they show just how much of the user’s portfolio is designated towards property types like stocks, bonds, and realty.

Credit and banking apps ought to take a similar approach to costs. Use charts to reveal what portion of costs over a given amount of time went to typical classifications like retail, restaurants, and services.

Another way credit and banking apps should break down costs is by account and licensed spender. If a user keeps 2 accounts with a bank– a cost savings account and a checking account, perhaps– he must be able to easily see how his properties are divided. Credit cardholders should be able to rapidly examine how much of the total expense each licensed user is responsible for.

3. Credit history

Another thing that every bank and charge card app need to contain: a credit score summary. Although users can request their report once a year from each of the 3 credit reporting firms, annual checks don’t suffice. Customers need to see how their costs and payment routines affect their capability to get credit, and they need to know if their rating unexpectedly tanks.

A credit rating readout isn’t as crucial for investing apps, and none to our understanding provides one.

4. Apparent transfer tools

Most customers have more than one monetary account. When a charge card costs comes due, they wish to sink more money into the marketplace, or they’re socking away cash in cost savings, users need an easy method to transfer funds.

Although I won’t name the business because it’s because fixed the issue, I just recently spent hours on the phone because of unclear transfer tools.

5. Click-to-contact functionality

In no industry is strong customer support as important as in finance. Users need to be able to talk to a human being when they identify a mistake, a transfer fails, or they’re puzzled by the fee structure.

Give users as numerous methods as possible to connect. TD Ameritrade’s app is the one to beat in this classification. At any time of day and on any day of the week, users have access to text, phone, and immediate messaging support.

This interface feature becomes even more important if you don’t have physical locations. TD Ameritrade has branches around the country, however many online banks and brokers do not.

6. Charge breakdown


Nobody likes to be blindsided by costs. Although you do not wish to rub your cost structure in your user’s face, you must make it clear and accessible.

What does that look like?

Keep charges easy, and describe them at sign-up and in a “Often Asked Questions” tab in your app. If your consumer assistance strategy includes a chatbot, plug in a simple explanation of your charge structure.

Charges may seem more vital than app interface features, but users consider both when choosing a financial provider. Give them another reason to choose you, particularly when that factor is as easy as a fresh design.

Brad Anderson

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Brad Anderson

Editor In Chief at ReadWrite.

Brad is the editor managing contributed material at ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him at brad at readwrite.com.

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