Get newsletter

Be the first to receive the latest news about Numbrs.

03.07.2020

The Advantage of Smart Multibanking

Every second household in Germany and the United Kingdom has at least four bank accounts at the same time. But the ongoing trend of ever more financial accounts is no longer limited to the offering of traditional banks. 

New players, such as crypto platforms, loyalty programmes, digital money and payment accounts like Paypal, Amazon and many more have created a plethora of virtual opportunities to store a user’s funds. While each person can freely decide how they want to manage their finances, the trend of unbundling them comes at a cost.

Overview

The more accounts you have, the less you will know, how much money exactly each account holds. While this may not be relevant at all times, it does affect the way you spend money. Knowing how much money you have will help you manage your finances more smartly. Or in other words, to make good financial decisions, you should have a clear overview of your overall financial status. 

Convenience

The second issue with unbundling your finances is convenience – or lack thereof. Having to log into each app and platform with different passwords and credentials one by one to access all your different accounts not only makes it tedious to track your balance, it takes time. And with each new account, the process becomes longer. You can see where this is leading – managing all your accounts individually simply doesn’t make sense. But there are other drivers for the increasing demand for smart multibanking.

International Bank Accounts

For most people it has become common to not only move cities for a promising job, but entire countries. This not only results in a constant change of one’s financial circumstances, it also means more financial accounts in various countries. While someone from Germany may be working and living in the United Kingdom, they may still have a German bank account in addition to their recently opened UK bank account. A trend, which is increasing.

One App for All Your Finances

This is where the Numbrs app can make your life a lot easier. Instead of logging in to different banking apps with different logins to get an overview of your finances, users can manage all their bank accounts and crypto wallets with one single app. To make it even simpler, the Numbrs homescreen shows you your overall financial status – all your accounts – under one single balance. 

Our latest release even lets users in Germany and the United Kingdom manage their bank accounts from both countries and in multiple currencies. By taking full advantage of PSD2 in Europe and Open Banking in the UK, we now seamlessly support all major banks in both countries: Revolut, Monzo, N26, Barclays, HSBC, RBS, Deutsche Bank, Sparkasse, Commerzbank, Volksbank, and many more – let alone Coinbase and Bitstamp crypto wallets.

In addition, the Numbrs app offers several features to manage your finances effectively and save you money. Whether this be our data driven analysis of your income and expenditure, our smart insights on how to improve your finances, our ‘left to spend’ budgeting feature or the loyalty card aggregation, which allows you to use all your loyalty cards from the Numbrs app. And there is more.

If you are looking for a way to see your overall financial status across multiple countries at a glance, to improve your finances or simply want to save time  – Numbrs is the app for you.

The Numbrs app is available for iOS as well as Android and is completely free.

Archive

October 2020

September 2020

August 2020

July 2020

June 2020

May 2020

April 2020

March 2020

February 2020

January 2020

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

December 2018

November 2018

October 2018

September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

December 2017

November 2017

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017