With its latest iOS 17.4 update, Apple is adding an easier way for Apple Card, Apple Cash and Savings with Apple Card customers to track their balances and transactions, TechCrunch reports. With the update, third-party budgeting apps can automatically import information from Apple’s financial services via the iPhone maker’s FinanceKit API.
Budgeting and money management apps YNAB, Monarch and Co-pilot all have introduced support for the new feature, which they will need to manually set up within their respective apps. Once set up, YNAB notes that transactions should be automatically imported every time you open its app, or even take place when its app is running in the background.
As a reminder, Apple Card is a credit card launched by Apple in 2019, while Apple Cash is actually a prepaid debit card that is in your Apple Wallet and allows you to send and receive money via iMessage or spend via Apple Pay in the store. online, and in applications. The Apple Savings Account is where you can earn interest on your Apple Card cash back and any extra money you want to stash away.
YNAB’s post also mentions that the feature is only available in the US, since that’s the only country where Apple offers its cards, cash and savings accounts. The feature differs from a similar Apple Pay initiative Apple launched in the UK last November, which allows Apple Wallet to display balances and transactions from compatible third-party bank accounts.