OnTrees helps users track £100 million of transactions
• Free personal finance tool recently launched in UK
• Shows users recent transactions sorted into helpful categories
Since launching in late November, OnTrees has helped users track over £100 million worth of transactions. This is a significant milestone in OnTrees’ mission to help people understand their spending and do more with their money.
OnTrees is the free and simple way to see all your finances in one place. With one log in, users can track recent transactions across their accounts, see a breakdown of their spending into categories and set up budgets and alerts to manage money more effectively.
In the US, personal finance managers like OnTrees are used by more than 10 million people. The phenomenon has recently started to take off in the UK with lots of banks now offering money management services. Unlike many of these services, OnTrees works across a range of account providers and offers independent financial advice.
The ability to see what’s happening across all of your financial accounts is particularly important in the UK, where a quarter of Britons have current accounts with multiple providers and more than three million have a current account, savings account and credit card with different companies.1
“At OnTrees, we think that if people know what they’re spending and where they’re spending it, they can start to make real savings. Even if we only help people to make small savings, this could make a real difference in these difficult economic times,” said Charlie Mortimer, OnTrees.
“As users can easily categorise their spending, we’ve also seen some interesting trends amongst the OnTrees community. OnTrees users are spending five times more on charitable donations than pets. We’ve also seen that heading out for a coffee is an expensive hobby – with the average user spending nearly £6.50 each visit!”
OnTrees has recently introduced a range of new features to help users track their money more easily such as improving how transactions are categorised and allowing users to rename their accounts. An updated version of the OnTrees iPhone app has also just been released in the UK App Store.
These new features are just the beginning for the team at OnTrees. “We have lots of exciting developments planned”, said Mortimer. “Amongst other things, we’ll soon be able to show people how their spending compares to the average to help them set their own savings goals.”
ICM questioned 2002 GB Adults, with fieldwork taking place 24th-25th October 2012. Results are weighted to be representative of the population.
1. 6.6% (133/2002) of those questioned have mortgage, current and savings account with different providers = 3,125,687
For further information about OnTrees please contact:
Charlotte Oates, OnTrees T: 0203 615 1809 M: 07841 815 365 E: firstname.lastname@example.org
OnTrees is the latest venture from dmg media, the company behind Jobsite and Wowcher. The service can be accessed at www.ontrees.com and through Apple’s app store.
This press release was distributed by ResponseSource Press Release Wire on behalf of OnTrees in the following categories: Men's Interest, Women's Interest & Beauty, Consumer Technology, Personal Finance, for more information visit https://pressreleasewire.responsesource.com/about.