Developer description

Similar to the widely used envelope system, Money Clouds™ helps customers define and save money for goals outside of his or her primary bank account. Through this method of goal-based saving, research shows you are more likely to save with greater consistency and motivation, thereby increasing the likelihood of achieving your goal. But why stop there? Money Clouds makes it easy to connect with family and friends, contribute to the goals of others, and save together for shared savings goals. With inspiration, visualizations, and the social accountability of why you’re saving money, achieving your goals becomes possible.

Money Clouds offers customers the ability to:

•Create an unlimited number of Money Clouds to manage and track each savings goal
•Fund Money Clouds from an existing checking account
•Save money in a FDIC insured account
•Set automatic funding schedules for individual Money Clouds to predictably meet savings goals
•Connect with family and friends to contribute or request funds
•Collect money as a group for a shared savings goal
•Send or request money via in-app messaging
•Secure account with Touch ID & PIN (2FA coming soon)

Last updated 21 Oct 2015