Free money management tools from Capital One

Keeping tabs on your money is an important part of reaching key financial goals. But managing your money isn’t always easy—especially when you’re balancing busy schedules, professional demands and personal commitments.

Luckily, there are some mobile money management tools you can use to monitor your financial accounts, track spending and more. And many of them are built into your Capital One Mobile app. Learn more about how you can use digital tools to manage your money on the go.

Key takeaways

• Money management apps are digital tools that let you monitor your accounts and control your finances from your cellphone, tablet or computer.

• Money management apps are generally safe, but it’s important to do your research and find a trustworthy app before connecting your bank account.

• Capital One’s suite of digital tools allows you to service your account 24/7, set up fraud alerts, review transactions and more.

Money management apps, tools and features can help you achieve your financial goals. But in many cases, users have to download multiple apps to accomplish goals like monitoring their bank accounts and tracking their credit scores.

Luckily, the Capital One Mobile app offers several tools that can help you effectively manage your money. Here are seven ways you can use Capital One’s suite of digital tools to help optimize your finances—all from your phone, tablet or computer.

The Capital One Mobile app can make monitoring your finances easier than ever. You can keep track of your savings and checking accounts, credit and debit cards, and auto loans in one place. You can set up an automatic transfer on payday to build your savings or establish an emergency fund. You can also lock a lost or stolen debit or credit card without calling customer service or visiting a bank branch.

Tapping into these digital tools can also put enhanced account controls right at your fingertips. For example, the Capital One website and app offer 24/7 access to your accounts and balances. With just a few clicks, you can:

• Check credit card balances

• Make one-time bill payments

• Set up automatic payments

• Manage payment due dates

• Use Zelle® to send and receive money in minutes

• Deposit a check using your cellphone

You can even reach out to Eno, your Capital One virtual assistant, for additional account information. For example, you can chat or text with Eno and get insights into payment due dates or unusual account activity. Eno can also answer account questions, activate a new credit card or update your personal information.

Your credit scores are a key indicator of your financial health. And routinely monitoring your credit scores and credit reports can help you understand where you stand in the eyes of potential creditors. With that in mind, consider finding a tool that gives you an overview of your credit health.

CreditWise from Capital One makes monitoring your credit simple. The app breaks down account balances, tracks credit utilization and alerts you to changes in your credit reports. It also lets you know if your personal information has been found on the darknet so you can take action to protect your identity.

Using the digital tool to track your credit score and report can have other benefits too. For instance, if CreditWise alerts you to a change in your credit report, it could help you spot identity theft or fraud and react faster. It could also give you insights into tactics that could strengthen your finances, like paying down credit card balances and lowering your credit utilization ratio.

Tracking your spending can provide clarity about your spending habits. It can also help you create a budget and make decisions that get you closer to your savings goals.

Some people prefer to manually track expenses using a spreadsheet or even pen and paper. But a digital app lets you keep tabs on expenses no matter where you are. For instance, the Capital One Mobile app gives you an at-a-glance, real-time look at your expenses and account balances. You can even ask Eno for a list of your most recent transactions or an update on your credit card spending limit through the app or via text message.

Recurring payments are charged to your account at predetermined, regular intervals. Some of the most common examples include monthly payments to a media streaming service, your gym or your utility provider.

Signing up for recurring payments can be convenient. In many cases, you can “set it and forget it” and never worry about losing access to a service or running out of a product you use regularly. However, tracking and managing recurring payments aren’t always easy, especially if you tend to pay your credit card bill without examining each transaction. And if you’re not careful, you could end up paying for a subscription you no longer want or need. 

That’s where Capital One can help. You can log in to your Capital One Mobile app to view a snapshot of upcoming bills, subscriptions and the expected dates of your next payments. That way, you can decide whether you’d like to cancel the service before you’re charged.

Virtual credit cards are randomly generated credit card numbers linked to your credit card account. Eligible Capital One credit cardholders can easily use and manage virtual credit cards. 

Virtual cards allow you to shop online without needing your physical card on hand. You’ll proceed through the checkout process the same way. But instead of inputting your actual credit card number at checkout, you’ll use your virtual card number.

Using a virtual card number means you don’t have to share your actual account number when shopping online. And that could help limit how much of your personal information is exposed if your data is compromised in a data breach. Plus, you can lock, unlock or delete your virtual cards for added control and security while shopping online.

Shopping online can be an effective way to save money—if you do it right. Keeping an eye out for online-exclusive deals, free shipping or discounts for new customers may help reduce the cost of everyday purchases. And you can always perform a quick search for potential coupon codes and apply them to your purchase.

Looking for another way to help save money while shopping online? Consider downloading Capital One Shopping. When you add the free web extension, the app scans thousands of websites and digital coupons to ensure you’re getting a great deal. The extension can also add coupon codes automatically at checkout. And you can earn rewards on purchases, which you can redeem for gift cards.

In 2022, the Federal Trade Commission (FTC) received roughly 2.4 million reports of fraud, with consumers losing nearly $8.8 billion to scammers. As the world becomes more and more connected, it’s even more important to protect your personal information from fraudsters. 

Fortunately, tactics like checking your credit card statements, using strong passwords and monitoring your credit report can help you prevent and identify fraud. You can also set up fraud alerts using a mobile banking or money management tool. For instance, the Capital One Mobile app offers security features like:

• Proactive fraud alerts to help protect you and your money

• The ability to lock a lost or stolen card to help prevent fraudulent purchases

• Instant purchase notifications that let you monitor transactions in real time

Simply sign in to the mobile app to set up alerts and enjoy more control over your financial security.

Get answers to commonly asked questions about money management apps and tools.

Using money management features from Capital One can be an effective way to get more control over your finances and monitor your accounts on the go. And if you’re ready to make financial management even simpler, learn more about how Capital One digital tools look out for you and your money.