myFinanceTracker is our online money management tool that makes it easy to stay in control of your finances. This powerful yet simple-to-use tool automatically tracks your spending, organizes your financial data and calculates key information for you — and it’s free with RBC® Online Banking.
You are on: Dashboard & my App Store
Customize your home page with the information most relevant to you and add apps you like onto the home page for easy access.
This is the home page you’ll see when you open myFinanceTracker. Your dashboard is pre-loaded with our four most popular applications: Net Worth Value, Transactions, Trends and Track Spending. You can also customize this page to display the information most relevant to you – for example, your Account Summary or Alerts inbox.
You can add other applications simply by going to myApp Store and downloading the app you want. Then go to myApps to drag the app you want onto your dashboard. That way, you can access the apps of your choice straight from your dashboard.
View all your finances at a glance, including your banking and credit card accounts, investments, mortgages and loans with RBC or other financial institutions. You can even view your assets or loans that are not associated with any financial institution.
The Account Summary in the myAccounts tab groups the information for all of your accounts in one location, making it easy and convenient to review transactions, see trends or edit information for any of your accounts.
You can link your RBC mortgage, investment or loans — as well as any external accounts you have at other financial institutions — by using the Link an Account function.
You can even add assets or loans that are not associated with a financial institution, such as a loan from a family member or the equity of your house, for a more comprehensive financial picture in myFinanceTracker.
Track where your money is going: easy-to- read pie charts and graphs help you to identify spending and income patterns, so you can make smarter spending choices.
You can separate all your purchases by category, view expenses for the past month, three months, six months, twelve months or another customized time period and drill down for specifics into a particular category.
Cash Flow Analysis
myFinanceTracker calculates your expenses vs. income and displays them in a graph.
Credit Card Usage
myFinanceTracker charts your current balance against the credit limit for each of your credit cards. An alert will notify you if you overspend.
myFinanceTracker calculates your net worth (total assets minus total liabilities) at specific points in time and displays them in a chart so you can see how your net worth has changed over time.
Stay on top of your spending and manage your money efficiently by creating budgets setting financial goals. Used in conjunction with the Track Spending & Cash Flow tools, Budgets and Goal Setting can help you save more for the things you want and need the most.
You can set budgets for your overall income and spending as well as for individual spending categories. To help you set realistic budgets, myFinanceTracker shows your monthly average for each of these.
Save for a Goal
myFinanceTracker lets you set savings goals - you decide how much you want to save for a goal, then monitor your progress as you work toward it.
View all your financial transactions for the month on a single screen and plan your cash flow for the near future.
Month at-a-Glance Financial Activity
The helpful calendar format displays all scheduled bill payments, transfers, transactions and projected balances for any selected month. You can also add manual transactions to get a complete picture of your financial activity.
Customize myFinanceTracker to suit your own needs and preferences.
You can create nicknames for the Category Names so you know immediately what they are, for example: “Gym” or “Commuting.” Then, you can divide categories into Sub-categories to break your spending down even further.
You can set up Account Groups to better manage your financial accounts. For example, you could create an account group called “Credit” where you group all your credit cards together.
You can customize the Category Rules so that the tool knows how to identify your regular transactions.
You are on: FAQs
The Dashboard displays your financial Apps, most of which contain your account information. You will see your RBC Royal Bank banking or credit card accounts, including any other accounts you have linked. Choose the “Link an Account” link to add additional accounts.
The “Account Summary” page displays a list of your individual account names, including linked RBC accounts and linked accounts from other financial institutions, allowing you to access them from the “Account Details” page. You have several “Account Summary” view options available: All Accounts, My Groups, My Bill Pay Accounts, and My Financial Accounts. Once you have selected an “Account Summary” view, this will be the default view each time you access this page until you decide to change it. You will see the balance for each account at the time of the last account update.
The “Last Updated” field provides information about when the linked account information was last updated. For example, if the “Last Updated” field displays "2 hours ago," it means that the linked account data was last updated 2 hours ago. If you want to update the linked account information, select the “Update” link below the account name.
Each time you use myFinanceTracker, your RBC banking and credit card accounts are automatically updated. There is no need to update your accounts manually.
“Link Account” and “Add Asset/Liability” are Quick Links on the “Account Summary” page that allow you to add linked accounts.
To refresh an individual linked account, select the “Update” link below the account name within each section. RBC Royal Bank banking and credit card accounts will automatically be updated with every sign in.
You can access detailed information about any of your accounts by selecting the “Account Name” link within any section. The link takes you to that account's “Account Details.”
To edit your linked accounts information, choose the account name to access the “Account Details.” From the “Account Details,” select the “Edit Account” link to enable the editing feature.
A nickname can help you distinguish one account from another. For example, you might have an investment account and a personal account with the same financial institution. To add or update the nickname associated with an account,
Manual transactions are transactions that may have been established outside standard online activity, like a cheque you wrote or a recurring expected activity such as a payroll deposit.
By creating manual transactions, you can keep track of all non-online transactions you have made and include these transactions when reports are generated.
Select the "Add Manual Transactions" button on the "Financial Calendar" page.
When you click on the "Add Manual Transactions" button, a window will open where you will need to specify the following:
You might want to edit a manual transaction if something has changed or if you realize there's a mistake to an entry amount.
To edit existing manual transactions:
A transaction can be categorized under any of the available transaction categories, including the categories you create.
To categorize a transaction:
If you want to assign a single transaction to more than one category, it can be "split.” Splitting a category allows you to allocate it across multiple categories or subcategories. For example, you can split a purchase from a grocery store into individual categories, such as "Groceries,” "Healthcare,” and "General Merchandise.”
To split a transaction:
Note: Because of the large number of account transactions that can be stored, it may take the system a day or more to "learn" the new category rule and automatically apply it to future transactions.
With Advanced Display Options, you can customize which transactions are displayed based on your specific criteria, such as Category, Date, Amount, etc.
To view the Advanced Display Options, select "Show Advanced Display Options" located directly under the "Account(s)" drop down menu.
The Cash Flow Analysis Chart report provides a graphic representation of your income versus expenses over a specified period of time. At the bottom of the Cash Flow Analysis Chart report you will see the same data presented as a table. Each cell in the table is a link that takes you to the transactions that match that particular total. You can choose to run the Cash Flow Analysis Chart report either for the past 3, 6 or 12 months; and this year or last year.
The Cash Flow Analysis Chart report also displays the average monthly net cash flow and total net cash flow for the selected period.
To include a projected cash flow in Cash Flow Analysis Chart report:
To include the transactions that are classified as business expenses in the Expense Analysis Chart report:
You can choose to view the expense analysis report for either all accounts or for individual account groups that you created. To view the expense analysis chart for an account group:
The Expense Analysis Chart report provides a pie chart and a tabular representation of your expenses broken down by category.
The Expense Analysis Chart report displays expenses grouped by category, percentage of total spending, and the amount spent for the specified time period. The Expense Analysis Chart report displays the top 12 spending categories.
Select a category to drill down and view all the transactions used to calculate the Expense Analysis Chart. You can choose to see the Expense Analysis Chart report for 1, 3, 6, 12 months, or customize to another time frame like last week, this week or your entire spending history.
You can also choose to manage your spending better by clicking the “Set Budget Goals By Expense Category” link. The link will take you to the “Set Budget Goals and Alerts” page where you can create a budget and choose alerts that will notify you when a threshold you define has been triggered.
You can view your personalized transaction reports based on the search criteria such as category, group or time period. You can also narrow down your search by providing the key words.
You can select the account for which you want to view the account trends chart from the “Select Account(s)” dropdown menu.
The Net Worth Change displays how the value of your Net Worth has altered in both dollars and as a percentage for a specific period. You can select the “View Net Worth Chart” link to see changes in your Net Worth over time.
Select the “View Net Worth Chart” link to open a page that displays several charted views of your Net Worth. You'll see:
For historical charting purposes, myFinanceTracker stores and displays one weekly data point for each account balance for up to 12 months. Because data freshness is impacted by site availability and user activity, myFinanceTracker stores the last available balance data for any given account, starting with the last day of the week and moving backward until a valid balance is available. Note that the historical chart is built on a cumulative basis. At the end of each month, the Net Worth value is stored to create, over the subsequent months, a rolling 12-month chart. Because of this fact, when you initially view the chart, you may only see a limited number of data.
For point-in-time charting purposes myFinanceTracker uses the latest data available for the accounts being charted, beginning with the current data and moving backward until valid data is available. This corresponds with what is shown in the application (generally data is current after a refresh, but may not be current if there is a refresh error).
You can choose to view your “Net Worth Statement” for all accounts or for individual account groups that you created. In order to view the “Net Worth Statement” for an account group, you must select the check box next to Net Worth on the “Add or Edit Account Group” page.
To select a different account view:
To select which accounts you want to display in the “Net Worth Statement:”
Net Worth Chart is a report that shows your net worth as it changes over time. You can select the period and account type for which you want to view the net worth change.
Assets, liabilities, and net worth are shown in blue, red, and black. The blue bars indicate the value of your combined assets for each data shown. The red bars indicate your combined liabilities. The points along the black line are your net worth which is calculated after deducting the liabilities from your assets, as of each date.
You can view your balance change for each account and also the percentage of change. If you have selected the time period as 3 months, then you can view your current balance against the past 2 weeks. For 6 months and 12 months, you can view your current balance against the last month.
You can view your assets that are allocated as per market value, account balance, and class. Market value depicts the current value of your assets. Account balance shows the current balance of your investment accounts and class classifies your asset type such as Mutual Fund, Stock or Bonds.
Account Trends Chart is a report that shows your account balance at different intervals. You can specify the time frame you wish to view your account trends for.
Setting a budget helps you simplify your personal expenses and perform timely checks to avoid overspending. It also helps you understand your spending habits in order to meet your personal budgetary goals.
You can set budget goals to maximize your ability to increase savings or reduce debt. As time progresses, you can re-evaluate and adjust your individual budgets based on new awareness of your financial activities and spending habits.
You can view your spending by category for the current month as well as an average monthly spend which is calculated over the past 6 months. After reviewing your spending, you can set budget goals to make sure you are staying on target.
Budget goals can be set for individual categories and/or for total income or expenses.
You can choose to receive budget status reports on a weekly and/or monthly basis. Budget status reports contain the amount you have spent in each category compared to your budget target for all "included" categories.
You can also choose to be notified when the total amount spent/earned in any category comes within a particular percentage or threshold of your desired budget goal.
To configure a budget status report:
You can access the Financial Calendar by selecting the tab at the top of each web page.
The Financial Calendar displays all of your bills due, transactions, projected balance(s) and fund transfers that are either due or scheduled in the current month. Bills, payments and transfers are noted on the exact due date in the calendar.
You can also add or edit manual transactions by selecting the link on the single day view on the right of the Financial Calendar.
The options in the “View” dropdown menu are Bills, Transfers, Balances and Transactions. When you select all or some of the options, the corresponding details of those accounts will be displayed in the Financial Calendar. Similarly, when you de-select any of the options, the respecting details of those accounts will not be shown.
View the details of all accounts or a particular account by selecting it from the “Show” dropdown menu. You can view accounts related only those account types that are selected in the “View” dropdown menu. For example, if you have selected accounts related to “Bills and Balances,” then your bill pay accounts and banking accounts will be displayed in the dropdown menu. Accounts related to fund transfers and transactions will not be shown.
You can view the calendar information for the previous/next month by selecting the “Previous Month” or “Next Month” links from the “Financial Calendar” page. You can also choose to review the financial calendar by selecting an account group type from “Select Account(s)” and a specific month from the month filters.
The Financial Calendar displays all transactions such as withdrawals, the projected balance in individual banking accounts and any manual transactions.
The Financial Calendar is shaded to distinguish between past, current and future days. Days that have already passed are shaded. Holidays, Saturdays and Sundays are also shaded.
The icons on the Financial Calendar indicate the following:
The day block view is divided into 7 horizontal slots. You can see the date and the holiday information in the first slot. You can see the balance, bills, payments, funds transfers and transactions in the rest of the slots. If there are more than 6 transactions, the last slot will display "More..."
You can get a detailed view of your bills due, projected balance and manual transactions. You can select a bill to mark it as “Paid” or “To be Paid” depending on the status of the bill.
Similarly, you can add a manual transaction by selecting the link. Editing, updating and deleting are some of the actions you can perform from the single day view.
myFinanceTracker has a predefined set of transaction category names. Changes made to the transaction category names are saved and will be displayed in the categories dropdown menu.
You can edit a transaction category name on the “Manage Categories” page:
The "Category Rules" page allows you to create your own category rules for transactions. These customized rules can be used to identify and correctly categorize transactions — such as your paycheque — that the automatic category rules may not be able to identify.
For example, you can create a rule to automatically categorize your monthly rent and another rule to automatically identify and categorize your paycheque.
After you create a category rule, any future transactions that meet your rule's criteria will be categorized accordingly. The categories of your past transactions will not be affected by your new rules unless you apply your category rule by selecting the “Run All Rules” link from the "Category Rules" page.
Create a category rule by following these steps:
This rule will now appear in the list of rules under "Your Category Rules."
Custom category rules can be run based on the priority assigned to each of them. You can increase or decrease the priority of a category rule by selecting the up or down "Set Priority" arrows next to each rule.
Please note that your rules will be executed in the descending order of their priorities. The first matching rule will determine the category of the transaction.
You can apply the category rules to your transactions by clicking “Run All Rules” from the “Category Rules” page. myFinanceTracker will categorize or re-categorize all historical transactions when you apply the rule.
Note: These rules are not applicable for historical transactions that you manually categorized or re-categorized.
Please refer to the following table for an explanation of each category. You can use this as a guideline as you select categories for your rules.
Category Name Meaning
|ATM/Cash Withdrawals||Cash withdrawals from an ATM or financial institution|
|Automotive Expenses||Expenses incurred buying, maintaining, servicing or repairing a motor vehicle. Parking fees are also included under this category|
|Cable/Satellite Services||Expenses incurred on cable, dish network or satellite TV|
|Charitable Giving||Donations to charitable and social service organizations or individuals|
|Cheques||Transactions involving payment by cheque|
|Credit Card Payments||Payment of credit card statements|
|Child/Dependent Expenses||Expenses incurred on dependents (children, parents, siblings)|
|Deposits||Any deposit made to an account that doesn't fit another category|
|Educational Expenses||Expenses incurred on educational items - formal or informal. College tuition, school supplies, and seminars are included under this category|
|Electronics||Expenses incurred on electronic components, accessories, software|
|Entertainment||Spending on concert tickets, amusement park fees, sporting events|
|Gasoline/Fuel||Expenses incurred on petroleum and petroleum products used as fuel for motor vehicles|
|General Merchandise||Miscellaneous general merchandise expenses|
|Gifts||Expenses incurred on cards, gifts, novelty, souvenir shops, expensive jewellery|
|Groceries||Purchases at supermarkets, bakeries, liquor and convenience stores, and specialty markets|
|Healthcare/Medical||Expenses incurred on doctor-visits, hospitals, eye care, prescription drugs|
|Hobbies||Spending for fishing gear, music, books, newspapers, photography, crafts|
|Home Improvement||Expenses incurred on home decor and infrastructure repairs.|
|Home Maintenance||Expenses incurred on day-to-day items needed to keep your place of residence liveable - household appliances, furniture, furnishings, nursery, garden supplies, home repair, cleaning agents, exterminators|
|Insurance||Expenditures for home, automotive, and health insurance|
|Investment Income||Income from investments|
|Loans||Automobile loans, personal loans|
|Office Supplies||Expenditures for stationery items, office supplies, printing, paper|
|Online Services||Expenses incurred on Internet services, Web hosting, broadband|
|Other Bills||Miscellaneous billing expenses|
|Other Expenses||Any expense not covered under other expense categories like shipping, legal, real estate expenses|
|Other Income||Miscellaneous income|
|Personal Care||Expenses incurred on fitness services, perfumes, beauty parlour, body massage, vitamins and supplements.|
|Pets/Pet Care||Expenditures for buying supplies for and taking care of pets|
|Rent||Expenses incurred in paying rent|
|Restaurants/Dining||Spending at restaurants, fast food, catering|
|Retirement Contributions||Contributions/deductions made for retirement benefits|
|Retirement Income||Income received from pensions or RRSP accounts|
|Savings||Transfers made to accounts for the purpose of savings|
|Securities Trades||Transactions involving buying/selling of securities, redemption of mutual funds|
|Service Charges/Fees||Expenses incurred on ATM fees, cash advance fees, overdraft charges, association fees|
|Taxes||Federal, provincial and municipal taxes paid.|
|Telephone Services||Spending for land phones, wireless, calling cards, phone cards|
|Transfers||Transfers between accounts including balance transfer, account opening, inter-account funds transfers|
|Travel||Expenditures for travel such as lodging, car rental, airport expenses, taxi, train rides.|
|Utilities||Expenses incurred on electricity, gas, sanitation, and water utilities|
The "Account Groups" page displays the bank account(s) within myFinanceTracker.
You may change the view as required, using the dropdown menu, to display “All Account Groups,” “My Groups” and “My Bill Pay Accounts.”
The “Add Account Group” page allows you to create groups for related accounts for reporting purposes. Shared accounts owned by other users can also be included in your groups.
To add an account group, follow these steps:
The “Manage Account Groups” page allows you to manage your account groups. You can update, modify or delete existing account groups, and also create new account groups.
Editing an existing account group allows you to add or remove accounts belonging to an account group and to select the pages in myFinanceTracker that must use the account group for reporting purposes.
To edit an account group:
You can delete existing account groups by following these steps:
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