Lloyds Banking Group unveils new mobile banking features
Lloyds Banking Group has launched a new suite of features to its mobile banking apps. Customers will be able to receive mobile notifications which can be customized to track their spending and transactions.
The alerts can let users know when they receive money from a friend or contact, when refunds are credited or when standing orders or bills leave their accounts. They will be able to change settings to which alerts they want to receive.
New pilots are also being tested that use advanced machine learning software to alert customers when a regular bill is higher than usual or when they are charged for the first time on a card subscription.
Later this year, customers will also be able to use these alerts to show how much they will have left to spend each month after regular bills, as well as when they are due to leave the account.
From this month Lloyds, Halifax and Bank of Scotland customers will be able to register to a Save the Change service on mobile apps. This means that every time they shop with their debit card, the amount will be rounded up to the nearest pound and put straight into their savings account.