We're excited to share that your FinanceWorks will be upgraded to Money Management on Tuesday, March 13th! With this new personal finance management tool you'll experience better visualizations of your budget, better auto-categorization of transactions and it's available on mobile! To see a comparison chart of FinanceWorks vs. Money Management CLICK HERE .
To help you prepare for this upgrade, please take a moment to review the following:
If you have any questions about the upgrade feel free to contact our eBanking Department via email at firstname.lastname@example.org or call (978) 556-5414.
TAX PREPARATION- If you use FinanceWorks to categorize personal and business transactions for tax reporting purposes, please download a detailed report from FinanceWorks by March 11th. PERSONAL/BUSINESS CATEGORIZATIONS ALONG WITH THE BUSINESS INCOME/EXPENSE REPORT WILL NOT BE TRANSFERRED TO MONEY MANAGEMENT. To download detailed transaction data and categorization follow these steps:
- Login to Online Banking
- Navigate to FinanceWorks
- Click Transactions
- Enter a date range
- Click Download - and Excel sheet will be created
- Sort by Business category
LOGIN TO FINANCEWORKS - To ensure up to 18 months of your FinanceWorks account and transaction data is transferred to Money Management you MUST login to FinanceWorks by March 11th.
MORE INFORMATION - Have other questions about the upgrade and what to expect? CLICK HERE for more information.
Once the upgrade is complete on March 13th, take the following steps:
1. LOGIN TO MONEY MANAGEMENT
- From a computer, login to Online Banking and click on the Manage Money tab.
- From a mobile device, login to the Mobile App, click on More and select Money Management from the menu.
2. RE-ENTER ACCOUNT LOGIN CREDENTIALS
While most account information for both Pentucket Bank and external accounts will transfer to Money Management, for security reasons we will not transfer login credentials for external accounts. You will see an error message in Money Management that will walk you through providing your login credentials so accounts will update successfully from that point forward. For this reason we recommend gathering your login credentials and having them handy for the first time you login to Money Management.
3. REVIEW CATEGORIZATIONS AND BUDGET
MAKE SURE TO ADD ALL EXTERNAL ACCOUNTS BEFORE CREATING A BUDGET TO ENSURE ALL YOUR TRANSACTIONS ARE TRACKED IN YOUR BUDGET.
Review the account and transaction data transferred from FinanceWorks, review Money Management auto-categorizations, and then create a budget.
Once these 3 keys steps are completed, we encourage you to explore the other features of Money Management, such as Goals and Alerts. To learn more about these other features and how to use them check out the FAQs below.
Have questions about the upgrade to Money Management and what to expect? CLICK HERE .
To help you become familiar with the new personal finance management tool Money Management and how to use its many features, we have created FAQs on the following topics.
- Getting Started
- Cash Flow
- Net Worth