There are various types of online banking software available in the UK, and many of them are free. However, it is necessary to know which type of banking software is compatible to your bank. Downloading and installing a banking software without knowing this bank, will give you many headaches.
Managing your wealth online
Establishing your budget through a good budget software or managing your money with some type of money manager software is an excellent idea and in some countries, it is expected. Banks assume automatically that most customers want to have knowledge and access to their wealth. Software companies Thus, software companies are developing software that will do everything from printing your account statement to managing your stock portfolio. With the assumption that everyone is computer literate and want to have access to their bank accounts twenty four/seven, some banking software companies forget to mention the word compatibility. Compatibility Compatibility means that the kind of software that you use is highly dependent upon your bank's protocol. So, the first step to online banking is finding out if your bank's protocol is suitable to the software that you would like to implement. Quicken USA banking software, for example, is not Quicken UK. There are differences between the two, even though they have the same name and serve same the purpose. Most major banks in the UK have their own free banking software and their own computer technicians who can assist if you have problems.
Managing your wealth with Quicken or Microsoft money
Two of the leading software for money management are Microsoft money and Quicken. Website According to the website, Moneyhighstreet.com (feature, money management, software review, Quicken), from 20.08.11, Quicken could sync with only three banks in the UK. Things may have changed, but you need to check that out with your bank before downloading the software. Quicken UK is also the old version of quicken 2002, updated of course. It is supposed to be user-friendly and easy to understand. However, like all money management software, you have to keep your data input current, if you want to have an accurate picture of your home finances. The problem with Quicken is the customer service support which is offered in the UK. When problems come, the only service available is online and per their FAQ (frequently asked questions) journal. However, what happens when you are not able to put into words what the problem is, because you don't have the understanding of how their software is interacting with your financial data. On the other, Intuit UK offers a very good accounting software for small businesses. Remember that it is an accounting software. However, for banking the best solutions are usually found in using your bank's recommended software.