Kiboo Makes Online Banking Easy
By
Rachel Schramm
-
25/01/2012 09:57:00
New banking systems have been cropping up all over the place. Kiboo is a brand new banking platform, and even though it’s still in Beta stage it's one to keep your eye on -- and maybe even put your money in. It keeps you connected to your personal finances 24/7.[1]
Kiboo's Strategy
When a customer signs up with Kiboo, they get a single account divided into two portions: spending and saving. Then, they can track their money in both accounts using Kiboo’s unique web platform and the Kiboo mobile finance app. SMS alerts help users keep track of their accounts, even if they don’t have wireless access.[2]
Budget and Expense Tracking
With Kiboo's expense tracking, users are able to monitor how much they’re spending, and where there money goes. It even tracks different budget categories, and users can specify spending limits in each category. Then, thanks to the mobile app, Kiboo will alert them if they go over their limits. And what's more, Kiboo offers individualized spending, budgeting, and money saving tips.[2]
Individualized Savings Plans
Kiboo also lets users set up savings plans for specific goals -- from the latest digital camera to college tuition. Once users set up their savings plan, Kiboo transfers money from their checking account to savings account, helping them reach their goals. Their friends or family can use the “Chip-in” feature to contribute to their savings even if they're not members of Kiboo. What's more, Kiboo will send contributors a thank you note on a user's behalf after their contribution.[2]
In addition to keeping its users up-to-date with their personal finances, Kiboo offers retail discounts like coupons, deals, and offers.[2] For businesses, offering a discount through Kiboo could help raise awareness of their product. Kiboo's friendly attitude and smart design could make it a popular platform that eases people into smarter spending. Retailers that connect themselves with this up-and-coming company could see their profits rise as Kiboo use increases.
References
[1] "About Kiboo." Kiboo. N.p., 2011. Web. 5 Dec 2011. <https://www.kiboo.com/about>.
[2] "Kiboo: Features." Kiboo. N.p., 2011. Web. 5 Dec 2011. <https://www.kiboo.com/features>.
Disclaimer
Use of Kiboo is strictly voluntary. Check ‘n Go assumes no liability for actions taken or not taken by Kiboo or other events over which Check ‘n Go has no control.