Financial Wellness /

MercMoney®

MercMoney® is an online money management tool, securely integrated into online banking, that empowers you to take control of your finances and simplify your life. Navigate your finances with a consolidated view.

Cash Flow Insights

MercMoney®-Insights

MercMoney® Insights brings you a personalized feed of intelligence that puts you in better control of managing your finances. MercMoney Insights delivers visibility into spending trends, savings opportunities, cash flow, tracking bills/subscriptions, and much more automatically delivered on our mobile and desktop home pages.

Additionally, you can see all of your debts, along with corresponding balances and interest rates, in a simple view that gives you a clear picture of your financial situation.

Account Aggregation

MercMoney®-Account-Aggregation-Steps.png

MercMoney® Account Aggregation allows you to link external financial institutions accounts all in one place. This provides you to access transaction and balance information for all your accounts in one place. 

It is as easy as:
1. Select Account
2. Review Disclosures
3. Select Services. 

By adding additional transactions, MercMoney® can help you understand your historical spending and predict your future spending.

Viewing Financial Health

MercMoney®-Viewing Financial Health

MercMoney® allows you to create relative budgets based off your actual spending history, income, debts, and expenses. Visualize and interact with your budgets in new and meaningful ways. Using circles, or "bubbles," to represent budgets allows you to quickly identify budgets that need the most attention. At a glance, you can determine a budget's health (color), significance (size) and progress (meter) relative to other budgets.

MercMoney automatically categorizes and tracks spending from your various financial accounts, allowing you to get powerful insights on where, when, and how you spend.
 

Transactions

MercMoney®-Transactions

Get down to the details! See all your transactions from your various financial accounts - in one place! 
Plus, with the updated cleansing and categorization feature, MercMoney turns confusing data into useful information. Cleansing enables end users to see where they spent money and categorizing shows them what they bought. While Categorizing divides transactions into large and small buckets, such as Food and Dining and Groceries. 

Goals

MercMoney®-Goals

Goals can help you plan ahead and visualize long-term financial objectives, such as saving for a home or vacation. This tool provides a timeline of prioritized goals, and projects how long it will take to complete each goal based on your saving plans.

MercMoney™ FAQs

MercMoney is a free online budgeting and financial health tool for Mercantile Bank Online Banking customers. This tool allows you to link all your accounts including ones from other financial institutions so you can easily see all accounts. Other benefits include data visualization tools regarding a user’s spending, budget, cash flow, net worth, and debts. Contact us today to learn more.

Login to Internet Banking from a desktop or mobile device and choose View All Accounts from the main page.

Once on the View all Accounts page choose + Add Account in the upper right of your screen. From the menu that will display, choose Link an Account. Type the name of the institution to search our database, then select the correct option from the list and enter your login credentials. 
 

There are many types of online banking accounts, and not all are compatible with common aggregation methods. MercMoney utilizes multiple aggregation sources and uses an aggregation engine to provide the best possible coverage, but when an unsupported institution is encountered, a manual account can be created in the Accounts widget.

When transactions are imported, they are auto-categorized based on how you and other users have categorized similar transactions. When you change a transaction category, MercMoney will remember your preference for next time.

The transactions list provides an easy way to review or find transactions from any account, over any time period. You can use the date range selector to determine what time frame the transactions represent, or you can use the search field to filter by payee, account, tags, amount, category, or date.

You should always take a moment to review newly imported transactions. Not only does this help you keep track of your spending, but will also help you to quickly identify fraudulent charges. When reviewing your transactions, make sure you recognize the transaction, and verify that it is categorized correctly.

To view more or edit detail on a transaction, just click on it. You can customize your transactions using the following features:
  • Category - Categorize transactions so your spending will be accurately reflected in Spending and Budgets. Click on the category field and select the correct category from the dropdown list.
  • Online Description - Add a description to the item when you need to remember special details about a transaction.
  • Split - Split a transaction between multiple categories to account for specific amounts in Spending and Budgets.

MercMoney will import 90 days of transaction history from your primary institution. The amount of data that will be imported from other institutions depends on the institution.

After the initial account setup, MercMoney will pull new transactions from the last 30 days, so you must sign in at least once every 30 days to avoid creating a gap in your data.

MercMoney will save your history for as long as you keep your account with Mercantile Bank.

Absolutely. Industry leading encryption technology is used to protect your data. MercMoney places your privacy and security as its highest priority. The MercMoney desktop applications are as secure as your regular home banking.

To get assistance with your accounts please reach out to us via Let’s Chat or phone, we are happy to help!

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 |  SWIFT Code: MEMIUS33

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