Insights Turns 2!
Our super-smart, real-time, data analytics and Insights tool is turning 2!
Not sure what this is all about and how it can help you? Here’s a refresh.
When you use your MyState Bank transaction account for your everyday banking you are building up information behind the scenes that is used to provide you with personalised insights that can help you manage your finances and enhance your banking experience. These Insights can predict when bills are due, whether you have enough funds to cover upcoming expenses, as well the ability to automatically move money to your savings account when conditions allow.
Not seeing many Insights? Using your account for more of your day to day banking and bill payments lets our super smart tech find more ways to help you keep on top of your banking and savings goals.
2 years on and we are on a roll with Insights. Here are some of the many ways we are helping our customers:
- 6,200 nudges are provided every month to help our Bonus Saver customers get their bonus interest.
- 16,500 monthly warnings are sent out about insufficient balances for predicted upcoming spending and bills.
- 150,000 notifications are sent to customers to help them better understand their purchasing behaviour and money movements with our cash flow or purchase analysis insights.
- And wow, 330,000 predictions are given to customers to help them predict the flow in and out of their accounts to help plan for the future.
An Auto-Savings Update
Auto-savings has found and automatically saved almost $2 million dollars for our customers. On average that’s over $2,000 for each of the customers subscribed to the program, with our best performer saving almost $15,000. To be eligible to receive an invitation to use Auto-Savings you must have at least one of the following active transaction accounts: Glide, Everyday, Access, Basic, Fee Cruncher, The Only or Youth.
#1 Insight
Our #1 ranked Insight lets you know what’s coming up in your accounts in the next fortnight. By analysing your transactions and behaviour we’re able to predict your future payments so you can take action if you need to (or just sit back and relax).
