RBC: “Unique” Selling Feature

RBC (a Canadian Bank) has recently introduced something I’ve been wanting for the past few years — an integrated finance tracker that analyses your purchases. This means, you know where your money’s going in a simple pie chart, rather than having to export it into another program like MS Money or Moneydance.

The downfall? I’m with Bank of Montreal. The question is — is this a killer feature worth the hassle of switching banks for? Or is BMO just slow to the party, and its coming?

Canadian banks, while some of the most stable in the world, tend to be quite slow at responding to market demand. For example, in the USA, an iPhone app is common place among the larger banks, but in Canada, only 2 banks have one — again, the two banks I’m not a client of.

This is what I’d like to see from BMO (at a minimum):