iPhone budgeting apps can now import Apple Card and Cash transactions automatically

Explore the convenience of Apple Card and Cash transactions with the latest iOS 17.4 update. Discover seamless budgeting integration for financial ease.

Mar 7, 2024 - 11:21
Mar 11, 2024 - 16:22
iPhone budgeting apps can now import Apple Card and Cash transactions automatically
iPhone budgeting apps

Through the latest iOS 17.4 update, Apple is simplifying balance and transaction tracking for Apple Card, Apple Cash, and Savings with Apple Card users. Third-party budgeting apps like YNAB, Monarch, and Copilot can now automatically import data from Apple's financial services using the FinanceKit API. Users need to set up this feature manually within the respective apps. Once configured, transactions should be imported seamlessly, even when the app is running in the background.Apple Card, introduced in 2019, is Apple's credit card, while Apple Cash serves as a prepaid debit card within Apple Wallet, facilitating money transfers and payments via iMessage or Apple Pay. The Savings account is designed for earning interest on Apple Card cashback and additional funds.It's important to note that this feature is currently limited to the United States, where Apple Card, Cash, and the Savings account are available. This functionality differs from a related Apple Pay initiative in the UK, launched in November, which displays balances and transactions from compatible third-party bank accounts within the Apple Wallet.

The iOS 17.4 update introduces not only this money-related feature but also enables third-party developers in the European Economic Area to utilize the iPhone's NFC capabilities for contactless payments, a development prompted by an antitrust investigation by EU regulators. Additionally, the update marks Apple's compliance with the EU's Digital Markets Act, incorporating support for third-party app stores.

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