Money management tools in the Capital One Mobile app

Keeping tabs on your money is key to reaching your financial goals. But managing your money isn’t always easy—especially when you’re balancing busy schedules, professional demands and personal commitments.

Luckily, there are some mobile money management tools you can use to monitor your financial accounts, track spending and more. And many of them are built directly into your Capital One Mobile app. Learn more about how you can use digital tools to help manage your money on the go.

What you’ll learn:

• Money management apps are digital tools that let you monitor your accounts and control your finances from your cellphone, tablet or computer.

• Money management tools are generally safe, but it’s important to do your research and find a trustworthy app before connecting your bank account.

• Capital One’s suite of digital tools allows you to service your account 24/7, set up fraud alerts, review transactions and more.

Money management apps, tools and features can help you achieve your financial goals. The Capital One Mobile app offers several tools that can help you monitor your Capital One bank accounts and track your spending.

Here are six ways you can use Capital One’s suite of digital tools to help optimize your finances—all from your phone, tablet or computer.

The Capital One Mobile app can make monitoring and managing your finances easier than ever. You can keep track of your Capital One savings and checking accounts, credit and debit cards, and auto loans in one place.

Tapping into these digital tools can also put enhanced account controls right at your fingertips. For example, the Capital One website and app offer 24/7 access to your accounts and balances. With just a few clicks, you can:

• Check credit card balances

• Make one-time bill payments

• Set up automatic payments and transfers

• Manage payment due dates

• Use Zelle® to send and receive money in minutes

• Deposit a check using your cellphone

You can even reach out to Eno, your Capital One virtual assistant, for additional account information. For example, you can chat or text with Eno and get insights into payment due dates or unusual account activity. Eno can also answer account questions, activate a new credit card or update your personal information.

Tracking your spending can provide clarity about your spending habits. It can also help you create a budget and make decisions that get you closer to your savings goals.

Some people prefer to manually track expenses using a spreadsheet or even pen and paper. But a digital app lets you keep tabs on expenses no matter where you are. For instance, the Capital One Mobile app gives you an at-a-glance, real-time look at your expenses and Capital One account balances. You can even ask Eno for a list of your most recent transactions or an update on your credit card spending limit through the app or via text message.

Recurring payments are charged to your account at predetermined, regular intervals. Some of the most common examples include monthly payments to a media streaming service, your gym or your utility provider.

Signing up for recurring payments can be convenient. In many cases, you can “set it and forget it” and never worry about losing access to a service or running out of a product you use regularly. However, tracking and managing subscriptions and other recurring payments isn’t always easy, especially if you tend to pay your credit card bill without examining each transaction. And if you’re not careful, you could end up paying for a subscription you no longer want or need. 

That’s where Capital One’s subscription management tools can help. You can log in to your Capital One Mobile app to view a snapshot of upcoming bills, manage subscriptions paid with your Capital One card and see the expected dates of your next payments. That way, you can decide whether you’d like to cancel the service before you’re charged.

Virtual cards help you to shop securely online without needing your physical card on hand. They’re unique, digital-only card numbers linked to your credit card account. And eligible Capital One credit cardholders can easily access and manage virtual cards directly in the app. 

You’ll proceed through the checkout process the same way. But instead of inputting your physical credit card number at checkout, you’ll use your virtual card number.

Using a virtual card number means you don’t have to share your actual account number when shopping online. And that could help limit how much of your personal information is exposed if your data is compromised in a data breach. Plus, you can lock, unlock or delete your virtual cards for added control and security while shopping online.  

In 2024, the Federal Trade Commission (FTC) received roughly 2.6 million reports of fraud, with consumers losing nearly $12.5 billion to scammers. As the world becomes more and more connected, it’s even more important to protect your money and personal information from fraudsters. 

Fortunately, tactics like checking your credit card statements, using strong passwords and monitoring your credit can help you prevent and identify fraud. You can also set up fraud alerts using a mobile banking or money management tool. For instance, the Capital One Mobile app offers security features like:

• Proactive fraud alerts to help protect you and your money

• The ability to lock a lost or stolen card to help prevent fraudulent purchases

• Instant purchase notifications that let you monitor transactions in real time

Simply sign in to the mobile app to set up alerts and enjoy more control over your financial security.

Your credit scores are a key indicator of your financial health. And routinely monitoring your credit scores and credit reports can help you understand where you stand in the eyes of potential creditors. With that in mind, consider finding a tool that gives you an overview of your credit health.

CreditWise from Capital One makes monitoring your credit simple. The app shows recently reported account balances in your credit report and helps you track your credit utilization. It also alerts you to select changes in your credit reports and lets you know if your personal information has been found on the dark web. This could help you spot identity theft or fraud and react faster to protect your identity.

CreditWise could also give you insights into tactics that could strengthen your finances, like paying down credit card balances and lowering your credit utilization ratio.

You can also get free copies of your credit reports by visiting AnnualCreditReport.com.

Get answers to commonly asked questions about money management apps and tools.

Using money management features from Capital One can be an effective way to get more control over your finances and monitor your accounts on the go. 

Ready to make financial management even simpler? Download the Capital One Mobile app today and check out the money management tools housed in one convenient place.