iBank 5 for Mac Releases with New Features, Huge Improvements

iBank 5 for Mac scheduled transactions.

iBank 5 personal finance software for Mac released today with a whole lot of new features and improvements worth mentioning. This is a full version upgrade for iBank 4 users, and I am looking forward to trying it out and writing a review soon. You'll need to Mac OS X 10.8 or higher to use iBank 5, which is fully compatible with 10.9 Mavericks.

Here's the great new stuff you'll find in iBank 5 (there are a couple of items here that are huge for convenience, in my opinion):

  • Pay Bills: iBank 5 connects via the Internet to most major U.S. banks without leaving the software. Now payments can be scheduled and sent while transactions for payments are categorized in account registers.
  • Automatically Update Transactions: Use Direct Access to connect to over 10,000 banks worldwide, and sync with iBank for iPad 2. Direct Access is subscription service (see cost below).
  • New Budgets: Budget feature automatically uses scheduled transactions, at-a-glance daily progress updates, adjust future budgets and view history. Sync budgets to iBank for iPad 2.
  • Update Everything At Once: Do less manual data entry, or completely eliminate it with the Update Everything button. This imports all account transactions, updates stock and other investment prices, syncs iOS devices (there are iPad and iPhone apps) and downloads Direct Access data.

Other improvements were made for investment and loan support, data import from Quicken for Windows or Quicken Essentials and other personal finance software, new Resolve View with recent transaction activity, better filtering, enhanced speed and many more significant tweaks.

How to Get iBank 5:

Grab the 30-day, fully functional free trial at the IGG Software website. After 30 days, pay $59.99 for a license. If you're using iBank 4, you can upgrade for $29.99 and you can use iBank 5 in free trial mode first, then upgrade within the new version.

Add Direct Access for automatic transaction updates for $39.99 a year, or $4.99 per month.

This service is a real time-saver, especially if you have a lot of accounts. The annual cost comes down $3.33 a month.

Image: iBank 5 Scheduled Transactions