HSBC is testing a new app that will make it easier to manage your money and even give you a nudge if you spend too much.

The app, which is currently in beta, will allow customers to see all their accounts on one screen – whoever they bank with.

It won’t be limited to current accounts either, so loans, mortgages and savings accounts from up to 21 different banks including Santander, Lloyds and Barclays will be featured.

Over the coming homes a number of other new features will be added to the app including Safe Balance, which shows you how much disposable money you have until next payday, and Savings Rules, which helps you save by rounding up amounts as you spend as sending the extra to a savings account.

The app will also let users portion their spending into categories, add notes and photos to transactions and analyse spending patterns, so customers can make better informed financial decisions.

We want to provide customers with greater control and make their lives easier

Becky Moffat, head of personal banking, HSBC
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“As one of the UK’s biggest retail banks, it’s our job to understand our customers’ ever-changing relationship with their money and their financial needs,” said Becky Moffat, head of personal banking at HSBC.

“Customers now bank at home, on the bus, at work and even in bed, but managing money is still too often a complex and complicated task. We want to provide customers with greater control and make their lives easier.

“Through our Beta app we want to give our customers a complete and joined-up view of their financial life and make it easier for them to choose confidently, taking the hassle out of checking dozens of statements and manually calculating what’s left.”

HSBC Beta will be trialled with 10,000 HSBC customers from the end of October and is set for general release in early 2018.

Raman Bhatia, HSBC’s head of digital, said: “Lots of people ask us if a big bank like HSBC is relevant in today’s competitive FinTech landscape.

“What sets us apart is that we have millions of customers, which provides a unique insight into how we can continue to improve our digital banking offering.

“The HSBC Beta platform allows us to test, learn and develop in a live environment, and then deploy the new technology at scale.”