SOURCE: Bank of Internet

Bank of Internet

February 24, 2011 09:30 ET

Bank of Internet Teams With Intuit Financial Services to Help Customers Save Money With FinanceWorks™

SAN DIEGO, CA--(Marketwire - February 24, 2011) - Bank of Internet USA is pleased to offer FinanceWorks™, a new financial management solution that provides consumers a complete and easy way to budget, gain control over their spending and save more during these tough economic times.

FinanceWorks™ and Bank of Internet's online banking platform enables customers to track, budget and pay all of their bills in one place while receiving a comprehensive overview of their entire financial picture. Bank of Internet has teamed up with Intuit Financial Services to give customers the ability to combine personal account information from more than 16,000 financial institutions and credit card sites all at Bank of Internet's website, http://www.bankofinternet.com.

Powered by Quicken, FinanceWorks™ enables consumers to establish budget goals, see where their money is going, and get detailed insight into their spending behavior. The tool analyzes spending behavior and makes suggestions that can lead to significant savings over time.

"Budgeting and money management are top of mind for customers," said Greg Garrabrants, President and CEO of Bank of Internet. "Providing technology that is simple to use is key for our customers, FinanceWorks™ allows anyone to take control of what can be a very confusing process and displays their financial picture in one secure place, in an easy to understand format. It's like having your own personal financial advisor."

All of these tools, plus the ability to receive financial alerts via e-mail are now available through one secure login to Bank of Internet's Online Banking. FinanceWorks™ is available, free of charge, to all Bank of Internet customers.

FinanceWorks™ provides an easy to use and convenient solution that helps consumers:

  • Manage financial accounts across 16,000+ institutions all in one place
  • Analyze spending behavior and find ways to save
  • Ensure bills are paid on time
  • Simplify managing a budget and help reduce debt
  • Track business income and expenses in personal accounts
  • Get organized for tax time

"We encourage everyone to log in to http://www.bankofinternet.com to sign up for FinanceWorks™ free of charge," said Mr. Garrabrants. "New customers can go to our website to open a new account so that they can access this new online financial management tool."

About BofI Holding, Inc.

BofI Holding, Inc. (NASDAQ: BOFI) is the holding company for Bank of Internet USA (the "Bank"), a nationwide savings bank that operates primarily through the Internet. The Bank provides a variety of consumer and wholesale banking services, focusing on gathering retail deposits over the Internet, and originating and purchasing single and multifamily mortgage loans, and purchasing mortgage-backed securities. BofI operates its Internet-based bank from a single location in San Diego, California. For more information on Bank of Internet USA, please visit http://www.bankofinternet.com.

For up-to-date company information and facts and figures about BofI Holding, Inc. visit www.bofiholding.com or contact Kristi Procopio at (858) 704-6239.

About Intuit Financial Services
Intuit Financial Services (formerly Digital Insight) helps banks and credit unions grow by making it easier for consumers and businesses to manage their money. As a division of Intuit Inc, Intuit Financial Services' portfolio of on-demand solutions and services are built on insights gained over three decades working with customers and creating innovative offerings that anticipate their needs.

Intuit, the Intuit logo, Intuit Financial Services, Digital Insight, FinanceWorks and Quicken, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.

Contact Information

  • Contact:
    Kristi Procopio
    (858) 704-6239