Bank to help customers with budget planning in an epidemic
Australia’s largest bank CommBank (CBA) has added a new service to its application that will help customers manage their finances and budget plans in the context of the coronovirus epidemic. This was stated on the financial institution’s website.
New option called Coronavirus money plan This will allow you to keep track of funds, prepare a budget, and find sources of financial support, taking into account the impact of coronacrisis on the bank customer. In particular, through the application you can find out whether the user has to get financial assistance for the duration of the epidemic, budget for the time of emergency, customize the loan repayment schedule for the quarantine period, Apply for financial aid, etc.
According to CBA Retail Banking Manager, Angus Sullivan, the new facility will allow customers to adapt to a new living situation, helping them assess their current financial situation, find additional sources of financial support, and tools and functions. You can plan expenses using which are already available in CommBank application.
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