Family Financial Planner

A lot of families prefer to organise their money matters from one ‘purse’. And that is exactly what the Family Financial Planner will let you do – it will give you an overview of all your family’s income and expenses. You can use this information to draw up budgets for you, set goals and more. Every member of your family can share their accounts with everyone else, but you don’t have to share yours in return if you don’t want to.

Share your accounts with other members of your family

Sharing your accounts with other members of your family (such as your partner) means giving them the right to view your transactions. They see your transactions in their Financial Planner, not on an account statement or the balance page. You can always choose who you share this information with and who shares their accounts with you, and you can amend these rights at any time. Sharing your accounts requires absolute trust in the people you share them with. You should bear in mind that every transaction you make – even if you delete them from the Financial Planner or allocate them to one group or another – will be visible to other members of your family using the planner.

Plan together

If you share accounts as part of the Family Financial Planner, this generates a single database of transactions which links (for example) the accounts of both you and your partner. Functions like the financial dashboard, budget and goals take into consideration all of the transactions you and your family members make, although they won’t see the budgets, goals, etc. that you have set up. That way, every member of the family can make their own budget, regardless of the fact that the overall picture on the transactions page is the same.

How do I go about sharing my accounts?

  1. Start using the Family Financial Planner
    Take a look at the Family Financial Planner box-out on the set-up page. Just one click and you will activate the Family Financial Planner. Then you can start granting rights to your family members.
  2. Grant rights to your family members
    Talk about the Family Financial Planner with your family and agree on how you would like to use it. Enter the given names and surnames and the number of one of the settlement accounts of each of the family members who will use the planner (not their Internet bank user name or ID code). The accounts don’t have to be linked to the Financial Planner – this is just to check that we are dealing with the right people. Next, send your family members invitations to start sharing your accounts. If you like, you can reword the text of the invitations.
  3. Choose the accounts you want to share
    Select the accounts you want to share with your family members. These will then appear on the transaction page of your family members’ Financial Planners, linking all of the income and expenses of your family.

  • I can already see my family’s accounts. What do I have to do to start using the Family Financial Planner?

    If you can already see your family’s accounts in the Internet bank (such as on the summary statement page) without using the Family Financial Planner, the members of your family must have been added to your Teleservices agreement. In this case you don’t need to use the Family Financial Planner, since you can already choose your family members’ accounts by clicking on ‘Financial Planner set-up’.

  • I’m sharing my accounts with someone in my family but don’t want to any more. What should I do?

    You can always check on the set-up page what accounts you have shared and who you have shared them with. You can cancel rights you have already granted or change the accounts you are sharing. On this page you can also see who is sharing their accounts with you. You can remove people here, too.

  • I’ve shared my accounts with my family but I cannot see their budgets and goals. Why?

    The Family Financial Planner only links transactions. On this basis, every member of the family can draw up their own budgets and set both family and personal goals. However, these budgets and goals are not connected to the planner; only the transactions are that increase budgeted costs or help bring you closer to achieving a goal. Budgets and goals are personal.

  • Can I share other people’s accounts?

    Although you may be able to see other family members’ accounts on the Financial Planner set-up page because of your Teleservices agreement, you can still only share your own accounts. For other members of your family to share theirs, they have to do so themselves as part of the Family Financial Planner.
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