We’re so excited to preview the new Banktivity. If you haven’t been following along I recommend you read about our forthcoming “subscription that doesn’t suck” and “services roadmap” as they are both related to our new release.

This is going to be a long post where I cover changes coming to both our Mac, iPhone and iPad products. Please note that the screenshots you see in this post are not final and are likely to change before the final release. Having said that, let’s dive in!

Banktivity for Mac

Apple Silicon and Big Sur

In June 2020 Apple announced they are developing new Macs that no longer use Intel processors. The new hardware will use “Apple Silicon” – or more commonly known as ARM processors. Although we don’t know the final specs of the new processors or what they will even be called, we do know they are based on the SoC (system on a chip) processors that Apple has been shipping in their iPhone and iPad for years.

In order to take full advantage of this new hardware, apps need to be compiled to run natively on Apple Silicon. I’m happy to announce that the new Banktivity will run natively on both Apple Silicon and existing Intel Macs. We already have our hands on a Developer Test Kit from Apple that lets us test our app on the chips.

Apple expects to release macOS Big Sur sometime this fall. Big Sur has some of the biggest user interface changes to the Mac operation system in years. Toolbars, sidebars and window chrome (or lack thereof) look really different on Big Sur. The new Banktivity fully adopts this new look and feel.

To get a sense of how the new Banktivity looks on Big Sur, check out this screenshot:

Banktivity on Big Sur
Banktivity 8 on Big Sur with new sidebar and toolbar

Financial goals

Banktivity has always been a great app to see all of your finances in one place, to answer questions about spending, investing and taxes. Banktivity’s budgeting system helps you make sure you have a plan for how you want to spend your money. 

Now we’ve taken it to a new level. I’m proud to announce that our team has added a powerful new suite of features into Banktivity called Goals. Goals help you easily plan for major financial events. Reach the financial milestones that are important for you, no matter where you are on your financial journey. Just starting to take managing finances seriously? You can set a goal of saving up an emergency fund. Experts agree, building an emergency fund should be one of the first things you do when getting on top of your finances. Perhaps you’ve been saving for years and want to plan how to fund your children’s college expenses while also trying to save for a kitchen remodel. Someone else might be trying to understand if they are on track to be able to retire when they want. And who doesn’t have the very worthy goal of paying down credit card debt? 

Goals in Banktivity cover all of these financial milestones.

  • Build up an Emergency Fund
  • Pay down credit card debt
  • Save for vacation or other
  • Save for education
  • Plan for retirement

Here is a screenshot showing our new goals page. It’s the place to go to see if you are going to hit your important financial milestones.

Banktivity goals
Goals (light mode)

Goals not only let you set a stake in the ground, “I want to save this much for my emergency fund by this date.” They also help you track how well you are following your plan to reach that goal. Each goal is just that, and endpoint and a plan to help you stay on track to achieve the goal.

I’m particularly proud of our Plan for Retirement goal. It incorporates a ton of math that you really would never want to try and do by hand. The end result is a plan to help you retire when you want, with enough money to live through your golden years. Of course, if you enter numbers that don’t match your financial reality, it will politely let you know there’s no way you are going to get that retirement you want. We like keepin’ it real here at IGG.

Here is a screenshot of an education goal (top) and the plan for the retirement goal (bottom). The plan for retirement goal calls out the important milestones for your retirement while seeing how your money will stretch over your lifetime. For example, in this screenshot, you can see that Steve can first stop working (at age 59!) and start withdrawing about $4,000 from his retirement accounts. Then the other milestones indicate when he can withdrawal from social security, when his spouse, Amy, can retire and so on.

Banktivity retirement plan graph
Save for education and plan for retirement goals in Banktivity 8.
Another screenshot of goals in light mode

Our goals also incorporate into other parts of our app. For example, if you set up a goal to save for education and build up an emergency fund, we earmark those funds in the affected accounts. Similarly, if you use envelope budgeting, you can fund the appropriate goals by moving cash to them similar to how you move money between envelopes.

Summary

Our new Banktivity for Mac includes full support for Big Sur including a fresh UI. It will also run natively on Apple Silicon. Our new goals feature lets you plan and hit your financial milestones like never before possible. The goals feature also includes a powerful retirement planner. I don’t know of any other financial app out there that incorporates such powerful goal planning and tracking.

But we didn’t stop there, we’ve also added additional improvements and enhancements through the app, like Touch ID to unlock documents, new statement summaries, a preference to choose what account value is shown in the sidebar and more.

News on Banktivity for iPhone and iPad

First, I want to start with an announcement that has been long overdue: Banktivity for iPhone and iPad is now a single universal binary! Finally! This means we just have one app that works both on iPhone and iPad. Additionally, this means that you get the exact same features regardless of which device you are on. From a development standpoint, we refactored a ton of our code – leaving us able to add features and fix bugs on Banktivity for iOS an iPadOS more quickly.

Updated UI and Dark Mode

We’ve taken what we liked best about our iPhone app’s more modern UI, combined with what we liked about our iPad version to achieve one new modern UI. We’ve also implemented Dark Mode throughout the app. 

Take a look at some of these screenshots to get a sense of what the new UI looks like in Dark Mode.

Banktivity summary iPad
New Summary screen on iPad draws heavily from our Banktivity for iPhone.
Banktivity budget iPad
Refined budget screen with new target balances for envelope budgeting. This customer needs to fund their over expenditure on Recreation/Hobbies!
Account view Banktivity iPad
Checking account view on iPad
Refined account view on iPhone. Scrolling down further reveals the transactions for the selected date range.
Transaction list on iPhone
Transaction list on iPhone

Statement Reconciliation

Customers have wanted to reconcile statements on their iPads and iPhones for a while now. In fact, it has been one of our most requested features. I’m happy to announce that statement reconciliation is coming to Banktivity for iPhone and iPad. So now you can reconcile on any device, iPhone, iPad or Mac and always have the most updated picture of your finances.

Statement editor Banktivity iPad
Reconciling a statement

Portfolio

Our previous versions of Banktivity for iPhone and iPad have always had a way to get a little glimpse of how your investments are performing. But we ripped that screen out and built a much more robust portfolio view that is very similar to our Mac portfolio view. For each of your investments you can see gains, shares held, IRR, and more.

The new portfolio view also allows you to edit a security’s price. This has been a highly requested feature and it is particularly helpful for those that hold securities that can’t be updated automatically.

Banktivity portfolio iPad
New portfolio view for monitoring your investments. You can also type an amount to edit the price of an investment if necessary. Prices with an * indicate the app doesn’t have today’s price.

Hide your net worth on iPhone

Swipe to the right to redact your net worth and keep it from whoever is standing next to you! 

Redacted net worth on iPhone

Banktivity for iPad and iPhone Conclusions

Feature parity across platforms is the direction we are heading in and adding the portfolio view and statement reconciliation is a good first step in getting us there.

We made our first iPhone app over 10 years ago. Back then iPhones were slow and the frameworks that Apple provided to make apps were immature, to say the least. It was a coding triumph to get our app using a SQLite database on the iPhone back in 2009. Now you can get going with a SQLite-backed Core Data-based iPhone or iPad app in minutes.

As iOS devices have matured and evolved so have the expectations of what customers want to do on their phones. While our Mac app has always been the “most powerful” of the Banktivity apps, we realize people want more and more of our Mac-only features on their iPhones and iPads.

We are excited to get these new versions of Banktivity out so people can take total control of their finances, no matter what device they are on. We don’t have a release date yet, but it will be before the end of the year. Under the hood, these take care of a lot of technological debt we’ve built up over the years. Going forward, we are happy to be better poised for more nimble development.

Ian G. Gillespie
President
IGG Software, Inc.


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136 comments on “What’s new in Banktivity

  • I was happy to check out the beta and deploy it across my Mac, iPhone and iPad. I’ve been using Banktivity for years, and have been mostly happy with it.

    I was beyond disappointed that you are extending one of the worst features of the iPad app. The default ‘report’ that tries to highlight the latest month, except when it won’t. so every time I look at the register I now have to modifiy the bars on the monthly part of the screen befoer I can look at the current month. I’ve reported this as an issue multiple times every time there is a new revision and was beyond annoyed to see it’s spread.

    The use case is if I enter a future transaction in the following month. Say a one time purchase pre-order for something. Now, every time I open the app and go to checking it then moves to that future month instead of the current month. So I then have to find that part, drag the calendar back to the current month to look at the current month. This setting resets every time you leave and re-enter that checking screen, adn there are no settings/adjustments to turn that off. I just want to see the current month + anything else later already entered.

    Also, I still can’t unmatch/rematch a downloaded transaction when it does a bad match.

    Scheduled transactions are very cumbersome on the mac, and hard to use. Why we don’t have similar behavior between all three now is frustrating. On the iPad it’s best to enter the recurring transactions, as I can match if it already downloaded or many things, but creating while easier to do on the mac is much harder to find (under settings?) and entering them can only enter, no matching of an existing transaction.

    These are annoying stupid things that should be addressed.

    • Hi Tom, thanks for the feedback I appreciate. Your use case for why our default selection on the report on iPad is very helpful. I have a developer looking at this.
      I too want better match, un-match and rematch on iOS – it just didn’t make the cut for the initial launch. I hope we will be able to check these issues off the list as our app marches forward.

      • +1
        I too have this issue with the selected view jumping to the future (on iPad) if future dated transactions are present. It should really default to ‘current month’ and any future months that contain transactions. I reported it as a ‘bug’ during the beta.

  • 1. Has the issue of totals/subtotals in reports been resolved when expanding a category. If a category has $500 total and you expand the category to see the subcategories, the category heading goes to $0 which makes no sense. There is no way to see a subtotal when subcategories are expanded.
    2. For Canadians – have you implemented Average cost in calculating investment capital gains?
    Just two of the many features/fixes that have been requested way back when. and ditto to Tom ‘s

    • Hi, thanks for the comments. For question #1, this is by design. Some customers categorize transactions at the “parent” level. So say you have Auto, Auto:Fuel and Auto:Service. When the category is collapsed, we sum up everything. When it is expanded, we show the amount in all three categories because some customers might have an amount in just “Auto”.
      For number 2, we haven’t implemented this yet, but it is on our list.

      • Hello Ian. Although Banktivity 8 is a good upgrade overall, the inability to have the iPhone/iPad show “Transactions View” as a default like the Mac is the one major flaw I have found. The bar sliders work sometimes, but often end up freezing the app requiring a restart. I often open an account wanting to scroll back through transactions (especially for accounts that do not have a lot of activity). I do the same on my Mac, but at least there I can set the default view to “Transactions” so it is simple. I submitted this as a request but am posting this here hoping other users will also submit it or at least add their support to my request.

        • The app shouldn’t be freezing! I tried testing this some and I wasn’t able to get it to repeat. If you are still seeing this issue on 8.0.3 please let us know!

          Thanks for the feedback on having “Transactions View” as opposed to the bar graph, which drives which transactions you see.

          Please note, you can select multiple bars at once and the app should remember this selection between launches of the app.

          • It is definitely working better (i.e. not freezing) in 8.0.3. And you are right about being able to select multiple bars (I just dragged the left slider as far as possible held it there) and as you noted, the app does remember that period for transactions. Would still prefer the option for Transactions view without the graph removed, but this is a very viable workaround.

            Great update and thanks for answering my question in The New Banktivity, now available blog as well.

  • I am on seven and have updated to the next version since 3 or 4, I forget which, but this version worries me. I don’t use Direct Access and I don’t download anything, but I do track my investments by manually putting in the transactions. I don’t need iPad or iPhone version since I’m retired. I am worried that the stock prices will no longer update if I stay on seven. I have some questions: (1) how long will seven be supported? (2) where is the data stored:your Cloud Servers or my MAC? Thank you

    • Hi James, thanks for being a long time customer. We don’t have a date set for when v7 stock prices will stop working.

      All of your data is still stored on your device – that hasn’t changed with the new version. (If you use Cloud Sync, then an encrypted copy of your data stays on our servers.)

  • Hi I’ve got version 7 which I paid for – I live in Australia and recently some of my shares no longer update their prices and looking online this is a common problem. If I upgrade to version 8 is this problem fixed – if not it’s Banktivity is not really suitable for the Australian market anymore – I appreciate we must be small compared to your US customers but it would be good to be honest with potential Australian customers before they buy your software

  • I am using v8 on my Mac, iPhone and iPad, for both my personal and business accounts. While there are always improvements that can be made, my main purpose here is to thank you for delivering a superb app that takes care of almost all my needs. I like the consistency of presentation between the different devices, and the user interface is clean and appealing to me. The automatic transaction updates for my (Canadian) bank accounts and credit cards are working well. I will be recommending this software to anyone interested in managing their bank accounts and investment portfolios.

  • I’m a long time Banktivity user, even after using MS Money and Quicken before Banktivity. I never liked that I had to purchase new versions of Banktivity, and for multiple devices. But I tolerated that, because I really like the Banktivity apps and cloud sync’ing. So still good value. Because of the features I use, it looks like I have to go with the gold plan for $99. That’s a lot! But I understand that I can downgrade to the bronze subscription next year to save money but still keep the gold feature-set. I appreciate that, but until now, I have been telling my friends and colleagues about how great Banktivity is. But now at this price point, I can no longer recommend it.

    I’d like to suggest that to boost/maintain some good will with customers, that for existing customers who move to the subscription model by the end of 2020, that you give us 2 years for the price of one. I believe this would help you meet your goal of moving customers to subscriptions, but also gives us, your customers, a bit of a break. I gather from reading other blog comments that the subscription model is not popular with everyone. I hope you’ll consider this. Cheers!

  • Will Banktivity 8 support download of Australian stock prices. IE ASX. Banktivity 7 and previous versions did for years but that stopped working earlier in 2019

  • Thanks for an amazing set of Apps. Looking forward to upgrade this weekend.
    Do you have any plans for Shortcuts support in iOS/iPadOS versions of Banktivity?

    • Thanks for the kind words! We have considered some shortcuts, but in full-disclosure we are working on some other features right now. What type of shortcuts would you like to have?

  • I have been a ibank/banktivity user for a while and upgraded to v8 and am very impressed

    the iOS and iPadOs and macOS apps integrate really nicely and especially the iOS and iPadOS versions are now much easier to use (can actually update stock purchases now)

    Also searching for categories is now so much easier.

    I have not yet setup a new budget for 2021 which I will be doing in December and hopefully this now works better to (used to be a real pain if you changed a bill, £40 per month instead of £50 often resulted in past budgets being updated as well and not just looking ahead from the date of change) and the long list of scheduled bills could not be ordered so you had to go thru each one to find the correct scheduled bill

    hopefully will also be able to include tags in budgets from now on

    have subscribed to the highest tier of support because of multicurrency and although it is a bit more than I like to pay I hope it means product improvements will keep on coming.

    also looking forward to having openbanking standards implemented at some point as manually entering transactions from banks and credit cards is a bit tedious but have gotten used to it

    The goals section is not something I use as retirement only seems to be useful for US based users, perhaps you could also do something about using UK house price data, zoopla.co.uk for instance provide this data

    Anyway am really pleased with this new version

    thank you

  • I live in New Zealand and have been using I Bank and later Banktivity for a long time. Please let me know the cost to upgrade to Banktivity 8 from Banktivity 7?

    Thank you.

  • For Brazil end of day prices (and historical!) , what is the Symbols for Brazilian stock? For exemple, Ambev when yahoo Finance was used by Banktivity his symbol was http://ABEV3.SA. Yahoo used to add .SA at the end of the symbol.

  • The iOS versions need a search bar to be able to find and filter transactions. The only way I have found to look for a specific payee is to just scroll through looking in various accounts.

  • Great product. We have been using since iBank days… Appreciate all the work your team puts into Banktivity! We use MAC-OS, IPAD-OS, and IPHONE-OS….
    There are a few items I would like to put forward….
    1. Are you working on adding TAGS to SCHEDULED Transaction Templates? Towards the end of the month I POST all scheduled transactions for the next month. Then, I go back and add the TAGS to them. It would be helpful to already have the TAGS already part of the TEMPLATE for the SCHEDULED Transaction.
    2. Some of my Scheduled Transactions have variable amounts from month to month, like utility bills. It would also be helpful for the scheduled transaction to reflect the previous month amount. Right now, I use an average that reflects the YEARLY Budget divided by 12 to get a monthly amount. However, some bills have big differences from month to month, depending on the season.
    3. On my IPAD I was trying to post a Scheduled Transaction that was for the end of the next month. All I could “see” were Scheduled Transactions that were occurring prior to the 8th of the next month. My work-around was to post the transaction from the “+” button. Since I post all my scheduled transactions a month in advance it would be helpful to do this on my IPAD. My other work-around is to use my MACBOOK (when not traveling) which does not have the limitation that is on the IPAD.

    These are items that would be helpful.
    Thank you,
    Steve Maggiora

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