New Banking App Feature Removes Group Bill Splitting Annoyance
You know that moment at the end of a great night out with friends when the bill comes in and then there’s that awkward silence? Yeah, that’s too familiar.
Now there’s an easy-to-use solution that helps you avoid having to chase someone down for your money back, or even just have the “who’s got what” conversation with friends.
Available for free today in the RBC Mobile Banking app, Share with friends helps Canadians simplify the way they manage and pay their group bills. The feature allows users to split the cost of an expense among a number of contacts, request money, and track who paid (hello, convenience).
This simple solution to a common problem is a first for Canadian banks and the latest benefit added to RBC Advantage — RBC’s current banking offer. To use the feature, all you have to do is enter an amount to split, select the beneficiaries, and submit the request. Users can choose specific amounts to be split unevenly or split the amount evenly among their contacts.
The release of Split with Friend also comes at an opportune time, as we slowly return to our pre-pandemic lifestyles. Imagine reducing the hassle of splitting expenses on things like group travel, a restaurant bill, or keeping track of who gets paid (and who doesn’t) for sports and activities. team ?
And since the new feature is built into the RBC Mobile app, you can rest easy knowing your money is safe, while benefiting from other industry-leading digital security tools like RBC 2-Step Verificationtwo-way fraud alerts and fraud monitoring.
A new feature designed to meet user needs
Over the past two years, RBC has seen a significant change in the way Canadians manage and move their money. More than ever before, clients are using their mobile devices to stay in control of their finances, and the number of clients sending and receiving money through the RBC Mobile app has jumped dramatically.
In the fall of 2021, RBC also conducted an Angus Reid poll, which found that Canadians are spending more time and money online. According to the survey, young people are increasingly using digital tools and advice to manage their day-to-day finances, and Canadians aged 18 to 34 are the most likely to use digital apps to increase their financial knowledge.
The survey also showed that as Gen Z and Millennial Canadians continue to manage their spending habits, they are using digital tools to not only help them stay conscious about their personal finances, but also to they feel more in control of their finances.
To learn more about Share with Friends or to download the RBC Mobile app, go to RBC website.
These are the findings of a study conducted on behalf of RBC from October 4-6, 2021. The nationally representative sample was made up of 1,508 Canadians who were members of the online Angus Reid Forum, balanced and weighted by age, sex, region and educatetion. Respondents had the option of completing the survey in English or French. For comparison purposes only, a sample of this size would yield a margin of error of +/- 2.5 percentage points, 19 times out of 20.