With the latest iOS 17.4 update, Apple is adding an easier way for Apple Card, Apple Cash, and Savings with Apple Card users to track their balances and transactions, TechCrunch reports.
With the update, third-party budgeting apps can automatically import information from Apple's financial services via the iPhone manufacturer's FinanceKit API.
Budgeting and money management apps YNAB, Monarch, and Copilot all support the new feature, which you'll need to set up manually from within their respective apps. After setup, YNAB notes that transactions should be automatically imported when you open their app, or even done while their app is running in the background.
Apple Card is the credit card that Apple launched in 2019, while Apple Cash is actually a prepaid debit card that lives in Apple Wallet and lets you send and receive money via iMessage, or spend via Apple Pay in the online store and in apps.
An Apple Savings Account is a place to earn interest on your Apple Card cash back and any extra money you want to store.
The YNAB post also notes that the feature is available exclusively in the US, since that's the only country where Apple offers the Card, Cash, and Savings account.
The feature differs from a similar Apple Pay initiative that Apple launched in the UK last November, which allows Apple Wallet to show balances and transactions from compatible third-party bank accounts.
And that's not the only money-focused feature arriving as part of the iOS 17.4 update. In the European Economic Area, the update also allows third-party developers to use the iPhone's NFC features to offer contactless payments, following an antitrust investigation conducted by EU regulators.
The update also features a rollout of Apple's compliance with the European Union's Digital Markets Act, including support for third-party app stores.