Spending
Know where your money goes
The first step to managing your money is knowing how much you spend. Otivo brings all your bank accounts and credit cards into one place, so you can track your spending, see where your money goes and find ways to save.
Get started for freeLicensed financial advice • Read-only access • Data stored in Australia
Spending by category
See what you're spending your money on
Otivo automatically sorts your transactions into categories, so you can see how much you spend on groceries, shopping, bills and more.
You can change categories or exclude transactions at any time.
Recurring payments
Find the subscriptions you forgot you had
See all your subscriptions, memberships and regular payments in one place.
Find out how much they cost and spot opportunities to save.
Ask Otivo
Ask anything about your spending
Ask Otivo questions about your spending and get answers based on your actual transactions.
Find out where your money goes, what's changed and where you could save.
Try asking...
- Where can I cut back?
- How much did I spend last month?
- How much am I spending on coffee?
- What are my biggest expenses?
Limited Ask Otivo access on the Free plan. Unlimited access on Digital and Adviser plans.
You’ve spent $3,420 this fortnight, $808 under your income pace. Hospitality is your fastest-growing category: $486 across 14 visits, up 22% on last fortnight.
How it works
Start tracking your spending in three steps
Create your free account
Sign up to Otivo in just a few minutes. No credit card needed.
Connect your bank accounts
Securely connect your bank accounts and credit cards using open banking.
See where your money goes
Otivo automatically organises your transactions, tracks your spending and identifies regular payments.
Open banking
Connect your bank accounts securely
Open banking lets you securely share your banking information with Otivo without giving us your banking password.
- Choose which accounts to connect.
- Approve access through your bank.
- Disconnect your accounts at any time.
- Otivo can view your transactions but cannot move your money.
Security
Your money and information are protected
Licensed financial advice
Otivo holds Australian Financial Services Licence 485665 and is regulated by ASIC.
Secure Australian data storage
Your information is stored in Australia and protected by encryption.
Read-only access
Otivo can view your transactions but cannot transfer or withdraw your money.
Questions
Frequently asked questions
What is a spending tracker, and how is Otivo different from one?
A spending tracker (or expenses tracker) records and categorises what you spend so you can see where your money goes. Otivo does that automatically from your connected accounts, then uses the same information to give you licensed, personalised financial advice on what to do next, whether that is paying down a card, building savings or adding to super.
Is Otivo a budgeting app?
It does what a budget app does: an app to track spending automatically, sorted into categories, with subscriptions and recurring payments picked out for you. The difference is what happens next. Otivo is a licensed financial adviser, so the same numbers turn into personal advice on debt, saving and super. If you only want a quick manual budget, Otivo's free budget planner needs no account at all.
Which accounts can I connect?
You can connect everyday transaction accounts, savings accounts, credit cards and home loans from participating Australian banks through open banking.
Is it safe to connect my bank account to Otivo?
Otivo is licensed by ASIC (AFSL 485665), stores your data in Australia and encrypts it at rest and in transit. Connecting your accounts gives Otivo read-only access to your transactions. It cannot move money or make payments.
Does Otivo move my money or make payments?
No. Otivo reads and categorises your transactions to inform your advice. It does not initiate payments, transfers or any change to your accounts. If you want to act on advice, you do that with your bank or super fund.
Do I have to connect my accounts to use Otivo?
No. You can answer the questions manually and still get licensed advice. Connecting your accounts saves you the typing and gives Otivo a more accurate picture of your spending.
Can Otivo find subscriptions I've forgotten about?
Yes. Otivo scans your connected accounts for subscriptions and recurring payments, shows what each one costs per week, fortnight or month and which account it comes from, and adds them up as a monthly and yearly total, so the ones you no longer use stand out.
What can I ask Ask Otivo about my spending?
Anything you'd ask a person looking at your transactions: sort your spending from biggest to smallest, group it by category or by shop, compare this month with last, or ask for ways to spend less. Ask Otivo answers from your real, connected transactions.
Can I track daily spending?
Yes. Once your accounts are connected, new transactions are categorised as they arrive, so you can see daily spending as well as monthly totals.
Is connecting my accounts included in the free plan?
Yes. Connecting accounts and seeing your categorised spending are included in the Free plan. Unlimited advice is part of Digital and Adviser.
How do I disconnect an account?
You can disconnect any account from your Otivo settings at any time, and you can also withdraw consent through your bank. Otivo stops receiving new transactions as soon as you do.
Understand your spending. Make more of your money.
See where your money goes, find ways to save and make better financial decisions.