Mint Adds Bill Tracking, Payment To Mobile App

Mint, the personal finance app from Intuit, announced Tuesday (Dec. 6) it is adding bill tracking and payments to its personal finance app.

In a press release, Mint said the new features automatically send reminders, update payment status and suggest bills to sync based on prior transaction history. The tools, said Mint, are designed to take the work out of managing bills.

“While many people budget and review their finances, everyone needs to keep track of bills,” said Al Ko, general manager and senior vice president of Intuit’s Mint business, in the press release “The addition of bill reminders and payment makes Mint the natural home for millions of people, both new and existing users, to have a healthy relationship with their money, reduce stress and, ultimately, achieve their financial goals.”

According to Mint, every year, close to 25 percent of Americans miss a bill payment, which results in late fees, increased interest rates and the potential for it to hurt their credit scores. The missed payments result in more than $77 billion in annual late fees and interest payments. What’s more, Mint said customer research shows people have rather complex ways to manage their money, whether it’s sticky notes or spreadsheets. The Mint app is available for iPhone, iPad and Android, and some of the new features include smart reminders, which will send notifications with bill amounts and due dates; two-tap payments, which learns a user’s payment history so that, in two taps, people can make future payments; quick payments, which expedites payments through Mint, often paying in one day; free payment options, including free checking account payments and bill tracking for an unlimited number of payments per month; and credit score snapshot, which offers in-app, real-time credit score updates from all three major credit bureaus.