what service does a financial institution offer to help you track your money?

A financial institution offers an account statement or online/mobile banking service to help you track your money. These tools let you see deposits, withdrawals, balances, and spending history in one place.

Quick Scoop

Core service that tracks your money

The main service used to track your money is your bank’s account and transaction reporting , usually delivered through:

• Online banking dashboards
• Mobile banking apps
• Monthly or on-demand statements (paper or electronic)

These show:

• Current balance in checking, savings, and sometimes credit accounts
• Every transaction (date, amount, merchant, type)
• Running balance so you see how your money changes over time

Extra tools many banks now include

Alongside statements and basic online banking, many institutions now bundle:

• Budgeting tools that categorize spending by type (food, rent, subscriptions, etc.)
• Spending alerts or notifications when you spend over a set amount or at specific merchants
• Goal trackers to monitor saving for things like emergencies, trips, or big purchases

Simple way to phrase the answer

If this is for a quiz or test, the expected answer is usually something like:

• “Online banking service”
• “Account statements”
• Or more generally: “A money-tracking or budgeting tool provided through online banking”

All of these refer to the same basic idea: the bank’s service that lets you view and monitor your account activity so you can keep track of your money.