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iAppalooza Finance: ANZ goMoney

I’m the resident ANZ customer pulled in to test ANZ’s new goMoney app. And somehow that ended up meaning I had to send Nick $5 to ‘test’ things. But isn’t this app free? Damn you, Broughall! Luckily ANZ goMoney made me the happiest I have been with a bank service since net banking first hit the scene.

It’s worth a close examination, because you rarely get something this clever for free from a bank. After it installs, it takes less than a minute to get started. You login with your net banking details to kick things off, then select a PIN. Add your mobile number, receive a text with an authentication code, type that in, and you’re all good. From here out just use the PIN to get into the app.

From there you have your account details for all linked accounts with one touch access to recent transaction histories, which is much simpler than what you find on the typical web-based internet banking interface. But it’s really the Payments section that makes this app a big winner.

In Payments you can transfer money between your accounts (again, the interface is a breeze), and you can Pay Anyone using the traditional direct transfer to an account / BSB combo.

Then there is ‘Pay to Mobile’, which lets you send someone up to $1,000 with nothing more than their mobile phone number. Type in the number (or select a contact), the amount, your name, and a message. They will receive a text message with the details and a link to https://collect.anz.com/. They have seven days to claim the cash, or it cancels and goes straight back into your account.

When Nick went to collect his $5, he found a slick web interface where he added his account and BSB details. There is also one final check, a code that I had to give him separately, as a final verification that I’ve sent the money to the right person. With that number added, the money is all Nick’s. Now I just hope he’s going to buy me a drink.

After you have sent someone a payment, you can track all outstanding payments, so you know what hasn’t been collected yet, and how many days until the payment will expire back into your account.

It’s all just so elegant. If you’re an ANZ customer, this is heaven. If you’re not, go hassle your bank about why you don’t have anything quite so clever. Or change banks. You can get ANZ goMoney right here.

[ANZ goMoney is currently advertising around our iAppalooza series. But honestly, this app is as good as I've said it is.]

iAppalooza is Gizmodo Australia’s showcase of their favourite iPhone apps across a range of categories.

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