Commerce Bank has launched Virtual Private Bank, the banking industry’s only free, comprehensive financial application that enables customers to securely view all of their financial and related accounts online at-a-glance and in real time.
Virtual Private Bank consolidates a customer’s assets, liabilities, income sources and valuable documents in a web-based platform that updates nightly from nearly all financial providers. With the application, customers can obtain a detailed snapshot of their complete financial information 24/7, from anywhere via the internet.
Among other things, Virtual Private Bank customers can manage and track financial accounts and credit card information, store important documents in an online safe deposit box, named ‘The Vault’, track frequent flier miles and rewards program points, and receive alerts for key account changes.
All data is password-protected in a secure, personal website, and Virtual Private Bank is non-transactional, which makes it impossible for money to be moved in or out of the system.