Dwolla, a payment network that allows users, either business or individuals to person to send, request and accept money to email addresses, phone numbers, Facebook friends, LinkedIn connections, Twitter followers has today announced it has integrated with Mint.com, a move that will allow users to easily track their expenses and financial accounts easily.
According to Dwolla, the process is simple.
Users can add their Dwolla accounts just like they’d add a bank account by going to Accounts, then Edit, Choose Add Account and type in Dwolla and provide their Dwolla account login credentials. Then transactions will be pulled in and categorized by type, for example expenses from shopping, cab fares, Coffee Shops among others.
Dwolla said they were proud of working with Mint.com. The firm announced,”We’re proud to work with companies like Mint that can innovate quickly, providing both of our customers with the tools that they’ve requested.”
Mint.com track one’s spending across all their accounts, credit cards, student loans and investment accounts to checking accounts. They help users create goals and set up budgets for everything they spend on.
Founded in 2008, Dwolla’s network connects to a user’s bank account to allow them to move money for just $0.25 per transaction, or free for transactions $10 or less and say they are big on safety because users only their email address, phone number or unique Dwolla ID and no personal information is shared.
Dwolla’s integration with Mint.com will help its users track their expenses on the go and know where which money is doing what as Mint automatically organizes one’s spending into categories like rent, gas, clothes, lattes complete with easy to understand spending charts. Users will also get simple steps and free advice, reminders to stick to a budget tailored for them.