BetterMoney is an account aggregation tool created by AMP. It is designed to give you a little help with decisions about your money.

BetterMoney helps you make better decisions about your money. This starts by getting the whole picture - connecting your bank accounts, credit cards, loans, superannuation and investments.
We do this by asking you to link each account using the password details for that account.
The connection to your bank is managed by Yodlee, an online banking solution provider that connects to thousands of online banking websites and financial institutions worldwide.
Yodlee uses your details to log into financial institutions on your behalf, retrieve your transactions and import these into BetterMoney. Once retrieved, we quickly and automatically categorise your transactions, giving you a complete financial picture.

You will need to change your password in MyAMP.
Go to MyAMP and log in.
Go to ‘My Details’ in the menu, choose ‘Change password’. You’ll need to complete your Current and New password and save the changes.

We require these details just once so we can establish a secure connection with your financial institution. Whether it’s a bank, credit union, mortgage account or super fund, these details allow us to retrieve your balances and transaction history.

In the Accounts tab, on the right side of the screen, click ‘Link Accounts’
You’ll see 8 tiles with the most common financial providers. There will also be the option to manually add an account, add a property or search.
Select your financial institution or search if you can’t see them in the list.
Enter your login credentials (each provider has different security, so you may have to provide more information if your provider needs it). Click ‘Submit’

The transactions tab shows a list of posted and pending transactions. You can tap/click any transaction row to view or edit transaction details.
Transactions can be split, re-categorized, have attachments added, and much more.
Tip: take the feature tour to find out more.

Budgets are created for Account Groups. First create an Account Group, then you can add a budget.
In the Budget tab, click ‘+ Create Budget’
Select your account group. Income and recurring bill information will be automatically generated. You can edit this before moving to the next step. Add any flexible spending you want to include.
Your budget is now all done! It should show up on your dashboard and in the budget tab.

Cashflow shows the changes in your cash inflows and outflows over time. The interactive chart provides a visual summary and the cashflow details can be found in the table below.

The net worth feature shows the value or your assets minus your liabilities – automatically calculating your net worth! Use the interactive chart to see changes of your net worth over time and the table below to see more detail on your current balances.
Tip: improve the accuracy of your net worth by linking all your accounts.

Use Account Settings to configure basic account attributes.
You can:
• Edit credentials – e.g. if you have changed your username or password for the account, you can update it here
• Remove an account
• Go to site
• Add nickname to personalise the account
• Option to tag all transactions for this account – can be applied to past transactions
• Option to categorise all transactions for this account – can be applied to past transactions

Better Money groups transactions across your accounts into categories to help you understand where your money comes from and what you are spending it on.

Technical problems with your bank or Yodlee may affect your bank account balances in Better Money.
Try:
• Refreshing your BetterMoney account. To do this go to the Accounts page and click ‘Refresh All’. In a mobile device go to ‘Accounts’ page and in the top right you will see three dots. Click ‘Refresh all’.
• Logging into your online banking site to make sure it’s working and refreshing the feed after 20 minutes.