Kansas City, Mo. –<\/strong> Fall is a season of change, making it the perfect time to take a look at personal finances and money habits with the help of Spruce, a mobile banking app built by H&R Block<\/a> (NYSE: HRB)1<\/sup>. Today, the company announces two new and enhanced features, Round Up and Credit Score Monitoring2<\/sup>, adding to a robust product feature set designed to help improve customers’ financial health.<\/p>\n\n\n\n In current times of historic inflation, many are looking to save money wherever possible. Spruce makes it easy for customers to turn spare change into savings with the addition of its new Round Up feature. This optional feature allows customers to automatically round up transactions to the next dollar amount and deposit the spare change into their savings account. When customers opt-in to Round Up through the Spruce app, they can see how spare change quickly adds up and helps build savings.<\/p>\n\n\n\n Spruce partner Liz Rotz3<\/sup> says she\u2019s benefitted from Spruce saving features and looks forward to having even more savings tools at her disposal with the addition of Round Up.<\/p>\n\n\n\n \u201cInflation has made things more expensive this year, so we are shopping around a little more than usual to find items that are on sale,\u201d said Rotz. \u201cEvery penny adds up, so I look forward to using Spruce\u2019s new Round Up feature to see how it can help increase my savings even more,\u201d she adds.<\/p>\n\n\n\n As borrowing costs continue to rise nationwide, having a solid credit score is key. Spruce has enhanced the credit score monitoring feature2<\/sup>, adding new capabilities that allow users to take a deeper look into factors impacting their credit score. To activate the feature, customers visit the credit tab in the app to complete a simple activation process. After that, they\u2019ll gain access to view their FICO\u00ae score any time. Spruce customers will also be able to tap into monthly updates and additional information about the factors that could be impacting their score. By staying informed, customers can always know where their credit stands, which is good habit for financial health.<\/p>\n\n\n\n \u201cWith the goal of supporting each Spruce customer in their unique financial needs, the credit score feature offers a personalized view of a customer’s credit score and individualized breakdowns explaining how different factors impact their number,\u201d said Les Whiting, chief financial services officer, H&R Block. \u201cBy offering credit score insights in the context of a customer\u2019s banking app, we\u2019re providing an access hub for analyzing one\u2019s complete financial picture, equipping consumers to better understand credit in the context of spending, saving and borrowing.\u201d<\/p>\n\n\n\n Spruce launched in early 2022 and proudly serves more than 160,000 customers who will have access to these new and enhanced features that support financial health improvements.<\/p>\n\n\n\n \u201cSince its launch Spruce has worked to break down barriers of access and offer equitable financial services for everyone. Both collectively and individually these new features align with our goal of making the best in fintech available to all people,\u201d said Whiting.<\/p>\n\n\n\n ###<\/p>\n\n\n\n H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation<\/a> services, financial products<\/a>, and small business solutions<\/a>. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce<\/a>. Through Block Advisors<\/a> and Wave<\/a>, the company helps small-business owners thrive with innovative products like Wave Money, a mobile-first, small-business bank account and bookkeeping solution, that manages bookkeeping automatically. For more information, visit H&R Block News<\/a> or follow @HRBlockNews<\/a> on Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":" Spruce adds new and improved features to help customers be good with money Kansas City, Mo. – Fall is a season of change, making it the perfect time to take a look at personal finances and money habits with the help of Spruce, a mobile banking app built by H&R Block (NYSE: HRB)1. Today, the company […]<\/p>\n","protected":false},"author":406,"featured_media":61000,"menu_order":0,"template":"","tags":[19283],"news-categories":[23338,23339],"class_list":["post-60997","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-corporate-news","news-categories-innovation","news-categories-financial-confidence"],"acf":{"post_rest_thumbnail_alt_id":null},"yoast_head":"\n
About H&R Block<\/strong><\/h3>\n\n\n\n