Dear MoneyReady App users,

You can (and should) now add two-factor authentication in your PROFILE.
You can use an authenticator app on your smartphone to secure your MoneyReady App account. There are many free authenticator apps available for Android and iOS.
This method of two-factor authentication is highly private and secure as it does not require us to have your phone number.
You just scan the QR code generated by the MoneyReady App to tie your account to your authenticator app. The authenticator app will then automatically generate a 6-digit code that changes every 30 seconds. You will be prompted for the current code to subsequently log in to your MoneyReady App account. It acts as a second temporary password.

Other updates in the last month:

With inflation being so volatile these days, we now update inflation and prime rates nightly from the Bank of Canada. To update your default rate, go to RATES/YIELDS/CURRENCIES. You can use the Search function for "Inflation" or "Prime" and click on Update for the current rate.

Advisors can update the default inflation and prime rates, and also all default investment growth rates according to asset-allocation, for all their clients at once. The relevant buttons are below your client list.

Hybrid HELOC/chequing accounts. We've improved the handling of these types of accounts when imported from Wealthica. The MoneyReady App now splits the same account into a LOAN component and an ACCOUNT component when appropriate.

Your questions and feedback are always welcome.

Elisabeth Tillier, Ph.D.
Head of MoneyReady