The tools are available free through My Portfolio, the bank's account aggregation service, which is integrated into Online Banking. My Portfolio provides customers with a complete view of their Bank of America accounts as well as accounts at other financial institutions or Web sites - such as credit cards, investments, reward programs - all in a single, secure location.

The new money management features give customers the ability to:

• Use expense categorization and budgeting tools to get more control over spending and help for future savings.
• Sort transactions by account, category or date.
• Search for specific transactions across multiple accounts.

Categories - such as restaurant, home maintenance, utilities - are automatically assigned to transactions. Customers also can create guidelines to adjust the way their expenses are categorized and flag items as tax-related, medical, personal or business.

"The combination of My Portfolio and these new money management tools gives consumers a comprehensive picture of their income and expenses at one convenient site," said Sanjay Gupta, e-Commerce executive for Bank of America. "This is a simple and easy way for consumers to get more control over their finances without manually transferring or downloading information to financial management software programs."

Customers can view a variety of charts and select timeframes ranging from one week up to 12 months. Charts include:

• Expense analysis that breaks down expenses by category.
• Cash flow analysis that tracks income and expenses over a period of time.
• Budget versus actual spending chart that tracks actual spending compared to budget goals.
• Credit card utilization chart that tracks balances for each credit card.
• Budget goal chart that lets them set up individual budget goals by category or set an overall budget.

To access the tools through My Portfolio, customers simply click on the link to My Portfolio on the Account Overview screen within Online Banking and go to the Financial Management tab.