FINCH COST: FREE OS: IOS, ANDROID

Finch, which was launched in July, describes itself as “the financial app for your social life”. Not only can you pay friends or family using the app but it lets you request money and run group tabs to track shared expenses. It can also provide you with some spending insights on your social activity. Finch says the app lets you: Securely pay and request money to any mobile number in Australia instantly and free, without bank account details.

Find friends easily by syncing your phone contacts.

Split bills equally or individually – avoid trips to the ATM or getting stuck with the bill.

Run tabs with friends you go out with frequently and settle later (perfect for roommates, workmates or group trips).

Avoid the awkward IOUs –the automatic payment reminders will do the chasing for you.

Keep on top of who you owe and who owes you.

See what your friends are up to on the activity feed.