Information and communication technology has largely changed banking business. Banks have transmitted from the so-called traditional banking to today's modern and contemporary banking which is based on information-communication technologies. Banking applications, which are the channels of distribution, primarily in mobile banking, also play a very important role. Such applications haven't been for long time just information and payment services, which was mostly the case in the initial period of their use, but today they offer a whole host of different features. For this reason, they are also considered a personal finance management tool that enables the user to improve financial management and thus through planning and organizing make different savings, investments or returns. In this paper the role and possibilities of banking applications for personal finance management were analyzed in theoretical and practical terms. It was found that application possibilities vary from bank to bank, but as a rule, each application contains some additional services specifically related to financial management. The applications of Privredna banka Zagreb, Zagrebačka banka, Abanka and Allied Irish Bank were analyzed. It was determined that Zagrebačka banka owns the best personal finance management services in its application. Although the other applications are not lower quality, there is still plenty of room for improvement.