IGG Software has released iBank 5.1, an upgrade to its money management program for Mac OS X 10.8 or higher. The app provides improved bank connectivity, enhanced reports, better bill pay, and superior transaction management among scores of new features and fixes.

iBank 5.1 is available from the IGG online store (www.iggsoftware.com) for US$59.99 for new users. It’s a free upgrade for users of version 5.0.
For optional, automatic updating of transactions, users of iBank 5.1 have the opportunity to try Direct Access for free during a 30-day trial.

Maintaining the service costs as little as 11 cents a day: just $4.99 per month, or $39.99 for an annual subscription. That data can be synced with iBank for iPad 2 directly from the desktop app over local Wi-Fi or via WebDAV server.