Categorizing transactions

Use transaction categories to help you accurately monitor your spending and track your budgets.

Transactions for your internal accounts and linked accounts are automatically categorized to help you accurately monitor your spending and track your budgets. In some cases, you may choose to modify the automatically-selected category. You can also modify transaction descriptions, split transactions across multiple categories, and create or edit new subcategories.

Note:  Your financial institution (FI) has a choice of two providers for Financial Tools: MX or Geezeo. Categorizing transactions from the Home page is only available to users with MX Personal Financial Management. To learn more about categorizing transactions with Geezeo Personal Financial Management, see the Spending tool topic.

To categorize a transaction

  1. On the Home page, select an account.
  2. On the Account Details page, select a transaction.
  3. In the Category section, select Edit ().

    Note:  You can also select the category icon that appears in your transaction list on the Account Details page without expanding the transaction detail.

  1. Select a category to assign the transaction.
  2. (Optional) In the Online Description section, select Edit () to change the description of the transaction.

    Note:  Editing the description only changes the description within online banking, not in paper or eStatements.

To add a subcategory

  1. On the Home page, select an account.
  2. On the Account Details page, select the category icon next to a transaction.
  3. On the Categorize sidebar, select the expand arrow () on the parent category.
  4. Select +Add Sub-Category.
  5. Enter the name of the new subcategory.
  6. Select the check mark ().
  7. Select the new subcategory to assign it to the transaction.

Note:  Default parent categories and subcategories cannot be edited. However, you can rename personally-created subcategories by selecting Edit () next to the subcategory name. Select Delete () next to a personally-created subcategory to delete it.

You can split a single transaction across multiple categories to better manage your budget.

To split a transaction

  1. On the Home page, select an account.
  2. Select a transaction.
  3. In the transaction details, select Options () and select Split transaction.
  4. On the Splits tab, enter the amount you want to split into a separate category.
  5. Select the category icon and select a new category for the amount you want to split.
  6. Select the check mark ().
  7. Select +Split Transaction.

Note the following details about splitting transactions:

  • You can add up to a total of nine splits.
  • After you split a transaction, you can no longer edit the Category from the transaction details.
  • You cannot edit the description of an individual split.