Creating & Managing Accounts

What Are Accounts?

Your accounts show you how much money you have and track the transactions coming in and going out from that account.

The MoneyWise app uses your account balances to determine how much money you have available to fund your envelopes. You can create manual accounts or connect to your bank accounts with MoneyWise Pro.

Creating a Manual Account

Manual accounts are accounts that you update to record all transactions and account balances. The management of manual accounts is hands on, so it requires more discipline than using connected accounts. However, it’s a great way to help you take control of your money!

You can create as many manual accounts as you’d like.

Basic Users: We recommend creating accounts to align with your actual bank accounts as well as a cash account. Pro Users: You can use a manual account to track your cash spending and for any other bank accounts you don’t connect to the MoneyWise app.

To create a new manual account, follow these steps:

1. From the Accounts screen, select the bank icon in the upper right corner of the screen.
2. Choose the option for “Manual Account.”
3. Give your account a name. For example, “Cash” or “Chase Checking.”
4. Add the current dollar amount of your account’s balance.
5. Choose the appropriate Account Type.
6. Select “Save.” Your account will be created.

For help managing transactions in a manual account, please reference this article.

Adding a Connected Account

Pro Users: You can connect unlimited bank accounts to your MoneyWise account. This allows for automatic transactions to be imported into the app and automatic account balance updates. It’s a huge time saver!

Connected account credentials are never stored in our servers and your data is encrypted end-to-end. Your data security is a top priority.

You can connect all of your accounts including: checking, savings, loans, and investment accounts. This helps you see your full financial picture right in the MoneyWise app!

To add a new connected account, follow these steps:

7. From the Accounts screen, select the bank icon in the upper right corner of the screen.
8. Choose the option for “Connected Account.”
9. Select “Get Started” on the screen introducing Plaid.
10. Search for the account’s bank institution and select it.
11. Login to your bank account.
12. Select the account(s) you want to connect to MoneyWise.

For help managing transactions in a connected account, please reference this article.

Managing Your Accounts

You can manage your accounts by going to the Accounts screen and either selecting one of the account cards, or selecting the bank icon in the upper right hand corner of the screen.

If you select an account card, you will see all of the transactions associated with that account. To manage that account’s settings, select the “i” in the upper right hand corner of the screen. (You will access this screen directly if you select the bank icon from the Accounts screen.)

This allows you to determine which accounts from that institution you want to be active, and which you want to use to fund your envelopes.

Active: If an account is set to “Active,” the account’s transactions and balance will be updated regularly. Envelopes: If an account is set to “Envelopes,” that means the money in that account will be made available for funding your envelopes.

Deleting An Account

When you delete an account, all transactions tied to that account will be deleted. This action cannot be reversed, so be sure you perform this action with care.

To delete your financial institution, from the Accounts screen click the card you want to delete. Then click the i in the upper right hand corner. When the Account Settings screen appears, click Delete and follow the prompts.