Transfers between linked accounts
How about pairing transfers between linked accounts, so that they are not considered in the income/outcome overview?
Karel Frankl
shared this idea
38 comments
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Cristian Nucida
commented
I don't know how but in december the app actually did this thing! Unluckly now is not working anymore, it was so useful
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Anonymous
commented
It begs belief that this app can't perform this basic function. Just bought a premium account, but will move to a different platform. Very frustrating - the app looks great otherwise, but is fatally flawed if it can't perform basic functions like this.
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tonda.kmoch commented
+100 for this.
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Geoffrey Teng commented
Wallet has some potential, but moving away to Spendee because of this
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CatalinD
commented
I manage 21 accounts. Four of them are manual accounts (for cash in various currencies) and one is Clearing Account, the others are syncronized Bank accounts from four banks.
Everything works fine for the automatic income or expense transactions.
The issue is that Transfers are poorly recognised in automatic. More than 1/4 of trasactions in period are actualy Transfers between the accounts I own but the engine to recognise the transfers is very poor (it seems inexistent). There are so many pairs of income/unknown transactions i have to manualy reconcile!!! Most of them I have to pass trough Clearing Account while the transactions is only a basic transfer between two accounts of the same bank.
Please do something to solve this problem urgently, because I feel this manual reconciliation is overwhelming. -
Josh Koa
commented
Agree with the individuals here. As a premium user, this is a huge pain point.
I transfer money across multiple accounts (some w/ Bank Sync, some via Import) more than 10 times a month. It doesn't make sense to have so much manual effort to pair transfers.
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stevanus kurniawan
commented
i just register premium wallet, and this is critical pain point, at least show a feature where you can choose a transfer to other transaction
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Anonymous
commented
I have read through all the comments, and users have been demanding this simple feature for years. It appears that Wallet is losing paying customers because they refuse to make a very simple change. Despite all the complaints, no one from Wallet ever responds.
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Andrew
commented
Just downloaded the Wallet app today and I can say immediately this is the missing feature that stands out for basic use of the app.
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Anonymous
commented
This is very frustrating, I would be ok also having a new category such as "Internal Bank Transfer" to categorise this appropriately
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Eliezer Charles
commented
This can be succesfully if Dev team uses the same way as splitted transactions (as in Android version) for marking as Transfer.
I can link transfers to linked accounts in iOS, but It could be even an option for linking the existing transactions between the source/beneficiary account
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Daryl
commented
Just started using Wallet - it's the first budget app I've used where the sync functionality for bank accounts actually works, which is great. Until I realised you can't track transfers between linked accounts. This needs to be a high priority; otherwise all the statistics and overviews are false.
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NN
commented
This bugs me to no end. A lot of automatic transfers & charges happen between my accounts and I constantly have to adjust them.
I've been using the free Wave Accounting software (because I'm self-employed) and it handles auto-detecting transfers SO well. You can also edit them manually too. Whenever I use it I always think about how amazing it'd be for Wallet to replicate an experience/feature similar to Wave. If anyone at Wallet sees this PLEASE look into the interface/UI features that Wave has (at least in regards to money transfers between automated accounts, credit card + bank accounts, etc)
I honestly considered moving over to use Wave to manage my personal in addition to business finances even though I purchased a lifetime subscription to Wallet a few years ago... but Wave doesn't have a mobile app (only one for scanning receipts and oddly an entirely separate one for invoices) & it's near impossible to use their website on a mobile browser. Wallet, you're the best option I've found that fits my needs... except for some really major quirks. I want to keep using your app, please look into this. <3
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Anonymous
commented
+1
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Viktor Lehotský
commented
I got answer from support team
"The current transfer logic though is that Wallet does not handle Transfers to or between bank-connected accounts. The only way to do a Transfer from a bank-connected account is either to a non-connected account or to “Out of Wallet”.
We plan in a future version to allow this functionality but for now you can mark them in one account as ‘to’ Out of Wallet and in the other as ‘from’ Out of Wallet.
You can exclude Transfers from your Statistics by using the Instant Filter if you choose.
I'm afraid we do not have the ETA yet. But our team continuously works on improvements to stabilize such connections and make the whole process more user-friendly.
Thank you for your patience and understanding. "
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Stepan Hrton
commented
I don't really understand why this is still not solved. I really didn't even start using wallet just because of this issue. For anyone who is using multiple accounts, this issue just make more mess, not less. I wanted to use this app to make my finance more clear not contrary. Any statistics are flawed unless between accounts transfers are detected. Same situation is for repayments of credits cards.
Can someone respond when this will be dealt with?
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Amy Grace O'Brien
commented
This is particularly frustrating when you use something like Revolut accounts which is multiple bank accounts where you frequently transfer money between in order to carry out currency exchanges. While the Revolut accounts are already linked to my Wallet app, transfers between the accounts are always added as individual transactions worthy of a category.
Not only that, but we can't even manually assign them as transfers because for some reason the app doesn't allow us to assign which account the transfer originated from! (See screenshot) I tried adding my $ Revolut account as the origin of the transfer (to my EUR account) but it added yet ANOTHER $ Revolut account (even when I did it with an account that was already linked!?)
This should be fixed by the app EITHER :
Automatically recognizing the transfer happened between two accounts that are already linked to the app (Ideal solution)
OR
Allowing the user to manually flag the transfer from the existing accounts linked to the account and recognize that it is an account that doesn't need to be added againIt seems like this is a basic feature which was overlooked.
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Martin
commented
Yeah, this is a deal breaker for me
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João Silva
commented
Yes, this is a big impact when looking at overall income and expenses
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Jakub Šl
commented
I also am on the verge of jumping the ship because of this. This function is half-implemented, is not accessible through web and in the end is unusable. This should be the easiest thing, especially for the connected accounts, ideally done automatically by the app itself. Can the developers comment on this please?
