Smarter Transfer Detection
Venmo to a friend shouldn't look like spending
Peer-to-peer payments create an interesting challenge for personal finance. You Venmo a friend $50 for dinner—is that dining? A payment? It's actually neither in the traditional sense. "Payment" as a category doesn't help you understand your spending.
Worse, when you transfer money between your own accounts—checking to savings, or paying off a credit card—those show up as both income and expenses. Your burn rate looks insane when it's actually just you moving money around.
We've fixed this.
Probably now automatically detects P2P transfers—Venmo, Zelle, PayPal, Cash App—and treats them correctly. Sending money to a friend? That's excluded from your spending analysis unless you explicitly want it counted. Moving money between your own accounts? That's a transfer, not spending.
The result is reports that actually reflect reality. Your dining spending is what you spent on dining. Your savings rate is what you actually saved. No more mental gymnastics to figure out what the numbers really mean.
Small fix. Big clarity.