Account Types In Roo

Quick Take

• Account types come from your bank or aggregator
• Roo uses these labels to identify the kind of account you connected
• Account type is different from account behavior
• You can change account behavior if needed

Account type describes what the account is, not how Roo treats it in your plan.

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Why Account Types Exist

When you connect an account to Roo, the bank or data provider sends information about that account.

One piece of information is the Account Type. This tells Roo what kind of financial account it is. These labels help Roo understand the role the account plays in your overall financial picture.

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Common Account Types In Roo

Checking

(Default Behavior: On-budget)

Checking accounts are typically used for everyday spending.

Examples include:

• Primary checking accounts
• Cash management accounts
• Spending accounts used with debit cards

These accounts often interact with your River and your pouches depending on their behavior setting.

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Savings

(Default Behavior: On-budget)

Savings accounts are designed to hold money you want to set aside.

Examples include:

• Traditional savings accounts
• High-yield savings accounts
• Emergency savings accounts

Some savings accounts may participate in your plan, while others may simply be tracked for net worth.

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Venmo Or PayPal

(Default Behavior: On-budget)

Some financial platforms classify digital wallet accounts separately.

Examples include:

• Venmo balances
• PayPal accounts

These accounts behave similarly to checking accounts but may appear under their own type depending on the data provider.

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Credit Card

(Default Behavior: CC Mode)

Credit card accounts represent borrowed money used for purchases.

These accounts track spending activity and may also affect your net worth.

They are usually handled using CC Mode in Roo so spending is tracked without treating the balance as available cash.

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Loan

(Default Behavior: Off-budget)

Loan accounts represent money you owe.

Examples include:

• Mortgages
• Auto loans
• Student loans
• Personal loans

Loan balances typically reduce your net worth but do not participate in your daily budgeting plan.

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Investing

(Default Behavior: Off-budget)

Investment accounts hold assets designed to grow over time.

Examples include:

• Brokerage accounts
• Retirement accounts such as 401(k)s or IRAs
• College savings plans

These accounts affect your net worth but are usually not part of daily spending.

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Unknown

(Default Behavior: Off-budget)

Occasionally, a bank or aggregator cannot determine the exact account type.

When that happens, the account may appear as Unknown.

This does not affect how Roo works. You can still choose the appropriate account behavior for the account.

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Account Type vs Account Behavior

Account Type

Comes from the bank or aggregator and describes what the account is:

Checking, Savings, Venmo or Paypal, Credit Card, Loan, Investing, Unknown

Note

If the bank or institution labeled the account incorrectly, you can change the type by going into the account settings and selecting the correct type.

Account Behavior

Determines how Roo treats the account inside your plan.

On-budget, Off-budget, CC Mode, Hidden

Account Behavior controls things like:

• Whether transactions are tracked
• Whether the balance funds your pouches
• Whether the account affects net worth

Note

If you need to change how an account participates in your plan, you can change the behavior by going into the account settings and selecting the correct behavior.

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A Simple Way To Think About It

Account Type = what the account is.

Account Behavior = how Roo uses it.

Together they help Roo understand your financial system.

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FAQs

What if my account type looks wrong?

Banks and aggregators sometimes mislabel accounts.

Go into the account settings and select the correct type.

See also: Account Types In Roo

What if I want to change an account behavior?

You can change an account’s behavior in the account settings.

When you change the behavior, you are changing how Roo treats that account in your plan.

• Changing an On-budget account to Off-budget will stop it from funding your pouches.
• Changing an account to Hidden will remove it from your River and your net worth.
• Changing an Off-budget account to On-budget will begin tracking its transactions and include its balance in your plan.

Before changing, ask yourself:

Tip

Do I want this account’s balance flowing through my River?

• If yes → On-budget
• If no → Off-budget or Hidden

You can change this at any time.

See also: Account Types In Roo

What if I want my credit card to act like a checking account?

By default, credit cards use CC Mode because they represent spending that already happened.

If you want a credit card to behave like a checking account, change its behavior to On-budget in account settings.

When you do this:

• The card’s balance will fund your pouches — decreasing as the balance increases
• Transactions will continue to be tracked

Only do this if you truly want the card’s balance reflected in your pouches. Most users should leave credit cards in CC Mode so the system accurately reflects reality.

See also: Account Types In Roo