Cash Management Accounts (CMA) Are Broken in Simplifi
Cash Management Accounts (Morgan Stanley, Fidelity, Merril, etc.) do not work correctly in Simplifi, regardless of how the account is added.
Common issues in Simplifi:
- Duplicate transactions appearing after sync
- Payees hidden in the transaction list (visible only when editing)
- Balance does not properly synch
- Recurring transactions and upcoming transactions don't play nice with these type of accounts
I’ve tried adding the same CMA as:
- Checking
- Brokerage
- Money market
None of these resolve the issues.
Support says this is a financial institution problem, but that doesn’t line up with reality. Other apps (Monarch, Rocket Money) correctly treat CMAs as checking-style, ledger-based accounts and do not have these problems.
This points to a Simplifi/Quicken limitation, not a bank feed issue. Especially since when I click edit on the transaction in my account it properly displays all the correct information.
More people are using CMAs as their primary checking accounts (Morgan Stanley, Fidelity, Wealthfront, etc.). This is no longer an edge case and it needs first-class support.
If you’re experiencing this, please upvote so this gets prioritized by simplifi. ☺️