How to categorize external bank account verification micro deposits?

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gregoh
gregoh Member
edited December 2023 in Managing Your Transactions

When adding an external bank to current bank account, usually bank send 2 micro deposits, and the withdraw them, it shows up in transaction history, how do I categorize there, so it does not treat it as income or expense?

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  • Flopbot
    Flopbot Superuser ✭✭✭✭✭
    Answer ✓
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    @gregoh ,

    For the Payee, or the name of the bank. Then just use the same Category for both the + side and the - side and everything will balance out to zero. Unless you have one of my banks which apparently only does the + side and never took the money back out!!!

    Chris
    Quicken Desktop user since 2014.
    New to Simplifi in 2021.
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