Can anyone using Emma, or from the team, answer a question I have?
I gave up using Money Dashboard in part because when I transferred money between my own accounts the app wasn’t clever enough to realise I hadn’t actually spent the money, and so skewed my spending figures.
For example: If, over the course of a month I actually spent a total of £500, but also during that time I transferred £100 from, say, Nationwide to NatWest, the app would see that £100 debit and include it in my spending figures, telling me I’d ‘spent’ £600 over the month, which wasn’t actually the case. With multiple large transfers over the course of the month, sometimes the app would tell me I’d ‘spent’ more than I’d been paid.
All my accounts were linked into Money Dashboard so it should have been smart enough to realise I wasn’t spending my transferred money, but it wasn’t that intelligent. This mis-accounting has put me off using aggregators.
Is Emma (or indeed Yolt, which seems to be the other big player at the moment) clever enough to take personal transfers into account correctly?