Use Mark as Transfer in MoneyCoach when an online banking import contains both sides of an internal transfer, which means money moved between accounts you own, such as Bank Account A: -€1,000 and Bank Account B: +€1,000. This keeps the real account balances correct while treating the movement as a transfer instead of normal spending or income.
Video Tutorial
Step-by-step guide
- Tap the Online Account
- Find the transaction you want to mark as a transfer
- Swipe left and tap Edit
- Tap Mark as Transfer
- Select the corresponding opposite transaction you see suggested in the list
- Tap Mark as Transfer again
Now the two imported transactions are linked as one internal transfer between your accounts.
Why this is different from excluding a transaction
In this guide, Transfer means an internal transfer: money moving between accounts you own. It should affect each account balance because the money really left one of your accounts and arrived in another one.
For example:
- Bank Account A: -€1,000
- Bank Account B: +€1,000
That is not daily spending, but it is still a real account movement. If you globally exclude the outgoing transaction, MoneyCoach may remove that transaction from app-wide calculations. That can make the original account look as if the money did not leave.
Use Mark as Transfer for the real money movement. Use report filters when you only want to change what appears in a report.
How to keep transfers out of reports
After the two transactions are marked as a transfer, open the report you want to review and turn off Include Transfers in the report filter. This hides transfers from that report without reversing the actual account movement.
This is the clean setup for internal account transfers:
- Account balances stay correct
- The outgoing side does not behave like normal spending
- The incoming side does not behave like normal income
- Reports can hide transfers when you want to focus on real expenses
For the full report-filter workflow, see How To Exclude Transfers From Reports In MoneyCoach. If the imported transaction needs more cleanup, see How To Edit Online Banking Transactions In MoneyCoach.
Important Details
When using this feature, MoneyCoach searches for the best matching opposite transaction in your transaction list based on its date and amount compared to the online transaction you selected. This works for other online transactions in another online accounts too, but also for regular manual transactions in your manual accounts.
So just create the opposite transaction and use that to mark the online transaction as a transfer.
Additional information
Use global transaction exclusion only when you want the transaction excluded from MoneyCoach calculations more broadly. Do not use it just because an internal transfer should be hidden from daily expense or report views.
If the second side of the transfer is missing, create the opposite transaction first, then use Mark as Transfer to connect it to the imported online banking transaction.
