Supported Account Types

Overview

Forbidden Finance supports six account types, each designed to track a different kind of financial account. The types available to you depend on your subscription tier. All users get checking and savings accounts. Starter and above unlock credit cards, loans, and money market accounts. Pro and Premium add investment accounts.

Account Types by Tier

What Each Type Tracks

Checking

Your everyday transaction account. Tracks deposits, withdrawals, debit card purchases, bill payments, and direct deposits. Balance represents the available cash in the account.

Savings

High-yield savings, emergency funds, or any account where you set aside money. Tracks deposits, withdrawals, and interest earned. Often used alongside savings goals in Forbidden Finance.

Credit Card

Tracks charges, payments, and your current balance (shown as a negative number since you owe it). Credit card transactions show up as expenses in your budget. Payments from your checking account should be linked as transfers to avoid double-counting.

Loan

Tracks mortgage, auto loan, student loan, personal loan, or any debt with a balance you are paying down. The balance represents the remaining principal. Payments reduce the balance over time.

Money Market

Similar to savings but typically with higher interest rates and different withdrawal rules. Tracks deposits, withdrawals, and interest in the same way as a savings account.

Investment

Brokerage accounts, retirement accounts (401k, IRA), and other investment holdings. Tracks contributions, withdrawals, and balance changes. Investment account balances factor into your net worth calculation. Available on Pro and Premium tiers only.

Manual vs. Synced Accounts

You can create any supported account type as either a manual account or a bank-synced account.

Both manual and synced accounts work identically for budgeting, reporting, transfers, and net worth tracking. The only difference is how transactions enter the account.

Key Details

• Account type is permanent. Once you create an account with a specific type, it cannot be changed. Create a new account if you need a different type.
• Synced account types depend on tier. Even if your bank offers investment accounts, you can only sync them if your tier supports the Investment type (Pro or above). Other account types at the same bank sync normally.
• Multiple accounts per type. You can have as many accounts of each type as you need. There is no limit on the number of checking or savings accounts, for example.
• Negative balances. Credit card and loan accounts typically have negative balances (representing what you owe). This is normal and helps with accurate net worth calculations.

Tips

Frequently Asked Questions

Can I create a manual investment account on the Free tier?

No. Investment accounts require Pro or Premium regardless of whether they are manual or bank-synced.

What happens if I downgrade my tier?

Account types that are not supported at your new tier become read-only. You can still view the transaction history, but new transactions are not synced or allowed until you upgrade again.

What is the difference between Checking and Money Market?

Functionally, they track the same kind of data (deposits, withdrawals, balance). The distinction helps you organize your accounts and see them grouped by type on your dashboard. Choose the type that matches what the account actually is at your bank.

Do all account types contribute to net worth?

Yes. Checking, savings, money market, and investment balances count as assets. Credit card and loan balances count as liabilities. Your net worth is assets minus liabilities.

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