4 ms·

My BofA account has a whole spending habits section with graphics and charts and a ton of features, for free, which comes with my debit account. Why would I wan

by m3ta 9y ago

My BofA account has a whole spending habits section with graphics and charts and a ton of features, for free, which comes with my debit account. Why would I want to do all this myself? The only real answer is privacy, but I would just use BTC instead of USD if I wanted privacy anyway, and BTC is already programmable.

ethbro 9y ago
Because this locks you into BoA. Hence why they're doing it. If you have a BoA, Chase, Citi, and Fidelity account, then unless there's a push towards exposing data for third party uses your only option becomes trying to look at 4 dashboards. To illustrate only one problem. There's also others, including portability: what can you take with you when you decide to switch your 10 year old BoA account to another bank?
ska 9y ago
I haven't used BofA for a while, but in general the problems I have with these features are 1) inaccurate classification and no way to fix it 2) exported data does not include all of this, so if I move banks or want to do analysis I'm sol ymmv, of course
- XaspR8d 9y ago
  Yeah definitely. The classifications of transactions is generally poor. Even with Simple, which is very generous in allowing you to (re)assign arbitrary tags on the fly and provide nice data metrics, I'd still like to generate different graphs than they choose to present. The ability to aggregate the data from all my accounts would be amazing...
  - hintss 9y ago
    So export the json from simple and build your own graphs, then.
euyyn 9y ago
Citi has a similar section, and it's crap. If it were programmable I could use a third-party version of it.
azeirah 9y ago
> Why would I want to do all this myself? My bank doesn't have this, so that's one reason. Another would be that a third-party could write the code that performs the analysis, you should be able to just download (or purchase, I suppose) their script and use it, so you don't have to do it yourself anyway. This also means it becomes possible to have competition within this space, right now, you can only ever use your bank's analysis tools, if they're great, fine whatever good for you. But for some people it'll have limitations one way or another. Competition is not a bad thing. Besides, it can be fun to look at your financial data with your programming tools. It's an interesting data set to play around with, analysis, data visualization, budgeting, even if just for learning.
- jsudhams 9y ago
  Used yodlee multiple banks and works perfect. Can do most of this spend reports and budget part of it.

by m3ta 9y ago

ethbro 9y ago

Because this locks you into BoA. Hence why they're doing it. If you have a BoA, Chase, Citi, and Fidelity account, then unless there's a push towards exposing data for third party uses your only option becomes trying to look at 4 dashboards. To illustrate only one problem. There's also others, including portability: what can you take with you when you decide to switch your 10 year old BoA account to another bank?

ska 9y ago

I haven't used BofA for a while, but in general the problems I have with these features are 1) inaccurate classification and no way to fix it 2) exported data does not include all of this, so if I move banks or want to do analysis I'm sol ymmv, of course

XaspR8d 9y ago
Yeah definitely. The classifications of transactions is generally poor. Even with Simple, which is very generous in allowing you to (re)assign arbitrary tags on the fly and provide nice data metrics, I'd still like to generate different graphs than they choose to present. The ability to aggregate the data from all my accounts would be amazing...
- hintss 9y ago
  So export the json from simple and build your own graphs, then.

euyyn 9y ago

Citi has a similar section, and it's crap. If it were programmable I could use a third-party version of it.

azeirah 9y ago

> Why would I want to do all this myself? My bank doesn't have this, so that's one reason. Another would be that a third-party could write the code that performs the analysis, you should be able to just download (or purchase, I suppose) their script and use it, so you don't have to do it yourself anyway. This also means it becomes possible to have competition within this space, right now, you can only ever use your bank's analysis tools, if they're great, fine whatever good for you. But for some people it'll have limitations one way or another. Competition is not a bad thing. Besides, it can be fun to look at your financial data with your programming tools. It's an interesting data set to play around with, analysis, data visualization, budgeting, even if just for learning.

jsudhams 9y ago
Used yodlee multiple banks and works perfect. Can do most of this spend reports and budget part of it.