How does Mint categorize my transactions?

We use an automatic categorization engine so we can make downloaded transactions easier and more uniform for all of our customers.

The Mint Categorization Engine learns and evolves based on our customer data so it may display different names than you would expect.

Here is an example of how the Mint Categorization Engine learns from people like you:

Six customers all have transactions to a payee named Avon.

Five of the six customers choose “Shopping" to categorize their Avon transactions.

This teaches the Mint Categorization Engine that any payee containing Avon in the description from the bank should be named as Avon and categorized as “Shopping".  

The sixth User who lives in a town called Avon now downloads transactions which include Avon in the transaction description.  Mint will automatically rename any of those transactions as Avon with a category of Shopping.

Mint Tip: You don't have to keep the Mint assigned name and category

If you need to change the category, try the following:

One-time Transactions:

If you find that the Mint defined name is affecting only 1 or 2 transactions, you can simply edit the transaction(s) to the preferred name and category.

  1. Click the Transactions tab.
  2. Click the transaction you'd like to edit.
  3. Click on "Edit Details" and then you can edit the description and/or category.
  4. Click I’m Done.

Multiple or Recurring Transactions:

If the transaction(s) in question will occur regularly and you don't want to edit the transactions each time, you can utilize Renaming Rules.  

  1. Click the transaction you'd like to edit.
  2. Click on "Edit Details" and then you can edit the description and/or category.
  3. Place a check mark in the “Always rename Payee name…” to create a rule for this transaction type. 
  4. Click I’m Done.

You can click the “Manage Rules” button to review or edit existing Rules.