Comment on Best ‘simple’ budgeting app
lka1988@sh.itjust.works 2 months agoThe whole thing 😅 how do I know if my bank uses MX?
Comment on Best ‘simple’ budgeting app
lka1988@sh.itjust.works 2 months agoThe whole thing 😅 how do I know if my bank uses MX?
JayleneSlide@lemmy.world 2 months ago
Different financial institutions (FI) will all have different appearances, because of the nature of how MX is implemented, and whether on desktop or mobile. In the case of my credit union, it’s right here: Image
The interface of MX Platform on desktop looks like this: Image
You might see something like this in your online banking home page: Image
There are two ways that MX can get data from other accounts which you have to explicitly link in your bank/CU interface. The first method is through Open Banking protocols, which are mercifully obfuscated from the end user. Seriously, if you’re having trouble sleeping, try reading some of the Open Banking specifications. :D One selects their FI from the list, and enters creds and 2FA challenge. The other method is screen-scraping, but again this is abstracted away from the end user.
One of the features where MX slaps more than anyone else (for now) is identifying the source of debits and classifying them. Underneath the hood, debit and credit card transaction strings are chaos. But even if MX gets it wrong, you can manually re-classify your expenses, and it will apply that to future transactions (optional). I already mentioned the burndowns, but if you have an idea for a saving schedule, MX will provide reminders and factor in your growth. Platform will also provide reminders for almost everything.
Let me know if you have any other questions.
lka1988@sh.itjust.works 2 months ago
Ah, ok, I get the general idea now. UCCU uses this software, too (you said you worked for MX, which is based in Lehi… I also work in Lehi 😅), but I gotta be honest - I’m not a huge fan of the mobile app. It just feels like a PWA. But that might just be UCCU’s implementation, so, IDK.
JayleneSlide@lemmy.world 2 months ago
Hello (former) fellow Lehi worker! Although I was remote except for the onsite weeks. I’m not a fan of 99% mobile apps, maybe more than 99%. I didn’t work on mobile, but I am quite sure that it is in fact a PWA.