Does ZenFi count transfers between my own accounts as spending?

No. Money you move between your own accounts is recognised as a transfer, so your spending total isn't inflated by money you still have.

How does ZenFi know an account belongs to me?

You confirm your name as it appears on your bank account, and ZenFi uses it to match the accounts you add to you.

Does money I move to savings still show in my balance?

Yes. Your connected accounts add up to one balance, so money moved between them stays in your total.

Will transfers between my accounts use up my budget?

No. Because they aren't counted as spending, moving money between your own accounts doesn't count against your budgets.

Which accounts does it work with?

Any of your accounts connected to ZenFi, across the 20+ Nigerian banks and wallets it supports, including bank accounts and wallets like OPay, Kuda and Moniepoint.

Why does this matter?

Without it, moving ₦50,000 to your savings would look like ₦50,000 spent. Your spending total, budgets and trends would all be wrong, and you'd stop trusting them.

Smart transfer matchingMoving money isn't spending.

Salary to savings, bank to wallet: most of us move money between our own accounts every week. Count each move as spending and your totals look far bigger than they are. ZenFi recognises transfers between your own accounts, so your spending shows only what you actually spent.

Why transfers distort spendingThe same day, counted two ways.

You spent ₦27,000 today and moved ₦50,000 into savings. Counted as spending, that transfer makes your day look almost three times as expensive as it was.

Without matching

₦77,000

“Spent” today

Includes ₦50,000 that never left your money.

With ZenFi

₦27,000

Actually spent today

Shoprite, MTN and Bolt. Nothing else.

To my savings

GTBank · Today

-₦50,000

Matched: both accounts are yours

From GTBank

Kuda savings · Today

+₦50,000

Spent today

₦27,000₦77,000

The ₦50,000 transfer isn't counted as spending.

How smart transfer matching worksYour accounts, recognised as yours.

It knows your accounts: When you set up ZenFi, you confirm your name as it appears on your bank accounts. ZenFi uses it to recognise every account you add as yours.
It spots money moving between them: When money leaves one of your accounts for another of yours, ZenFi records it as a transfer, not a purchase.
Your totals stay honest: Spending, budgets and trends count only money that actually left your hands. Your balance still includes every naira.

Everyday transfersThe moves you make every week.

Whenever money moves between accounts that are yours, ZenFi treats it as a transfer, across any of the 20+ banks and wallets it supports.

ZenFi for freelancers paid into several accounts

Salary account to savings
Bank account to OPay or Moniepoint
Topping up your Kuda account
Moving money between two banks

Questions about transfers

Anything else, email support@usezenfi.com.

What it protectsNumbers you can trust.

Transfers are one part of getting categories right.

See how smart categorization works

Stop wondering where your money went.

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