How to Edit Your Bank Account Names and Types
Quick Review
What: Customizing account names and types to match your financial system
Why: Clear naming helps track spending, especially with multiple accounts
How to access:
Settings → Accounts → Three dots → Edit account
Or click account name directly in Transactions view
Note: Investment accounts can only change to other investment types
Overview
Quicken Simplifi downloads account names directly from your bank, which often results in generic labels like "Checking ...1234" or "Savings ...5678." These default names make it difficult to quickly identify accounts, especially when managing multiple checking accounts or credit cards.
Customizing account names and types gives you instant clarity about each account's purpose. Instead of memorizing partial account numbers, you can see exactly which account pays bills, holds emergency funds, or tracks business expenses.
Ashley discovered this after accidentally using their emergency fund account for daily purchases - the generic names all looked the same in the dropdown menu.
Editing Account Names
Method 1: Through Settings
Best for updating multiple accounts at once:
Hover over the panel on the left-hand side and select Settings
Select Accounts
Locate the account you'd like to edit and click the three dots at the end
Select Edit account
Enter your new Name (keep under 30 characters for best display)
Click Update when done
Method 2: Quick Edit from Transactions
Ideal for renaming while reviewing transactions:
Hover over the panel on the left-hand side and select Transactions
Select the account you'd like to edit
Hover over the account name in the upper left and click
Type in the new name and hit Enter when done
Both methods update the name instantly across all areas of Quicken Simplifi.
Effective Naming Strategies
Clear Purpose Identification
Replace generic bank names with descriptive labels:
"Checking ...1234" → "Monthly Bills"
"Savings ...5678" → "Emergency Fund"
"Credit Card ...9012" → "2% Rewards Card"
Consistent Prefixes
Group similar accounts with prefixes:
Business accounts: "Business - Operating," "Business - Tax Reserve"
Joint accounts: "Joint - Household," "Joint - Vacation"
Savings goals: "Save - New Car," "Save - House Down Payment"
Include Key Information
Add helpful details without making names too long:
Interest rates: "HYSA 4.5%"
Payment dates: "Car Loan (2027)"
Card benefits: "Travel Card - No Fees"
Ashley uses "Business - Operating" and "Tax Reserve - Quarterly" to instantly distinguish between available funds and money set aside for taxes.
Changing Account Types
Banks sometimes miscategorize accounts, or you may need to adjust how Quicken Simplifi treats an account for reporting purposes.
Steps to Change Type
Hover over the panel on the left-hand side and select Settings
Select Accounts
Locate the account and click the three dots
Select Edit account
Select the correct Type from the dropdown
Click Update when done
Available Account Types
Banking
Checking
Savings
Cash
Credit
Credit Card
Line of Credit
Investment
Brokerage
IRA/Roth IRA
401(k)/403(b)
HSA
Loan
Mortgage
Auto
Personal
Student
Property
Real Estate
Vehicle
Other
Important: Investment accounts can only be changed to other investment types. This restriction protects the integrity of investment tracking and performance calculations.
Renaming Financial Institutions
The institution name appears as a header above your accounts in the accounts list. Customizing these names helps organize accounts when you have multiple banks.
How to Rename
Hover over the panel on the left-hand side and select Settings
Select Accounts
Find the financial institution (not individual account)
Click the three dots at the end
Select Edit institution
Enter your preferred Name
Click Update when done
This change only affects display names - it doesn't impact connections or transaction downloads.
Common uses:
Shortening long bank names
Grouping related institutions
Adding location identifiers for multiple branches
Best Practices
Keep Names Functional
Specific but concise: Long names get truncated in mobile view
Avoid special characters: Some may not display properly
Skip account numbers: Already shown separately for security
Update as needed: Change names when account purposes change
Organization Tips
Review names quarterly to ensure they still make sense
Mark closed accounts clearly: "CLOSED - Old Checking"
Use consistent formatting across all accounts
Consider how names appear in reports and spending plans
Common Pitfalls
Generic names like "Checking 1" and "Checking 2"
Including sensitive information in names
Making names too long for mobile displays
Forgetting to update after life changes
Troubleshooting
Changes not saving
Ensure you clicked Update or pressed Enter
Check for unsupported special characters
Try a shorter name
Refresh your browser
Can't find edit option
Some account types have limited editing
Verify you have owner permissions (not just viewing shared data)
Try the alternate editing method
Account type won't change
Investment accounts have type restrictions
Some connected accounts lock certain types
Consider creating a manual account if needed
The Bottom Line
Well-organized account names transform Quicken Simplifi from a transaction list into a clear financial command center. Taking 15-20 minutes to customize your account names and types pays dividends in daily use and prevents costly mistakes from using the wrong account.
Start with your most-used accounts and develop a naming system that makes sense for your situation. As Ashley learned, the difference between "Checking ...1234" and "Monthly Bills" can be the difference between financial clarity and confusion.
Hint: Before renaming accounts, screenshot your current setup. This creates a reference if you need to match statements or tax documents that use original bank names. Also, consider how account names will appear in your Spending Plan bubbles and Reports - test a few options to find the perfect balance between descriptive and display-friendly.