Online banking has changed the way we live. By going “paperless”, we can now instantly review and manage most of our finances directly online, rather than physically being at the bank. We’re also saving so many trees by not piling up wasted paper in the mail (yay!).
While online banking has changed our physical mailboxes (and the environment) for the better, our email inboxes have taken a toll.
In this guide, learn about InMoat's Banking & Finances filters.
Banking & Finances
InMoat distinguishes incoming email correspondence from your bank and/or financial service provider, and separates them by the type of notice: Credit Card Payment Reminders, Monthly statements, Scheduled & Posted Payments, Money Received, Money Sent, and General Finance Notices.
Credit Card Payment Reminders
Emails notifications from your bank reminding you of your upcoming credit card bills.
Monthly emails regarding your most recent monthly statement.
Scheduled & Posted Payments
Email notifications from your bank confirming that your payment has been posted and/or scheduled.
Email notices regarding incoming payments to your account, such as incoming wire transfers, checks deposited, and payments to you via peer-to-peer apps (eg. Venmo, Paypal, Wise, etc.)
Email notices confirming sent/paid money, such as a outgoing wire transfers, and money sent via peer-to-peer payment apps (eg. Venmo, Paypal, Payoneer, etc).
General Finance Notices
Other general notifications from your bank or financial service providers, such as account activity and other bank correspondence.
It’s obviously a good thing that banks want to keep us in the loop via email, but not all email updates are treated equally. If you’re a business owner, accountant, or someone who has business banking, perhaps you may want to use all filters to make sure you’re on top of your finances.
But if you’re an average Joe or Jane with personal banking needs, you probably don’t need to receive every email alert from the bank– eg. notifications of monthly statements. If anything, you can always pull down a bank statement within your online banking portal, rather than clutter your inbox.
At the end of the day, you decide what’s important to you and your priorities.