Has anyone successfully changed a savings to a checking account with all the transactions?

Direct import is now available for UK banks - woohoo!  However, have just realised that I have inadvertently set one account up as a Savings account rather than a Checking account so can't set up the Direct Import.

YNAB help pages suggests setting up a whole new YNAB Checking account, transferring the balance from the incorrect Savings account and then closing the old account with all the  transactions on it.  I would rather move the transactions across to the new account if that were possible.

I wondered whether it might work OK and not completely mess up my budgets, if I moved the transactions one month at a time and checked everything after each move - the transactions go back two years.

Has anyone done anything similar and it was successful?  Or is this just a very bad idea!?!

Thanks!

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  • I've never tried it but what happens in the budget is independent on where the transactions happen as long as the accounts are all cash-based. So no credit card account. Since in your case it's Savings and Checking, I don't see how it change anything in your budget.

    You can always open a new budget. Add 2 accounts and put in some fake transactions spanning 2 years. See what the budget for this month look like. Transfer the transactions and check that nothing has changed in the budget.

    I think moving transactions 1 month at a time is just too much work and would do it all at once or not at all, but each to their own.

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      • MiniMum
      • Blue_Thunder.4
      • 1 mth ago
      • Reported - view

      Ceeses So you think just go for it!  The only reason I'm suggesting a more cautious approach is because YNAB say not to try to move all the transactions if changing account type and you have more than a month of transactions...... 

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  • YNAB doesn't seem to care what the account type is when linking accounts. By which I mean, I just unlinked my checking and savings account and was able to re-link them such that the YNAB checking linked to the bank savings and the YNAB savings linked to the bank checking. 

    Did you get an error when trying to connect the account?

    (I'm in the US - there might be something with the UK banking/account system that would make that not work? But I don't know what it would be, since functionally, there's no difference in YNAB between a checking and savings account.)

    Another option would be to make a new account of the correct kind, go to the All Accounts tab in YNAB, select all the transactions from that account and bulk edit to move them to the new correct kind of account, and link that account to your bank. 

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      • MiniMum
      • Blue_Thunder.4
      • 1 mth ago
      • Reported - view

      Fuzzball Meows YNAB doesn't give me the option to link this account so have assumed ';ve set it up as a Savings account on YNAB rather than Checking.  There's no button to link at the top of the account page.

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      • WordTenor
      • Can we agree that goals are dumb and immature? Sure.
      • WordTenor
      • 1 mth ago
      • Reported - view

      MiniMum Have you tried the edit button on the web app? 

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      • MiniMum
      • Blue_Thunder.4
      • 1 mth ago
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      WordTenor Yes you definitely can't link a Savings account - there's no options to do so.

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    • MiniMum I realize you got the changing account type taken care of, but I'd reach out to support about this. You *should* be able to link a savings account the same way you can a checking account, by selecting the edit account button and clicking link account (on the web - I've no idea how to do it via mobile, but assume it's somehow under edit account there too).

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      • WordTenor
      • Can we agree that goals are dumb and immature? Sure.
      • WordTenor
      • 1 mth ago
      • 1
      • Reported - view

      MiniMum I think you must’ve set it up as a cash account, then, as that’s the only account type that doesn’t have an option to link. Glad you were able to fix it, though!

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      • MiniMum
      • Blue_Thunder.4
      • 1 mth ago
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      Fuzzball Meows Ummm that's interesting.  Just took another look and can't see anywhere where you can see the type of account, but noted when setting up new accounts there is also the option of a cash account, maybe I used this in error - this is the first account I started on YNAB and we call Checking accounts, Current accounts in the UK so may have been confused by the terminology.  Anyway, it's all sorted now, but thanks for taking the time to reply :-) And Happy Christmas! 

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    • MiniMum  You and Word Tenor have the same thought. Weird that we can't see what type of account it is, but having set it up as the wrong account type would make sense for the not linking issue. Glad you got it sorted, either way!

      Happy Christmas to you!

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  • I've done it! - Did it month by month checking my budget as I did so.  All seemed to go OK and doesn't look like there are any issues.  :-)

    Like 1
    • MiniMum Woo! Glad you're on track!

      Fuzzball Meows and WordTenor are right - you can link a savings, but not a cash account, so that must have been the issue. 

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