Why don't Mint's Transaction Rules use the REAL transaction name?
One area where Mint should absolutely be best in class is in Rename Rules, but there's one big issue that makes your Rename Rules a huge hassle. Here's my user story.
Take an example transaction from my bank statement:
Point of Sale Debit L340 TIME 11:15 AM DATE 06-18 AIRPORTRDFAMILY CHAPEL HILLNC
How does Mint read that?
"L Time Date" (see screenshot 1)
Every transaction from that bank has “L340” somewhere in it. It has “TIME” and “DATE” there, too. Based on a cursory Google search, I'm not the only one whose bank uses these terms in its transactional metadata. And yet this happens all the time in Mint.
Yes, Mint gives me the ability to create a Transaction Rule. I can manually teach Mint that this particular transaction is not from “L Time Date” but is from “Airport Road Family Fare”. I just type in the correct payee and check the box that says “Always rename L Time Date as Airport Road Family Fare" (see screenshot 2)
Wait, what?! If I check that box, Mint’s going to rewrite any transaction called “L Time Date” to “Airport Road Family Fare”. But… there’s no actual transaction called “L Time Date” on my bank statement. That’s just the useless payee that some back-end algorithm has invented. The moment I check that box, Mint starts renaming every debit transaction from my bank. Not helpful at all.
My question to the developers? Why doesn’t that checkbox say:
“Always rename Point of Sales Debit L340 TIME 11:15 AM DATE 06-18 AIRPORTRDFAMILY CHAPEL HILLNC as Airport Road Family Fare and categorize as Uncategorized.”
Use the FULL DESCRIPTION from my bank. Or fix your automatically renaming rules so they're actually useful. It doesn’t seem like that would be too hard to implement, and it would make your rename rules... truly rule.