Adding all your accounts is often the first step when starting with Monarch. This will allow you to track your net worth, and once you have your bank accounts, credit cards and other financial accounts connected, you can start tracking your cash flow or set up a budget.
When you connect to a financial institution and add your accounts, we will default to the best data provider. If you want to choose a different data provider, click here to learn how.
Steps to add an account
- Click the "Add account" button on the web app or the "+" icon in the mobile app. Both are at the top right of the Accounts section.
- Search for your institution by typing in its name or website. (e.g. American Express or americanexpress.com)
- Follow the steps and enter the information to connect to your institution. You may also be asked to answer security questions or enter security codes, like MFA.
- We support over 10,000 different financial institutions through our data providers. If you can't find your institution, you may need to add the account manually. Click here to learn more.
Special account types
Real estate has a unique setup where you can track your home's or property's market price using Zillow. The value Zillow uses is an algorithm called "Zestimate" and is based on similar homes bought and sold recently in your area. If you don't wish to use Zillow, you can create a manual account for your home to add its value to your net worth.
Manual investment holdings are almost like a hybrid of manual and connected accounts. The account itself is manual, so it doesn't require your investment website username/password. However, the holdings (stocks, bonds, mutual funds, ETFs, crypto, etc.) have their prices updated dynamically, which means the balance of the account and the value of any investments are updated automatically.
If you wish to create a manual account, here is some information on tracking balances and transactions manually.