Insights that Protect

  • Updated

MXinsights engages users with a personalized, AI-driven feed of notifications that inform, guide, and protect their financial well-being. This article describes the insights that protect users.

Insights in this article:

Bill Amount Not Standard

This insight notifies users that MX has identified a bill payment that is higher or lower than usual.

Click View transactions to see details about transactions from the merchant.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • In order for a transaction to be considered a bill transaction, it must meet all of the following requirements:
    • It must have a status of POSTED
    • It must be a debit transaction
    • It must be associated with a merchant
    • It must be in one of the following categories:
      • Bills & Utilities
      • Internet
      • Mobile Phone
      • Utilities
  • The user must have at least one historical debit transaction that is for the same merchant and in the same category as the transaction that is triggering this insight.
  • The user must have at least 3 transactions in the last 4 months from the same merchant with the same category.

Trigger:

A transaction is created which meets the requirements above, or a PENDING transaction which meets the defined requirements is updated to a status of POSTED.

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Charge Dispute Refund

This insight notifies users that they've received a credit related to a charge dispute.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • A transaction must meet all of the conditions below in order for a Charge Dispute Refund insight to be generated:
    • The transaction status must be POSTED
    • The transaction must be a CREDIT
    • The system_transaction_rule_guid is set to one of the following:
      • Final dispute
      • Permanent dispute
      • Permanent credit on dispute
    • The transaction must be held in an account with type CHECKING, SAVINGS, or CREDIT_CARD.

Trigger:

A transaction is created which meets the defined requirements, or a PENDING transaction which meets the defined requirements is updated to a status of POSTED.

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Credit Card Close to Limit

This insight notifies users that they have reached 75%, or a custom percentage, of their credit card spending limit.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • A user's credit card account is considered high when all of the following are true:
    • The user has one or more credit card accounts.
    • One or more accounts has hit or passed a user configurable percentage (defaults to 75%).

Trigger:

Whenever an account which meets the specified requirements is updated.

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Credit Card Interest Summary

This insight shows users how much they are spending on interest on their credit cards over the last 90 days.

Click Learn how to save to use the credit card payoff calculator.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • The user must have one or more credit cards.
  • The user must have been charged some amount in interest on these credit cards in the last 90 days.
  • There must be an interest charge in the last month.
  • A transaction is considered an interest charge when all of the following attributes are true:
    • The transaction type must be DEBIT .
    • The transaction category must be FINANCE CHARGE .
    • The transaction must include "interest" or "finance charge" in the feed description; the case does not matter.
  • This insight must not already exist for the previous month.

Trigger:

This insight is automatically generated once per month.

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Credit Utilization

This insight notifies users that MX has identified that their credit utilization is high. There are two types of insights that can be generated: a warning and an alert.

Click Learn more to see details about credit use and accounts.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • A user's credit utilization is considered high when all of the following are true:
    • The user has one or more credit card accounts. We limit this insight to only using a maximum of 15 accounts.
    • A warning is generated when:
      • The user's balance is at least 20% or greater of their total credit limit.
      • The user has not had a previous warning or alert credit utilization beat for the current month.
    • An alert is generated when:
      • The user's balance is at least 30% or greater of their total credit limit.
      • The user has not had a previous alert credit utilization beat for the current month.

Trigger:

This insight is created once per week with the scheduler.

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Duplicate Payment

This insight alerts users when a possible duplicate payment is detected. When there's a new transaction, we check for transactions that have the same date, amount, and merchant.

Requirements and triggers:

This insights appears based on the following requirements and triggers.

Requirements:

In order for a Duplicate Payment insight to be generated, at least two transactions must have either:

  • The same amount and merchant guid, or
  • The same amount and description but no merchant guid

In addition, the transactions must be debit transactions posted under the same account and have dates (transacted or posted dates) that are no more than 15 minutes apart. Account type should be either CHECKING or CREDIT_CARD.

Trigger:

A duplicate transaction is created in the system based upon the requirements above. It then publishes this duplicate payment information which is subscribed to and used to generate the insight. 

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Fee Detected

An insight to help users identify fees that are charged to their account.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • Debit only transactions
  • Occurs in one of the following categories:
    • Fees & Charges
    • ATM Fee
    • Bank Fee
    • Finance Charge
    • Late Fee
    • Service Fee
  • Limit to five insights each week

Trigger:

A transaction is created which meets the defined requirements.

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Large Transactions

An insight to bring larger than normal transactions to the user's attention.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • The amount is greater than a default threshold of $500, or by a configured amount.
  • Debit only transactions
  • Only spend account types (Checking, Savings, Credit Card)
  • Occurs in one of the following categories:
    • Auto & Transport (not auto payments or auto insurance)
    • Bills & Utilities
    • Business Services
    • Education (not student loans)
    • “Entertainment”
    • Food & Dining
    • Health & Fitness
    • Home (not mortgage or home insurance)
    • Kids
    • Personal Care
    • Pets
    • Shopping
    • Travel
    • Uncategorized
  • Transaction has not been triggered in another insight already

Trigger:

A transaction is created which meets the defined requirements.

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Low Account Balances

This insight notifies users when an account balance falls below a certain threshold.

Click View more to see recent transactions.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • This insight is account specific.
  • The account balance threshold is tied to the corresponding Notification Profile from MoneyMap associated with the account.
  • This insight does not depend on the top-level Low Account Balance Notification Profile being enabled, it only checks for Notification Profiles being enabled for specific accounts.
  • The account did not trigger a previous Low Account Balance beat within 15 days.

Trigger:

This insight is triggered when the specified requirements are met.

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Micro Deposit

This insight alerts users when micro-deposits have reached their account. Micro-deposits are usually less than $1 and are made to verify that accounts receiving the transaction are actually the accounts the sender intended to reach.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • In order for the Micro-Deposits insight to be generated, two transactions must:
    • Have the is_micro_deposit classifier
    • Have the same merchant_guid
    • Have the same description
    • Be in a deposit account
    • Transactions must be credit transactions posted under the same account and must have occurred within 24 hours of each other. Account type should be either CHECKING or SAVINGS.

Trigger:

Two micro-deposits are created in the system based upon the requirements above.

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Monthly Spend to Income Comparison

This insight shows a user their income to spend comparison for the last four months.

Click View more to see recent spending and income.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • This insight must not already exist for the previous month.
  • The user must have at least 1 Checkings or Savings account.
  • The user must have at least 2 months in the previous 4 months with transactions in Checkings or Savings account(s).
  • The user must have transactions for the previous month in Checkings or Savings account(s).

Trigger:

This insight is created once per month with the scheduler.

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Subscription Detected

This insight notifies users that MX has identified a subscription in one of their accounts that has not identified before for this user.

Click view transactions for details about the transaction.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • A subscription is considered a new subscription when all of the following are true:
    • The transaction status must be POSTED.
    • The transaction is associated with a scheduled payment.
    • The transaction is a debit.
    • The transaction is associated with a merchant.
    • The scheduled payment has scheduled_payment_type set to 1.
    • We are unable to find a previously created transaction for the same Scheduled Payment. We look as far as 13 months ago for a matching transaction.

Trigger:

This insight triggers when a transaction is created which meets the defined requirements, or a PENDING transaction which meets the defined requirements is updated to a status of POSTED.

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Subscription Price Increase

This insight notifies users that MX has identified a subscription that has increased.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • Two transactions are required in order for a Subscription Price Increase beat to be generated:
    • The first transaction is the transaction that is being created.
    • The second transaction is the previous transaction associated with the subscription. The search range for this transaction starts one second before the date time of the first transaction and goes back 13 months.
  • Both of these transactions must be:
    • Assigned to the same merchant (merchant_guid).
    • Assigned to the same scheduled payment (scheduled_payment_guid)
  • The difference in the amount of the two transactions must be over 50 cents ($0.50).
  • The type of the assigned scheduled payment must be 'SUBSCRIPTION'.

Trigger:

This insight triggers when a transaction is created which meets the defined requirements, or a PENDING transaction which meets the defined requirements is updated to a status of POSTED.

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Transparent Overdraft

This insight warn users of a possible overdraft projected within the next seven days.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • A user must have at least one checking account.
  • Account balance information must be available for the account in question for the current date and each day for one month prior.
  • An Overdraft Prediction must exist with a prediction value of true.
  • The user can't already have a transparent overdraft warning beat for a given account that was active within the last 7 days.

Trigger:

This insight triggers when the requirements mentioned above are met.

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Upcoming Bill Payment

This insight alerts a user that, in 3 days, they have a bill payment due that is not a credit card and is not a subscription.

Click View bill history to see a chart of monthly payments for the bill.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • This insight must not already exist for the ScheduledPayment.
  • ScheduledPayment occurs_on date must be in the future.
  • ScheduledPayment must be for a bill.
  • ScheduledPayment must not be from the same merchant, on the same day, and for the same amount.

Trigger:

This insight is triggered when a user's ScheduledPayment(s) is created/updated.

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Weekly Small Purchases Summary

This insight notifies users that they've made a large number of small purchases within the previous week.

Click View small purchases to see details about the purchases.

Requirements and triggers:

This insight appears based on the following requirements and triggers.

Requirements:

  • Total of small purchase amounts from the previous week must be at least as high as the Small Purchases Total Threshold set on the client's insight profile (default value is $30).
  • A transaction is considered a small purchase when:
    • the amount is less than the Small Purchase Ceiling Amount configured by the client (default value is $10).
    • it is a Debit transaction.
    • it comes from a Savings, Checking or Credit Card account.
    • the top level category is one of the following:
      • Auto & Transport
      • Bills & Utilities
      • Business Services
      • Education
      • Entertainment
      • Fees & Charges
      • Financial
      • Food & Dining
      • Gifts & Donations
      • Health & Fitness
      • Home
      • Kids
      • Personal Care
      • Pets
      • Shopping
      • Travel
      • Uncategorized
    • the category is not one of the following:
      • Auto Insurance
      • Auto Payment
      • Babysitter & Daycare
      • Baby Supplies
      • Child Support
      • Doctor
      • Groceries
      • Health Insurance
      • Mortgage & Rent
      • Utilities

Trigger:

This insight is triggered once per week.

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