What are the different transaction types?
Here you will find a list of the various types that can be assigned to transactions in iBank. The definitions provided are relatively loose; although some types force transaction amounts to be either positive or negative, the differences between types are for the most part nominal. Please feel free to use your own discretion in choosing the appropriate type for a particular transaction.
- ATM - money withdrawn at an ATM
- Charge - money withdrawn by a credit or debit card
- Check - money withdrawn by check
- Deposit - money added by any method
- Online - money withdrawn through online banking
- POS - money withdrawn through point-of-sale transaction (usually debit card)
- Transfer - money moved from one account to another (for more information, see Account Transfers)
- Withdrawal - money taken out by any method
- Buy - money withdrawn to purchase shares
- Buy to Close - money withdrawn to close out a position on a stock option opened with "Sell to Open"
- Buy to Open - money withdrawn to purchase a stock option put or call (i.e. open a long position)
- Dividend - interest deposited back into the account, whether in cash or shares (for cash dividends, enter the amount only; for shares received as a dividend, enter the symbol and number of shares)
- Move Shares - securities transferred between brokerage accounts, or received as a gift or inheritance (the price entered for this transaction will not affect the cash value of your investment account, but will be counted in the security's cost basis)
- Sell - money deposited as a result of selling shares
- Sell to Close - money deposited to close out a position on a stock option opened with "Buy to Open"
- Sell to Open - money deposited to write/sell a stock option put or call (i.e. open a short position)
- Split - stock split
(enter the number of shares gained as a result of the split; in the case of a reverse split, enter the number of shares lost as a negative number)