Summary
The data shown in Nance is generally accurate because it comes directly from your connected bank accounts and credit cards. However, small differences can sometimes occur due to bank processing times, refresh timing, or how transactions are categorized.
How Data Accuracy Works in Nance
Nance builds your financial view using transaction data received from your connected financial accounts. Since this information originates from your bank or credit card provider, the transaction amounts and details reflect the records maintained by those institutions.
Bank-sourced transaction data
When your accounts are connected, Nance retrieves transaction information such as the amount, date, and merchant description. Because this data comes directly from the financial institution, it typically matches the information shown in your bank statement.
Refresh and data update timing
Nance updates financial data through scheduled refresh cycles. If a transaction was very recent or your bank has not yet shared the updated information, the app may temporarily display older data until the next refresh occurs.
Transaction categorization accuracy
Nance automatically categorizes transactions to help organize your spending. While the categorization system is designed to be accurate, some transactions may occasionally be placed in the wrong category due to unclear merchant descriptions. You can correct the category when needed.
Pending or recently processed transactions
Banks sometimes take time to finalize transactions. During this period, a transaction might not appear immediately in Nance or could appear slightly later once the bank confirms it.
Overall, Nance reflects the financial data provided by your connected accounts, and any temporary differences are usually related to bank processing times, refresh timing, or categorization adjustments rather than incorrect transaction data.