Summary
Yes. To start using Nance, you must connect at least one bank account. Nance relies on transaction data from connected financial accounts to track spending, generate insights, and power its financial analysis features.
Why a Bank Account Is Required in Nance
Nance is designed to help you understand your finances by analyzing real transaction data. To do this, the app needs access to financial activity from at least one connected bank account.
When you connect a bank account, Nance can begin retrieving transaction information such as:
- purchases and payments
- deposits and income
- ATM withdrawals
- transfers between accounts
This data becomes the foundation for all the financial tools inside Nance.
Transaction tracking and categorization
Once your account is connected, Nance automatically collects your transactions and organizes them into categories. This allows the system to analyze your spending patterns and provide meaningful financial insights.
Insights, budgets, and analysis
Many of Nance’s features depend on real financial data. Connecting a bank account enables features such as:
- spending insights and analytics
- category-based spending analysis
- smart budgets
- spending channel analysis
- financial reports and comparisons
Without a connected bank account, Nance would not have the transaction data needed to provide these features.
Minimum connection requirement
Nance requires at least one bank account to remain connected for the app to function properly. If the last connected bank account is removed, the Nance account must also be deleted because the system cannot operate without financial data.
By connecting your bank account, Nance can automatically track your financial activity and turn it into insights that help you better understand and manage your money.