Sofi Vaults deposits also show in main savings account resulting in higher balance- Quicken Mac

luckyck484

When transferring money into a vault, the deposit also shows in main savings account. This skews the balance as that money is accounted for twice. For example, in the attached screenshot, I transferred money from my main savings account into two vaults. The money is withdrawn from the main savings but then shows as deposited into the vaults and also back into the main savings. The end result is the vault balance increases correctly but the main savings balance never decreases.

Does anyone know if there's a way to handle this?

Jon

Sofi vaults are not separate accounts - the money is really still in your savings account. So I'm not sure it makes sense to track vaults in Quicken as if they were bank accounts. If SoFi is telling Quicken the money is in two different places at the same time, that sounds like a problem on Sofi's end.