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Account Types

What types of accounts can I connect and how are they used?​

Checking Accounts​

  • Purpose: Monitor daily spending and cash flow
  • Benefits:
    • Track spending patterns
    • Identify opportunities to move excess cash to higher-yield accounts
    • Maintain appropriate balances to avoid fees
    • Get insights into your spending habits

Savings Accounts​

  • Purpose: Optimize your savings strategy
  • Benefits:
    • Track current savings rates
    • Identify better-yield savings options
    • Monitor savings goals and progress
    • Maximize interest earnings
  • Types Supported:
    • Regular savings accounts
    • Money market accounts
    • Certificates of Deposit (CDs)
    • Cash management accounts
    • HSAs

Credit Cards​

  • Purpose: Optimize credit card usage and rewards
  • Benefits:
    • Review purchases for missed rewards opportunities
    • Get recommendations for better credit cards based on spending
    • Track balances and payments
    • Optimize rewards and cashback earnings
    • Monitor credit utilization

Investment Accounts​

  • Purpose: Track and optimize investment portfolio
  • Benefits:
    • Monitor investment performance
    • Track retirement savings progress
    • Get investment recommendations
    • Optimize portfolio allocation
  • Types Supported:
    • Brokerage accounts
    • Retirement accounts (401(k), IRA, etc.)
    • Education savings accounts (529)
    • Health savings accounts (HSA)
    • Other investment vehicles

Loan Accounts​

  • Purpose: Manage and optimize debt
  • Benefits:
    • Track payment schedules
    • Monitor interest rates
    • Get debt repayment strategies
    • Optimize loan terms
  • Types Supported:
    • Auto loans
    • Business loans
    • Commercial loans
    • Construction loans
    • Consumer loans
    • HELOCs
    • General loans
    • Mortgage loans
    • Overdraft accounts
    • Student loans

How does Hiro use my connected accounts?​

Hiro uses your connected accounts to:

  1. Provide a complete financial picture
  2. Make personalized recommendations
  3. Track your net worth
  4. Monitor spending patterns
  5. Identify optimization opportunities
  6. Suggest better financial products
  7. Help maintain appropriate account balances
  8. Track progress toward financial goals