When first syncing your Cash accounts balances and transactions within your Empower Personal Dashboard setup, the Account name and Account type is synced as well to identify the specific account. This information can be updated within the Empower Personal Dashboard web application by selecting the edit icon (the pencil) next to the account name which will open the Edit account window.
The Account type can be updated to the following:
- Bank
- Certificate of Deposit (CD)
- Trust
- Custodial
- Business/Corporate
- Health Savings Plan
Depending upon the Account type, additional information can be specified. (E.G. - Ownership type, Account owner, Beneficiaries, etc.)
Additionally, you can exclude specific Cash accounts from our tools or group them with your other Investment accounts if they are used for that purpose.