Why rename your accounts?
When your bank accounts have generic names like "Checking" or "High-Yield Savings," it can be hard to tell them apart at a glance — particularly if you have multiple accounts at the same institution. Giving each account a meaningful name means Frank can reference them clearly in conversation, and you'll instantly recognise which account is which when reviewing transactions.
This is especially valuable if you're running Profit First (or a variation of it), where you intentionally split money across multiple accounts for different purposes — such as Revenue, Owner's Pay, Tax, Operating Expenses, or Profit. With custom names in place, Frank can correctly track transfers between those accounts and avoid any double-counting of income or expenses.
How to rename an account
Navigate to Banking in the left sidebar.
Find the account you'd like to rename and click the Edit button on its card.
In the Edit Account dialog, clear the existing name in the Account Name field and type whatever you'd like to call it (e.g. "Profit Hold", "Tax Reserve", "Owner's Pay").
Click Save.
The new name will appear on the Banking Overview and throughout Frank, including in conversations and transaction screens.
Tips
Be descriptive. Names like "OpEx Account" or "Tax Reserve" are much clearer than "Checking 2" when asking Frank questions about your finances.
Profit First users: name your accounts to match your Profit First allocations (e.g. "Revenue Inbox", "Profit", "Owner's Pay", "Tax", "OpEx"). This lets Frank correctly attribute transfers between accounts and keep your reporting clean.
You can rename accounts at any time — simply repeat the steps above whenever your setup changes.