> ## Documentation Index
> Fetch the complete documentation index at: https://help.mytruv.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Account Types Explained

> Understand the different account types MyTruv recognizes and how each one affects your net worth.

MyTruv groups your connected accounts into four broad categories so you can see your financial picture at a glance. The exact subtype you see depends on what your bank or payroll provider reports back.

## Account categories

### Depository

Accounts where you hold cash. These count as **assets** in your net worth.

* **Checking** - everyday spending
* **Savings** - regular savings accounts
* **Money Market** - higher-interest savings
* **CD (Certificate of Deposit)** - fixed-term savings
* **Prepaid** - prepaid card accounts

### Credit

Revolving credit. These count as **liabilities**.

* **Credit Card**
* **Line of Credit** - flexible borrowing
* **Checking Line of Credit** - overdraft credit line linked to a checking account

### Investment

Accounts where your money is invested. These count as **assets**.

* **Brokerage** - taxable investment accounts (stocks, bonds, funds)
* **Retirement** - 401(k), 403(b), IRA, Roth IRA, Rollover IRA, Pension, ESOP
* **Education savings** - 529 plans
* **HSA** - Health Savings Accounts
* **Annuities** - fixed and variable

### Loan

Money you owe. These count as **liabilities**.

* **Mortgage**
* **Home Equity Loan**
* **HELOC** (Home Equity Line of Credit)
* **Auto Loan**
* **Student Loan**
* **Personal Loan**
* **Small Business Loan**
* **Other secured loans**

## How account types affect your net worth

* **Depository** and **Investment** balances are counted as **assets** and add to your net worth.
* **Credit** and **Loan** balances are counted as **liabilities** and subtract from your net worth.

<Note>
  Categorization comes from your institution, not MyTruv. If a specific subtype isn't recognized, the account still appears under the broader category (for example, an unusual loan still shows up under **Loan**). MyTruv doesn't currently let you re-classify accounts manually.
</Note>

<Tip>For an accurate net worth reading, connect every type of account that matters - including credit cards, loans, and investments, not just bank accounts.</Tip>