How does Korin identify upcoming commitments?

Korin looks for payment patterns that may indicate an upcoming bill or commitment.

It may consider:

• Previous payment dates • How regularly the payment occurs • Typical payment amounts • Merchant and transaction descriptions • Changes in the timing or value of the payment • Whether the payment is likely to occur before your next expected income

Examples may include rent, utilities, insurance, subscriptions, loan payments and other recurring expenses.

Not every repeated transaction is a guaranteed future commitment. Korin may also miss a commitment when:

• It has not occurred often enough • The merchant description changes • The amount or date varies substantially • The transaction is paid from an unconnected account • The commitment is new • The bank data is delayed

When Korin uses upcoming commitments in an answer, it should list them individually rather than showing only a combined total.