Managing Recurring Transactions & Subscriptions

Never miss a subscription or recurring payment again

Prism Wallet automatically detects and tracks your recurring transactions, helping you stay on top of subscriptions, bills, and regular payments.

What Are Recurring Transactions?

Types We Detect

Subscriptions: Netflix, Spotify, gym memberships
Bills: Utilities, rent, insurance
Transfers: Regular savings, investments
Memberships: Professional dues, clubs
Services: Cleaning, lawn care, maintenance

How Detection Works

Our AI identifies patterns:

Same merchant name
Similar amounts (±10%)
Regular intervals (weekly/monthly/yearly)
Minimum 2 occurrences

Viewing Recurring Transactions

Recurring Dashboard

Access from Transactions tab → Recurring:

Active Subscriptions: Currently charging
Upcoming Payments: Next 30 days
Total Monthly Cost: Sum of all recurring
Inactive/Cancelled: Historical subscriptions

Information Displayed

For each recurring transaction:

Merchant name and logo
Amount per period
Billing frequency
Next payment date
Total spent to date
Category

Managing Subscriptions

Subscription Details

Tap any subscription to see:

Payment History: All past charges
Average Cost: Including variations
Started Date: First detection
Annual Cost: Projected yearly amount
Category: With option to change

Setting Reminders

Get notified before charges:

Tap the subscription
Enable "Payment Reminder"
Choose notification timing:
- 1 day before
- 3 days before
- 1 week before
Save preferences

Tracking Cancellations

When you cancel a service:

Tap the subscription
Select "Mark as Cancelled"
Enter cancellation date
We'll verify it stops charging

Subscription Management

Finding Unwanted Subscriptions

Look for:

Unused Services: Haven't used in 30+ days
Duplicate Services: Multiple streaming, etc.
Free Trials: That converted to paid
Annual Charges: Easy to forget

Cancellation Help

For each subscription, we provide:

Direct cancellation link (when available)
Phone number for service
Typical cancellation process
Things to watch out for

Optimization Suggestions

Our AI suggests:

Bundle Savings: Combine services
Downgrade Options: Lower tiers
Alternatives: Cheaper options
Sharing Opportunities: Family plans

Bill Management

Bill Tracking

For regular bills like utilities:

Track amount variations
Spot unusual increases
Set payment reminders
Note due dates

Bill Calendar View

See all bills in calendar:

Monthly view of due dates
Color-coded by category
Tap to see bill details
Export to calendar app

Variable Bills

For bills that change (utilities):

See average amount
Track seasonal patterns
Get alerts for spikes
Compare year-over-year

Advanced Features

Subscription Analytics

Understand your recurring spending:

By Category: Entertainment, utilities, etc.
By Frequency: Monthly, annual breakdown
Growth Over Time: How subscriptions increased
Cost Per Day: Daily subscription cost

Smart Alerts

Get notified about:

Price Increases: When subscription costs rise
New Subscriptions: Newly detected recurring
Failed Payments: When charges don't go through
Annual Renewals: Big yearly charges coming

Free Trial Tracking

Never forget a free trial:

Add trial when signing up
Set trial end date
Get reminder before charging
Easy cancellation reminders

Managing Recurring Transfers

Automated Savings

Track regular transfers:

To savings accounts
Investment contributions
Loan payments
Between your accounts

Transfer Insights

See:

Total saved via transfers
Consistency tracking
Goal progress
Optimization opportunities

Troubleshooting

Not Detected as Recurring

If a subscription isn't detected:

Needs 2+ occurrences
Check if amounts vary significantly
Manually mark as recurring
Report to improve detection

Wrong Frequency

If timing is incorrect:

Tap subscription
Edit frequency
Choose: Weekly/Bi-weekly/Monthly/Yearly
Save changes

Duplicate Detection

Same subscription twice:

Usually different payment methods
Check credit card vs bank account
Merge if truly duplicate
Keep separate if different

Best Practices

Monthly Subscription Audit

Review all active subscriptions
Check for unused services
Look for price increases
Consider downgrades/cancellations

Annual Planning

List all annual subscriptions
Note renewal months
Budget for big renewals
Set calendar reminders

Identify shareable subscriptions
Calculate per-person costs
Set up cost splitting
Track who owes what

Money-Saving Tips

Subscription Strategies

Annual Discounts: Many offer 10-20% off
Bundle Services: Combined packages
Share Accounts: Family/group plans
Rotate Services: Don't need all simultaneously
Negotiate Rates: Call for retention offers

Red Flags to Watch

Subscriptions you forgot about
Services you use less than monthly
Duplicate services (multiple streaming)
Price creep over time
Better alternatives available

Premium Features

Advanced Analytics

Subscription spending trends
Category comparisons
Cancellation tracking
Savings opportunities

Bulk Management

Cancel multiple at once
Export subscription list
Share with family
Budget integration

Negotiation Helper

Rate increase history
Competitor pricing
Negotiation scripts
Success tracking

Privacy & Data

What We Track

Merchant and amount only
No content access
No usage data
Just financial transactions

Your Control

Hide sensitive subscriptions
Delete history anytime
Export your data
Control notifications

Quick Actions

Cancel a Subscription

Find in recurring list
Tap for details
Select "How to Cancel"
Follow provided steps
Mark as cancelled when done

Add Missing Recurring

Tap "+" in recurring section
Enter service name
Set amount and frequency
Choose start date
Save manually tracked

Go to recurring dashboard
Tap share icon
Choose format (text/CSV)
Send to family/accountant

Remember: Small subscriptions add up! Regular reviews can save hundreds per year.