Finally understand your bank labels.
“CARD PAYMENT 4972 LLC …”? Piggy Money’s AI turns cryptic labels into an identifiable merchant and expense type — and finds the matching receipt.
From cryptic label to receipt.
Read the label
The AI analyzes the raw bank label, even when it’s abbreviated or truncated.
Identify the merchant
It infers the merchant and expense type, with a confidence score.
Receipt proposed
The matching receipt is proposed, ready to reconcile in Pennylane.
The AI that reads what your bank writes badly.
AI decoding
Claude identifies the merchant and expense type from an unreadable label.
Confidence score
Each interpretation shows a certainty level, so you handle the sure cases first.
Merchant normalization
Variants of the same merchant are grouped, for consistent tracking.
Targeted receipt
Once the merchant is identified, the right receipt is searched for automatically.
Learning
Decoding improves with your approvals, especially on recurring expenses.
Human validation
You confirm the interpretation before any match — the AI proposes, you decide.
Frequently asked questions
Why are bank labels unreadable?+
Banks abbreviate and truncate descriptions (numbers, codes, partial company names). Piggy Money’s AI interprets them to recover the real merchant.
Does the AI ever get it wrong?+
Each interpretation shows a confidence score and is subject to your approval, so an error is never written automatically.
Does decoding work on recurring expenses?+
Yes, and it improves over time: once a recurring merchant is identified and approved, later occurrences are near-automatic.
Does decoding also find the receipt?+
Yes. Once the merchant is identified, Piggy Money searches for the matching receipt to reconcile it with the transaction.
Turn your labels into clear expenses.
Let the AI decode your bank labels and find the receipts — you approve.