Location-based categorization prompting of transactions

A computer program product for providing suggested financial transaction categories based on location, the computer program product comprising:

• a non-transitory computer readable storage medium having computer readable program code embodied therewith, the computer readable program code comprising:
• a computer readable program code configured to determine a location of a user;
• a computer readable program code configured to access a database comprising a plurality of locations and associated financial transaction categories;
• a computer readable program code configured to determine at least one financial transaction category associated with the location of the user using the database, wherein the at least one financial transaction category is based on one or more financial transaction categories associated with a previous financial transaction at the location;
• and
• a computer readable program code configured to provide the at least one financial transaction category to the user so that the user may categorize a financial transaction.

A method for providing suggested financial transaction categories based on location, the method comprising:

• using a computer processor comprising computer program code instructions stored in a non-transitory computer readable medium, wherein said computer program code instructions are structured to cause said computer processor to:
• determine a location of a user;
• access a database comprising a plurality of locations and associated financial transaction categories;
• determine at least one financial transaction category associated with the location of the user using the database, wherein the at least one financial transaction category is based on one or more categories associated with a previous financial transaction at the location;
• and
• provide the at least one financial transaction category to the user so that the user may categorize a financial transaction.