Downloading transactions from B of A credit card

Dick's Avatar

Dick

06 Dec, 2020 04:25 PM

Just downloaded the app. Set up B of A credit card but do not see how to set up transaction download

  1. 1 Posted by dwg on 06 Dec, 2020 08:04 PM

    dwg's Avatar

    I'm a fellow user.

    There are two methods used by Financial Software to automatically connect and download transactions. One of these is the open standard Direct Connect (Open Financial Exchange - www.ofx.net) and the other is Quicken's proprietary Web Connect System. Direct connect is usually implemented as a separate system while Web connect is layered on top of a Bank's Internet Banking system.

    Bank of America dropped their support for new customers for their direct OFX connection service some time ago (https://www.bankofamerica.com/onlinebanking/online-financial-management-faqs.go). Moneydance requires this service in order to be able to automatically download transaction data from your bank.

    However, if your account was activated for direct connect before they turned off support, you should still be able to connect in Moneydance. There is no knowing how long this will continue to work, but you can try connecting with these settings:

    Institution ORG: HAN
    Institution ID: 5959
    OFX Server URL: https://eftx.bankofamerica.com/eftxweb/access.ofx

    You can enter these by going the Online->"Setup Online Banking" menu item and then clicking on the Advanced Setting button. Again, this will only work if your account has already been activated for Direct Connection.

    If you haven't enabled direct connect with Bank of America previously, the best way to get your transactions into Moneydance will be to use a web browser to download them from your bank's web site. You can download into QFX, QIF, OFX or OFC files (sometimes referred to as Quicken or MS Money files), any of which will import cleanly into Moneydance.

    You can also open your bank's download page directly (after entering the appropriate address in the Account->Edit Account menu) by going to the menu bar and selecting Online->Open Account Website.

  2. 2 Posted by Dick Brown on 07 Dec, 2020 04:09 PM

    Dick Brown's Avatar

    Thanks for your response. This will be a deal breaker for me if it not automated.

    Dick

  3. Melissa closed this discussion on 07 Dec, 2020 10:32 PM.

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