tag:infinitekind.tenderapp.com,2009-01-14:/discussions/online-banking/1250-bank-of-america-directconnect-confusionInfinite Kind: Discussion 2018-03-08T11:46:51Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/382498442015-10-20T18:30:56Z2015-10-20T18:30:56ZBank of America DirectConnect confusion<div><p>Hi Rob,</p>
<p>There are two methods that personal finance software can use to
access your accounts: direct connect and web connect. With web
connect, the software basically connects to your bank's website and
downloads and imports OFX, QFX, QIF, and OFC files automatically.
Direct connect actually connects to a server at your bank instead
of their website and usually requires different login credentials
than you would use to log into your banks website. The latter is
somewhat more secure. From a user's perspective, these two
connections look basically identical. Moneydance only supports
automatic connections through direct connect and not web connect.
Bank of America is using web connect with Quicken.</p>
<p>Bank of America's decision to discontinue supporting direct
connect service to new customers is out of our control. We are,
however, looking at developing and implementing alternative
connection protocols. Unfortunately, I can not provide a timeline
to when additional functionality will be available.</p>
<p>Please let me know if I can be of further assistance!</p>
<p>Jerome<br>
Infinite Kind Support</p></div>Jerometag:infinitekind.tenderapp.com,2009-01-14:Comment/382498442015-10-20T18:34:04Z2015-10-20T18:34:05ZBank of America DirectConnect confusion<div><p>Thanks for the explanation Jerome. This stuff is confusing.
According to Bank of America, I am signed up for Direct Connect.
They had to enable that connection for me when I first started
using it a few years ago. I confirmed with them that I am using
Direct Connect.</p>
<p>For what it's worth, I'm able to connect to Bank of America with
SEE Finance without any problems. I really want to switch from
Quicken for Windows (in a VM) to a native Mac app. I like
Moneydance the best, but the inability to connect to Bank of
America is, sadly, the deal breaker for me.</p></div>Robtag:infinitekind.tenderapp.com,2009-01-14:Comment/382498442015-10-20T18:39:23Z2015-10-20T18:39:23ZBank of America DirectConnect confusion<div><p>Hi Rob,</p>
<p>If you are already using Direct Connect with BoA, you can set it
up in Moneydance. You'll need to enter the connection information
using the Advanced settings button when creating the connection.
Here is the information you need to enter:</p>
<p>OFX Server URL: <a href="https://eftx.bankofamerica.com/eftxweb/access.ofx">https://eftx.bankofamerica.com/eftxweb/access.ofx</a><br>
FI OG: HAN<br>
FI ID: 5959</p>
<p>That should allow you to connect. Please let us know if you have
any trouble.</p>
<p>Ian<br>
Infinite Kind Support</p></div>Ian Ltag:infinitekind.tenderapp.com,2009-01-14:Comment/382498442015-10-20T18:45:41Z2015-10-20T18:45:44ZBank of America DirectConnect confusion<div><p>Thanks Ian! I'll give that a try and let you know how it
goes.</p></div>Robtag:infinitekind.tenderapp.com,2009-01-14:Comment/382498442015-10-20T19:41:03Z2015-10-20T19:41:05ZBank of America DirectConnect confusion<div><p>Other than Moneydance downloading a bunch of transactions that
were already in the account (when I imported the QIF file), I was
able to connect! Thanks for the help! Now I can give Moneydance a
serious trial.</p></div>Robtag:infinitekind.tenderapp.com,2009-01-14:Comment/382498442015-10-20T19:43:37Z2015-10-20T19:43:37ZBank of America DirectConnect confusion<div><p>Hi Rob,</p>
<p>I'm glad that we could be of service. Please let us know if we
can be of further assistance!</p>
<p>Jerome<br>
Infinite Kind Support</p></div>Jerome