Transaction downloads

Art's Avatar

Art

30 Aug, 2019 09:16 PM

I want to purchase your latest software and I have few questions:

1. Can transactions be downloaded from various financial institutions without the need to enter the password for each and every one of them every time I want to update my register?
2. What type of connections are available - a) Direct Connect; b) Express Web Connect, etc.

Thank you for your prompt attention and reply.

Art

  1. 1 Posted by -Kevin N. on 30 Aug, 2019 11:44 PM

    -Kevin N.'s Avatar

    Hi Art,

    1. Here is a link to the financial institutions supported by Moneydance via direct-connect.
      https://infinitekind.com/fi
      Be sure to read the paragraph at the top of the page.
      User-names and passwords initially need to be enter so that Moneydance can 'learn' them. Once the proper setting are selected and a Master Password is created for the file, Moneydance can connect via direct-connect without prompting for user-names and passwords.
    2. Direct-connect is the only online protocol used with Moneydance. OFX, OFC, QFX and QIF files can be manually imported into most account types. Formatted CSV and TXT files can be manually imported into Bank and Credit Card account types.

    If I may make a suggestion, download the trial-version of Moneydance to see if it suits your needs.
    You can d/l the trial-version here:
    https://infinitekind.com/download-moneydance-personal-finance-software

    -Kevin N. (not a member of MD support)

  2. Support Staff 2 Posted by Maddy on 11 Sep, 2019 01:02 PM

    Maddy's Avatar

    Hi Art,
    Thank you for contacting Moneydance support.

    I can see you’ve received a reply from one of our knowledgeable Moneydance customers.
    To add to this useful information, it is worth mentioning that if you haven't already, I encourage you to download our free trial version and experiment with the program. You can download the trial version of Moneydance from our website on this page.

    The trial version is fully functional and allows you to manually enter 100 transactions. Imported transactions are not limited, so you'll be able to fully test downloading data from your bank, and importing data from other personal finance software.
    If you decide to purchase the program at a later date you can keep all data you have entered during the trial period.

    You can find the Moneydance knowledge base here which will be useful if you're using the program for the first time. I'd be happy to provide guidance if you have any questions or need assistance getting setup.


    Moneydance supports automatic downloads using Direct Connect, and you can view a list of financial institutions we've already established connections with on this page.

    If your bank/s are listed, you can set this up within Moneydance by navigating to Online --> Set Up Online Banking. Then select 'New Connection' and choose your financial institution from the list.

    Most banks require that you contact them to enable Direct Connect before you can download your data from within Moneydance. Have you already done this?

    When you enable Direct Connect, you'll be given the login credentials you need to connect. Generally, these login details differ from those used for other services like ATM or online banking.

    By only using Direct Connect, we can guarantee that your username, password and financial data only ever exists with your bank or on your own personal computer, and at no point are your details stored on another server.
    You can read more about why we only support this connection type in our blog and also in this article.

    Without Direct Connect, you are still able to easily import your data into the program. The best way to get your transactions into Moneydance is to use a web browser to download files from your bank's web site.

    We'd recommend you download using the OFX or QFX file format if available. If not, use the QIF file format. (These files are sometimes referred to as Quicken or MS Money files). You can import the files to Moneydance using File --> Import.
    The steps for manually importing your data are outlined in this article from the knowledge base.

    Moneydance 2019 includes en embedded browser (currently a beta feature) that makes downloading from the banks website much easier. We're also working on another feature (coming soon) that will remember how you download from the banks site and help to automate the manual import process.

    I hope this information is helpful. Please let me know if you have further questions or need any assistance.

    --
    Maddy, Infinite Kind Support

  3. System closed this discussion on 11 Dec, 2019 01:10 PM.

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