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Derrick Gillett's Avatar

Derrick Gillett

05 Sep, 2019 02:22 AM

How do I allow Money dance to interact and download transactions from my ANZ Bank?

  1. 1 Posted by Derrick Gillett on 05 Sep, 2019 02:25 AM

    Derrick Gillett's Avatar

    I was persuaded by your advertising to use MoneyDance as a replacement for my Quicken (2014) on the basis that it could interact with my bank (ANZ Bank Australia).
    How can I get this to work?

  2. 2 Posted by derekkent23 on 05 Sep, 2019 06:57 AM

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  3. 3 Posted by dwg on 05 Sep, 2019 08:58 AM

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    I'm fellow user.

    There are very few protocols available that facilitate the automated download of transactions, the main open protocol is Direct Connect, but this seems to have only been implemented by some U.S. institutions, a Consortium in the U.S. developed the protocol. the Web Connect family is available from some institutions in the U.S. and Canada but this is a proprietary Quicken protocol.

    Some banks in Australia have implemented mobile banking from smartphone apps but these are all proprietary solutions owned by the banks.

    The banks here generally only make the data available for manual download from their Internet banking websites, for example ANZ has instructions at:

    https://www.anz.com/internet-banking/help/accounts/transactions/download/

    QIF files are generally the best format here as OFX (the best format for this purpose) is rarely available. CSV files can often be imported into Bank and Credit card type accounts.

    In the long run the Open Banking initiative may give access to personal finance applications, however so far the experience in the UK, which is probably the most advanced along this path, is not positive with access only available down to the level of the data aggregators, but I cannot see Moneydance using these because of security concerns.

  4. 4 Posted by Derrick Gillett on 06 Sep, 2019 02:59 AM

    Derrick Gillett's Avatar

    Thank you do much for your consideration. It is most appreciated
    Derrick
        On Thursday, 5 September 2019, 06:17:21 pm AEST, derekkent23 <[email blocked]> wrote:

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  5. 5 Posted by Derrick Gillett on 06 Sep, 2019 03:36 AM

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    Oh, thank you so much for your considerate reply.
    Think I can the hang of it now.
    It is most appreciated.
    Regards
    Derrick
        On Thursday, 5 September 2019, 06:59:00 pm AEST, dwg <[email blocked]> wrote:

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  6. Support Staff 6 Posted by Maddy on 06 Sep, 2019 12:16 PM

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    Hi Derrick,

    I can see you’ve received a reply from some of our knowledgeable Moneydance customers.
    To add to this useful information I thought it is worth mentioning that Moneydance only supports automatic downloads using Direct Connect, and unfortunately ANZ Bank Australia don't support this connection method. If they begin to support Direct Connect at any point, we'd be happy to establish a connection with them.

    ANZ Bank Australia may use other connection methods that Moneydance does not support.
    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

  7. System closed this discussion on 06 Dec, 2019 12:20 PM.

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