How to download Transactions from Bank

Randy Evered's Avatar

Randy Evered

24 Nov, 2019 11:37 PM

How do you setup the downloading of transactions from my banks:

Wells Fargo
CapitalOne [360] Online Banking
Ent Credit Union

Thank you,
Randy

  1. Support Staff 1 Posted by Maddy on 25 Nov, 2019 10:43 AM

    Maddy's Avatar

    Hi Randy,
    Thank you for contacting Moneydance support.

    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.

    Wells Fargo is listed, so 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.

    In order to enable Moneydance to connect to your Wells Fargo accounts, you'll need to follow this link: https://wellsfargo.com/fmssetup

    Once you login, there is a process in which Wells Fargo sends a message to your phone. Entering that message into the form on the Wells Fargo site will confirm your identity and enable Moneydance to connect.

    You should then attempt to download your Wells Fargo accounts using Moneydance within 10 minutes. Once the first connection is made, you should then be able to download from your Wells Fargo accounts at any time in the future without having to repeat this process.


    Finally, although CapitalOne [360] and Ent Credit Union don't support this connection method, 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.

    These banks use other connection methods that Moneydance does not support, called Web Connect and Express Web Connect.

    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.

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

    --
    Maddy, Infinite Kind Support

  2. System closed this discussion on 24 Feb, 2020 10:50 AM.

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