tag:infinitekind.tenderapp.com,2009-01-14:/discussions/online-banking/2320-canadian-banksInfinite Kind: Discussion 2023-05-10T18:38:28Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/391735322016-02-15T16:17:51Z2016-02-15T16:17:51ZCanadian banks<div><p>Hi Douglas,</p>
<p>You can view a list of our supported financial institutions here
- <a href="http://infinitekind.com/fi">http://infinitekind.com/fi</a></p>
<p>If your bank is on the list, this means they support direct OFX
connections. You can setup online banking with these banks within
Online --> Set Up Online Banking. Then select 'New Connection'
and choose your financial institution from the list.</p>
<p>If your bank is not listed, then unforuntately they don't
support direct OFX connections, which Moneydance (and other
financial software) requires in order to talk directly to a
bank.</p>
<p>The best way to get your files into Moneydance is to use a web
browser to download them from your bank's web site. You can
download into QFX, OFX or OFC files (aka Quicken or MS Money
files), any of which will import cleanly into Moneydance.</p>
<p>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, which makes the download process easier.</p>
<p>I hope this information is helpful, please let me know if I can
be of further assistance.</p>
<p>Jenny<br>
Infinite Kind Support</p></div>Jennytag:infinitekind.tenderapp.com,2009-01-14:Comment/391735322016-02-22T18:44:56Z2016-02-22T18:44:57ZCanadian banks<div><p>Yes. let's see some action on this. The Royal bank of Canada
uses .qfx files, and there's no problem downloading them to a
browser and importing them to Moneydance. Have they been contacted
to be added to your list? Or are they resisting because they want
everyone to keep using Quicken?</p></div>Pat Devlintag:infinitekind.tenderapp.com,2009-01-14:Comment/391735322016-02-22T19:30:17Z2016-02-22T19:30:17ZCanadian banks<div><p>It is not just a matter of adding the banks to the list.</p>
<p>The bank would have to install the infrastructure to support
Direct Connection, this means servers that support the OFX
communications protocol, authentication mechanisms and data feeds
from their main systems, not a trivial task and not an inexpensive
one either.</p>
<p>The banks are unlikely to do this because Infinite Kind - a very
small company - asks them to, they are more likely to if a
significant proportion of their customer base demands it. In the
U.S. Quicken, really Intuit, has the size and market position to
force the issue for many banks, but still only a subset of all
financial institutions there offer this.</p></div>dwg