Download from Peoples Independent Bank (USA)

marcus711's Avatar

marcus711

19 Jun, 2009 07:24 AM

It's a small bank.. And as previous Quicken user, I am confident that they allow Direct Connect into my accounts.

If you could add them, I plan on going in and talking to them tomorrow to email Moneydance.

Thanks a lot..

Literally the only reason i'm jumping ship is because of the Currency Exchange abilities. I'm have Bank of Montreal Accounts, I know that I cannot use direct connect.. But quicken would not allow me to consolidate that account with it's different currency, so I am very thankful.

If this goes well with the Peoples Independent Bank, I'll purchase this software, Guaranteed.

Side note.

I use my Premier PayPal account quiet often, and this was something that I rather liked quicken for, as I could direct connect to my Paypal Account. Is this possible? Or will it be possible soon.. I'm sure there are other paypal user's on this website.

  1. 1 Posted by Brian Adler on 21 Jun, 2009 03:10 AM

    Brian Adler's Avatar

    Marcus,

    We were unable to verify that People's Independent Bank does support Direct Connect. Can you verify with your bank representative that they have "OFX server support for direct connections with 3rd party software?" According to Intuit's website, they only allow for web connections (in which the transaction history is downloaded from your bank's website).

    Sincerely,

    Brian Adler

    ps.

    Pay Pal only supports "Web Connect". Web Connect is a process whereby the data is downloaded from the institution's website (rather than directly from the bank's servers).

    Quicken does this internally, but the process is essentially the same. In both the case with Pay Pal and PIB you can download a transaction history file from their websites and import them into Moneydance. Many users of Moneydance have banks without support for direct connections and update their transactions histories by this method.

  2. 2 Posted by marcus711 on 21 Jun, 2009 06:09 AM

    marcus711's Avatar

    Brian Adler,

    Yeah sorry, That's my bad, I said Direct connect, where I meant Web Connect.

    Does Moneydance automatically update the transactions like how Quicken does?

  3. 3 Posted by Brian Adler on 21 Jun, 2009 06:13 AM

    Brian Adler's Avatar

    Marcus,

    Moneydance does not have an internal browser for Web Connect. So it is necessary to manually import your transactions from PIB's website. Moneydance does do true Direct Connect where possible but the download does not occur automatically. It must be initiated by the user. In our upcoming MD 2010, this will occur automatically at the users discretion.

    Sincerely,

    Brian Adler

  4. Raimund Buchholz closed this discussion on 17 Dec, 2009 01:22 AM.

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