New Banks needed

Joel Henning's Avatar

Joel Henning

15 Feb, 2016 09:44 PM

Astoria Bank
Hiawatha Bank
Harvard University Employees Credit Union

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  1. Archive - How can I enable 'Direct Connect' access?

    This is an archived document. Please refer to the more recent knowledge base articles on this page

    Many financial institutions will require you to enable your accounts for application-based online banking.You can accomplish this by asking your bank to set up your account for 'Direct Connect' from Quicken.

    Moneydance uses exactly the same OFX server connection protocol for Direct Connect as Quicken...

    See more..
  1. 1 Posted by David Hanley on 15 Feb, 2016 10:35 PM

    David Hanley's Avatar

    Hi Joel,

    Unfortunately, it doesn't appear that either Astoria Bank, Hiawatha Bank, or the Harvard University Credit Union supports direct OFX connections, which Moneydance (and other financial software) requires in order to talk directly to a bank.  The best way to get your transactions into Moneydance is to use a web browser to download them from your bank's web site.  You can download into QFX, QIF, OFX or OFC files (sometimes referred to as Quicken or MS Money files), any of which will import cleanly into Moneydance.   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.

    If your bank begins to support direct OFX connections in the future, we will be happy to work with them.

    Please let me know if I can be of further assistance, and thank you for your interest in Moneydance.

    David Hanley
    Infinite Kind Support

  2. 2 Posted by Joel Henning on 16 Feb, 2016 12:46 AM

    Joel Henning's Avatar

    Why is it that I was able to download the Harvard Credit Union and Astoria into Quicken ?

    Sent from my iPhone

  3. 3 Posted by David Hanley on 16 Feb, 2016 12:53 AM

    David Hanley's Avatar

    Joel,

    There are two methods that personal finance software can use to access your accounts: direct connect and web connect. With web connect, the software basically connects to your bank's website and downloads and imports OFX, QFX, QIF, and OFC files automatically. Direct connect actually connects to a server at your bank instead of their website and usually requires different login credentials than you would use to log into your banks website. From a user's perspective, these two connections look basically identical. Moneydance only supports automatic connections through direct connect and not web connect. Your banks are likely using web connect with Quicken.

    Please let me know if I can be of further assistance!

    David Hanley
    Infinite Kind Support

  4. System closed this discussion on 17 May, 2016 01:00 AM.

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