tag:infinitekind.tenderapp.com,2009-01-14:/discussions/financial-institution-direct-connection-support-requests/310-add-a-bankInfinite Kind: Discussion 2015-03-31T16:06:46Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/40547172010-12-01T15:05:53Z2010-12-01T15:05:53ZAdd a bank<div><p>Karl,<br>
Unfortunately, it doesn't appear that your bank 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,
OFX or OFC files (aka Quicken or MS Money files), any of which will
import cleanly into Moneydance.<br></p>
<p>If your bank begins to support direct OFX connections in the
future, we will be happy to work with them.</p>
<p>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. Moneydance only
supports automatic connections through direct connect and not web
connect. You can still download OFX, QFX, QIF, and OFC files files
from your bank and import them, but there's currently no way to do
this automatically from within Moneydance.</p>
<p>We are looking into the possibility of offering web connect but
there are several obstacles for us at the moment. Since in web
connect the program is interfacing with the banks web interface
each different web connection with a bank will be different.
Moreover, if a bank changes their interface then we may have to
totally restructure that banks web connect process. Its all a bit
of a daunting process, especially determining a method that meets
our high standards of quality and security but we are definitely
looking into our options. We will keep the Moneydance community
updated about new developments in web connect for Moneydance.</p>
<p>Sincerely,<br>
Jon Hoover, Moneydance Support</p></div>Jon Hoover