Australian Banks

Ian Cowden's Avatar

Ian Cowden

16 Feb, 2022 04:11 AM

I currently use Money Manager from Budget Direct but they are stopping support next month. Money Manager uses direct connect to Westpac and ING banks to download on a regular basis, so it would be nice if you could get this as well.

  1. 1 Posted by dwg on 16 Feb, 2022 05:54 AM

    dwg's Avatar

    I'm a fellow user.

    As far as I am aware no Australian bank supports Direct Connect, the major Personal Finance software in Australia - Reckon - also does not support Direct Connect.

    Westpac does have some direct links to accounting software but not personal finance software.

    Looking at the limited information Budget Direct provides I found this:

    "A connection is a link between your financial institutions and us through our provider."

    Direct Connect, as the name indicates, does not need a provider, A providers normally indicated the presence of an Aggregator. I suspect they may use someone like Yodlee.

    The optional Moneydance+ service does make use of an aggregator, Plaid in this case, but although they have an agreement with an Australian company licensed for Open Banking they currently do not support Australia.

    Moneydance will not use aggregators like Yodlee due to their data policies.

  2. System closed this discussion on 18 May, 2022 06:00 AM.

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