Synchronizing with Canadian banks

George Klein's Avatar

George Klein

11 Apr, 2009 02:35 AM

Your list of supported financial institutions for Moneydance 2007 doesn't include any Canadian bank.
I would like to know if the bank I work with, Bank of Montreal is included in Moneydance 2008.

  1. 1 Posted by Brian Adler on 13 Apr, 2009 01:35 PM

    Brian Adler's Avatar

    George, In general Canadian banks do not support ofx direct connections. The only exception to this that I am aware of is ING Direct Canada. We do have many Canadian users who simply download their transaction history from their bank's website and import the files into Moneydance.

  2. 2 Posted by CliffW on 17 Apr, 2009 05:10 PM

    CliffW's Avatar

    Both the Bank of Montreal (a large national Canadian bank) and my regional credit union use Microsoft Money, Quicken and .csv formats for download. I would expect you would find the same for others as well. Adding support for direct download within Moneydance instead of the multiple step process I have to use now would be a big help. Because of tighter regulation in Canada there are not a lot of different banks to support.; 5 to 10 is my guess on the number of banks in Canada-- Royal Bank of Canada, Bank of Montreal, Scotia Bank, Toronto Dominion Bank are the big ones in my area. It should be easy to check and install the Canadian banks in your support. We do have roughly the population of California (I think) and that could make MoneyDance even more appealing.

  3. 3 Posted by Brian Adler on 17 Apr, 2009 07:19 PM

    Brian Adler's Avatar

    George, You can import files of any of these 3 file types (MM,Quicken,.CSV) into Moneydance. It is not Moneydance who does not support direct connections with Canadian banks, it is Canadian banks (with the exception of ING Direct) who do not support direct connections for Moneydance (or MM and Quicken). They only make it possible to download files from their websites and import those files. Quicken does this import via an internal browser and so the import is more seamless as a final result.

    We want to do that for Moneydance also, but it is more difficult as Moneydance is a cross platform application (that works on many operating systems). We do intend to add an internal browser in the future that creates the same effect as Quicken (that a direct connection is being made), but the internal mechanics are the same. Both Quicken and Moneydance must import files from Canadian Bank's websites as direct connections to the bank's servers is not supported. Brian Moneydance Support

  4. Brian Adler closed this discussion on 17 Apr, 2009 07:19 PM.

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