Charles Schwab not downloading again starting September 30

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14 Oct, 2021 02:43 PM

After Moneydance created the work around to download the transactions from Charles Schwab things worked fine until September 30th. No downloads since then for me.


  1. 1 Posted by dtd on 14 Oct, 2021 08:56 PM

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    just a user

    On Oct 1, Schwab shut down interactions with the proxy server that Sean (MD) set up late last year.

    It does not appear that Schwab will reinstate it, although Sean has asked for an extension. There are multiple threads discussing this.

    It appears the only alternative will be to upgrade MD to 2022(4055+), then use Moneydance+ to connect to Schwab. This is brand new, and will also cost $2/month to access. Only Schwab bank accounts work at the moment, investment accounts are yet to be activated. Again, you can read all about it, but that's the cliff notes version.

  2. 2 Posted by roy on 14 Oct, 2021 11:54 PM

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    Thanks for getting back. I am only aware of the threads other than those
    from last year. I called Schwab to complain and they said that Moneydance
    has not applied for API access as a retail account aggregator. (I doubt

    My frustration is that my Etrade and Ameritrade accounts still have access
    so wonder why Schwab is creating a problem.

    I don't mind the $2 a month but do not use Schwab bank. Only their brokerage

    And it irritates me that other software like Quicken and HR Block can get
    access. Something is wrong here and I don't think it is at Moneydance ....


  3. 3 Posted by dtd on 15 Oct, 2021 12:03 AM

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    Moneydance did apply for API access, but Schwab turned them down since MD does not have a United States presence.

    Schwab is creating a problem because they want to consolidate who they "talk to". Unfortunately, their clients are not in that subset, as they don't provide OFX downloads to their clients who sign in to their own accounts.

    I am also waiting for MD to get investment account access for Schwab within MD+ before I sign up.

    As for other software, well, the "bigger guys" both have US presence, and the ear of financial companies.

  4. 4 Posted by roy on 15 Oct, 2021 08:41 PM

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    I tried to import a csv file with the transactions since the first that I got from schwab but the posssible field selection choices in moneydance import function don't work. Any indeas?

  5. 5 Posted by dtd on 15 Oct, 2021 09:11 PM

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    if you are getting a csv to import to an investment account, it simply doesn't work properly.

    someone posted about a csv-ofx package, but otherwise, the csv path doesn't work.

  6. 6 Posted by roy on 16 Oct, 2021 08:48 PM

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    dtd thank you! Appreciate your knowledge and understanding.

    I downloaded a csv to ofx converter called Propersoft Transactions. Tested the free limited version for transactions so far this month and it worked Great! Got the information in the same way the download function use to. More than a mouse click and password like when t was all working but much easier than entering all of transactions manually.

    I am not against upgrading to the new subscription version of Moneydance but will wait until it can get my investment transactions to work with it. I do not use Schwab bank..

    And maybe then the information will come in so I don't have to change the actions etc.


  7. 7 Posted by roy on 20 Oct, 2021 02:27 PM

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    For the time being I figured out I can have Schwab email notifications of all trades so I can at least know when to do a manual update via CSV download. Saves wasting time going to the sight and navigating to the history every day.

    Unfortunately they do not offer the same service for other transactions that effect the cash in the account like dividends etc. But at least this helps keep the securities more up to date. The agent I spoke with said they are working on adding that functionality in the future?

    But I would rather they work on allowing Moneydance to connect like they Still Allow Quicken (I wonder if someone is trying to block the competition somehow?)


  8. System closed this discussion on 19 Jan, 2022 02:30 PM.

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