Moving to MD+ from OFX

buffo's Avatar

buffo

14 Jan, 2025 06:19 PM

I just decided today to switch my Vanguard IRA account from using OFX (Direct Connect) to MD+ (Plaid). It went very smoothly for me. (fingers crossed)
* First- with my Vanguard account selected ->"Set up Online Banking" -> click the "Disable" for the OFX connection.
* Next-with my Vanguard account selected -> "Set up MoneyDance+"->pick "Accounts" tab-> click "Connect More Accounts" button
and follow prompts to select a financial institution and logon to Vanguard.com. For me my same web site userid and Password worked as expected. I was then prompted to approve access to the SEP IRA account.
*Next- back in MD -> Clicked the "Refresh" button and my Vanguard account appeared and I matched it to the proper MD account.
* Close out of the MD+ dialogue
* with the Vanguard account selected within MD, using Menu -> Download Vanguard acct tranactions (ctrl-D for win users).
* I was asked for a starting date for first download and my best choice was Dec 1 2024
* Next I had to match up securities from the download to my MD securities used in MD
At this point I did have some duplicates since I had already downloaded transactions up to 12/18/2024. I deleted the duplicates.
Next I noticed that I had "extra" MiscInc transactions. I deleted all of those and my Vanguard account now reconciles!
If I have any more issues that appear to be caused by the switch over I will post them here. If I need to clarify andy of my steps, please ask.

  1. 1 Posted by dtd on 15 Jan, 2025 06:19 AM

    dtd's Avatar

    looks good. Only comment, when you deleted the duplicates, did you delete the OFX duplicates or the MD+ duplicates?

    If MD+, you MAY get them again, depending on if the Sync date doesn't get updated to like Jan x.... if it does, then it won't visit the MD+ downloads again. Basically just keep an eye on if for a couple days.

  2. 2 Posted by buffo on 15 Jan, 2025 01:57 PM

    buffo's Avatar

    My best guess now is that I deleted the MD+ transactions duplicates. I did another download today and nothing changed. I only had 3 dups and if I get anything more I will post that.
    I am still hoping that OFX comes back.

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