BECU says no OFX. They don't offer QIF as a manual download. Is there a way I can use MD there?

Frederick Wamsley's Avatar

Frederick Wamsley

19 May, 2019 04:51 AM

BECU says
"Great question, @fergbrain! OFX is an old file format and is no longer supported by Quicken. Intuit is utilizing the QFX format in all their newest products and have phased out OFX. Since QFX file format is what the newer versions support, we've moved over to this updated file type. If you have further questions or concerns, please don't hesitate to call us and speak with a Technical Support Analyst for more information. You can reach us at 800-233-2328. Thanks! JohnS"
So they've "moved over" from OFX.

The Moneydance documentation and support forums say that it requires QIF. The only download options BECU offers are CSV and QFX.

In spite of this, BECU is listed in the list of supported financial institutions.

Those can't all be right.

If I get back into using Moneydance, will I have any option for avoiding manual data entry with my BECU checking account and credit card account?

  1. 1 Posted by dwg on 19 May, 2019 05:21 AM

    dwg's Avatar

    I'm a fellow user.

    What a pile of absolute rubbish.

    All QFX is is OFX with some specific Quicken extensions. The OFX specification allows for vendors to add specific extensions and provides a way to do it that has no impact on other vendors.

    Moneydance will quite happily process QFX files and can also import well formatted CSV files into Bank and credit card type accounts with its built in importer or with a user written extension.

    Quicken has used QFX for as long as I can recall, it is not new, and FWIW Intuit no longer own Quicken personal software and have not done so for quite some time, further shooting holes in their support's credibility.

    For some general information on QFX see:

    https://en.wikipedia.org/wiki/QFX_(file_format)

  2. 2 Posted by derekkent23 on 19 May, 2019 07:10 AM

    derekkent23's Avatar

    I am not support staff, just a user.

    As dwg states Moneydance does support QFX file import.
    See https://infinitekind.tenderapp.com/kb/online-banking-and-bill-pay/m...

    Hope this helps

  3. 3 Posted by Frederick Wamsl... on 19 May, 2019 03:26 PM

    Frederick Wamsley's Avatar

    derrekkent23, dwg, you both helped. Solidly informative relevant posts! Thank you, and I'll be buying a fresh MD license now.

  4. 4 Posted by derekkent23 on 19 May, 2019 03:36 PM

    derekkent23's Avatar

    I am not support staff, just a user.

    Try it out for yourself before you buy.

    Downloaded Moneydance from https://infinitekind.com/preview
    This version of Moneydance is a full working version with the only limit being a maximum of 100 manually entered transactions, with no time limit. Imported files from other financial programs and your bank have no limit on imports. If you decided to purchase you are sent a key by email that unlocks the 100-manual transaction limit. If after testing with this free trial version you purchase and change your mind see the 90 day money back guaranty at https://infinitekind.com/refunds
    For the future Moneydance never sunsets the version it releases. So, you don’t have to upgrade. If you won’t to upgrade the next version is free (say 2017 to 2019) and from then on you get a 50% discount. All upgrades within a version are free.

    For more information see https://infinitekind.tenderapp.com/kb

    Hope this helps

  5. 5 Posted by jrmoye on 19 May, 2019 03:49 PM

    jrmoye's Avatar

    I am a user.
    I also bank with BECU. When I first attempted to change to MD, I couldn't access my account when I selected any one of the 3 or 4 BECU choices. I finally changed my bank search to the full name, "Boeing Employee Credit Union" and had no problem accessing my accounts automatically.

  6. System closed this discussion on 18 Aug, 2019 03:50 PM.

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