tag:infinitekind.tenderapp.com,2009-01-14:/discussions/online-banking/1365-bank-of-americaInfinite Kind: Discussion 2023-07-22T03:29:17Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/383775182015-11-04T16:36:15Z2015-11-04T16:36:15ZBank of America<div><p>Hi Mark,</p>
<p>This is a recent change. Unfortunately, Bank of America is
discontinuing support for direct OFX connections, which Moneydance
(and other financial software) requires in order to talk directly
to a bank. Bank of America also charged $9.95/month for each
account that you chose to enable direct connect access to. The best
way to get your transactions into Moneydance is to use a web
browser to download them from your bank's web site. You can
download into QFX, QIF, OFX or OFC files (sometimes referred to as
Quicken or MS Money files), any of which will import cleanly into
Moneydance. You can also open your bank's download page
directly (after entering the appropriate address in the
Account->Edit Account menu) by going to the menu bar and
selecting Online->Open Account Website.</p>
<p>If your bank begins to support direct OFX connections in the
future, we will be happy to work with them.</p>
<p>Please let me know if I can be of further assistance, and thank
you for your interest in Moneydance.</p>
<p>David Hanley<br>
Infinite Kind Support</p></div>David Hanleytag:infinitekind.tenderapp.com,2009-01-14:Comment/383775182015-11-04T16:53:40Z2015-11-04T16:53:40ZBank of America<div><p>Thanx for the quick reply. Out of curiosity, does that mean
Quicken will no longer be able to do online bill paying either?</p>
<ul>
<li>Mark</li>
</ul></div>marktag:infinitekind.tenderapp.com,2009-01-14:Comment/383775182015-11-04T17:01:59Z2015-11-04T17:01:59ZBank of America<div><p>It's likely that Quicken will retain billpay, they also use
another protocol with BoA called web connect. There are two methods
that personal finance software can use to access your accounts:
direct connect and web connect. With web connect, the software
basically connects to your bank's website and downloads and imports
OFX, QFX, QIF, and OFC files automatically. Direct connect actually
connects to a server at your bank instead of their website and
usually requires different login credentials than you would use to
log into your banks website. From a user's perspective, these two
connections look basically identical. Moneydance only supports
automatic connections through direct connect and not web
connect.</p>
<p>We are working on an alternative to web connect, but I
unfortunately cannot give a timeline to completion.</p>
<p>Please let me know if I can be of further assistance!</p>
<p>David Hanley<br>
Infinite Kind Support</p></div>David Hanleytag:infinitekind.tenderapp.com,2009-01-14:Comment/383775182015-11-04T17:10:34Z2015-11-04T17:10:34ZBank of America<div><p>Thanx, that’s very helpful.</p></div>marktag:infinitekind.tenderapp.com,2009-01-14:Comment/383775182015-11-04T21:43:33Z2015-11-04T21:43:33ZBank of America<div><p>Hi Mark,</p>
<p>We're happy to help! Please let us know if we can be of further
assistance!</p>
<p>Scott Meehan<br>
Infinite Kind Support</p></div>Scott Meehan