Need guidnance setting this up

Doug Hadley's Avatar

Doug Hadley

06 Nov, 2020 07:40 PM

I just purchased MoneyDance mainly as a way to centralize my home finances and budget. I thought I would be able to this up so that my bank accounts would synch with MoneyDance. However, the instructions to do so are quite vague AND neither of my main banks are listed.

Having already tried doing this with Quicken in the past, I was hoping MoneyDance would have this more dialed in.

  1. 1 Posted by Stuart Beesley ... on 06 Nov, 2020 07:45 PM

    Stuart Beesley - JUST A FELLOW USER's Avatar

    What country are you in? If the UK, sorry but I think you are out of luck - UK Banks don’t support the method that USA Banks and MD accepts…..

    (A fellow user)

  2. 2 Posted by dwg on 06 Nov, 2020 08:19 PM

    dwg's Avatar

    I'm a fellow user.

    To have automatic downloads the banks need to facilitate this by having the appropriate infrastructure in place and to offer this service to their customers. Yes there are ways around this but to date all of them involve giving up your Internet Banking username/passwords to third parties thus creating major security and privacy issues.

    The Moneydance folks will not compromise on security and privacy.

    You can list the details of your banks and the support staff can investigate if they do provide the required services.

    That alternative is what most of us in the world have available to us and that is download transaction files from the Bank's Internet Banking site and import these into Moneydance. Moneydance supports all the major formats including OFX and QIF and with structured CSV files these can even be imported into bank and credit card types of accounts.

  3. 3 Posted by douglas hadley on 06 Nov, 2020 09:52 PM

    douglas hadley's Avatar

    Thanks for the reply. I'll try to set up the import pathway.

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