Which banks in Australia allow online banking?

David's Avatar

David

27 May, 2021 10:09 AM

Which banks in Australia allow online banking?

  1. Support Staff 1 Posted by Maddy on 27 May, 2021 10:46 AM

    Maddy's Avatar

    Hi David,
    Thank you for contacting Moneydance support.

    Currently, Moneydance only supports automatic downloads using Direct Connect and unfortunately Australian banks don't currently support this connection method.

    By only using Direct Connect, we can guarantee that your username, password and financial data only ever exists with your bank or on your own personal computer, and at no point are your details stored on another server.

    You can read more about why we only support this connection type in our blog and also in this article.

    Some banks have recently begun using a service called 'Open Banking', and we are actively looking into adding connectivity to Moneydance. Unfortunately it is not reachable by Moneydance right now because it require a third party service to connect to the bank. We're going to wait until Open Banking allows connections directly from the software running on our customer's devices.

    We fiercely believe that your financial information should be secure and only accessible to yourself, your financial institution, and anyone with whom you explicitly choose to share it.

    Without Direct Connect, you are still able to easily import your data into the program. The best way to get your transactions into Moneydance is to use a web browser to download files from your bank's web site.
    We'd recommend you use the OFX or QFX file format if either of these are available. If not, use the QIF file format. You can find the steps for manually importing your data in this article.

    You can download the trial version of Moneydance from our website on this page.

    The trial version is fully functional and allows you to manually enter 100 transactions. Imported transactions are not limited, so you'll be able to fully test downloading data from your bank, and importing data from other personal finance software.
    If you decide to purchase the program at a later date you can keep all data you have entered during the trial period.

    I hope this information is helpful. Please let us know if you have further questions or need more assistance.

    --
    Maddy, Infinite Kind Support

  2. 2 Posted by dwg on 27 May, 2021 10:55 AM

    dwg's Avatar

    I'm a fellow user.

    I assume you are referring to Direct Connect for the automatic download of transactions.

    As far as I know no Australian bank support this. Certainly the four majors support downloading of transaction files in OFX and/or QIF format from their Internet Banking sites.

    Direct connect is really confined to a subset of US Institutions which is where Direct Connect was developed by a consortium of Financial institutions and software vendors.

  3. System closed this discussion on 26 Aug, 2021 11:00 AM.

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