Schwab not downloading to Moneydance as of 10.2.221

David L Greene's Avatar

David L Greene

03 Oct, 2021 12:45 AM

All of a sudden, it appears everything works, but no transactions download. I am running version 2021.1 (3069).

  1. 1 Posted by dtd on 03 Oct, 2021 12:55 AM

    dtd's Avatar

    just a user - agreed.

    Appears to have happened on 10/1 (since I got downloads on 9/30), although there are two reports of it happening earlier.

    For those checking their own downloads, you can either check your console, or note that there is no "zero transactions downloaded" between the Schwab account and the one following.

    My console now says "forbidden", with lots of other stuff.

  2. 2 Posted by David Greene on 03 Oct, 2021 12:57 AM

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      Assume this is a Schwab issue, yet again.  What is it with
    them???!!!   Unreal.

  3. 3 Posted by dtd on 03 Oct, 2021 12:57 AM

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    I've reported this to Sean Reilly, and he did wonder when Schwab would turn OFX specific access to Moneydance all off... so we will see what comes next.

  4. 4 Posted by dtd on 03 Oct, 2021 12:59 AM

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    Schwab (and some others) are deprecating OFX access to anyone but Quicken and some aggregators. It appears they gave Moneydance about 10 months grace (given Sean made Moneydance appear as if it were an aggregator), but this is "live on the news" right now, so we will see what happens next.

  5. 5 Posted by David Greene on 03 Oct, 2021 01:00 AM

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      Damn, I hope I don't have to go back to Quicken...awful, just awful
    company.  Plus, I don't want to go thru conversion again. Hopefully,
    Schwab will 'play ball' with Moneydance.

  6. 6 Posted by David Greene on 03 Oct, 2021 01:08 AM

    David Greene's Avatar

    Back to CSV Importer for the Checkbook part..  That is easy..  It is the
    portfolio issue that is just disconcerting.  I would switch
    banks/brokerage if I could, but too entrenched... this is very

  7. 7 Posted by dtd on 03 Oct, 2021 01:10 AM

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    just a user...

    It's going to be the other way around - i.e. Moneydance (the little guy) has to play ball with the big guys.

    Moneydance is working with an aggregator (MD tried to pick the most privacy player) to provide information going forward - the OFX continuing players will still work, but NCSECU and Schwab (and others) - we will need to use this compromise when it is available (it's in a preview - but wait - it's still beta, imo)

    Here's a message from Sean in the NCSECU thread:

    The part that Sean doesn't mention - and that will honestly, imo, be more of a pain to MD than the subscribers (us) is that there will need to be a subscription fee ($2/month for long term users) since MD has to pay Plaid for this. This will disturb the "Quicken is a subscription and MD is not bit"

    Still, this is a PREVIEW of what is coming, and I recommend unless you like to test things to wait and see.

  8. 8 Posted by David Greene on 03 Oct, 2021 01:16 AM

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      I don't mind the $2 as that is still cheaper than Intuit, but how
    long 'to wait'.  Longer one waits, the more of a pain it is.....  If we
    are talking a month, might as well pay darth vader....

  9. 9 Posted by David Greene on 03 Oct, 2021 01:18 AM

    David Greene's Avatar

      I looked. . Will cost over $70 a year with Quicken.  Plus, NO LINUX
    support.  Means I have to run the damn thing on a windows virtual

  10. 10 Posted by dtd on 03 Oct, 2021 01:30 AM

    dtd's Avatar

    Well, there is a preview already out (if you want to test it), which suggests it's not months away (maybe a month or so for full stability), and (here is a yay) - Schwab downloads up to 18 months of data, so you could catch up - AND I see that MD now can say (in the preview) "from what date do you want to download from".

    I do NOT use my live data to test, but I do test and see what others have tested.

    Oh, and another comment from Sean:
    (laments about Schwab maybe turning off OFX) "It (the replacement) is coming"

  11. 11 Posted by dwg on 03 Oct, 2021 01:32 AM

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    I'm a fellow user.

    The difference with subscriptions is that Quicken, and Reckon in Australia, is that with these products the subscription is for using the software at all.

    With Moneydance the subscription is only if you use Moneydance + i.e Plaid, if you don't use this feature there is no subscription so it it totally at the users discretion.

    The subscription looks to be based on a cost recovery model rather than a profit model.

  12. 12 Posted by dtd on 03 Oct, 2021 01:34 AM

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    @dwg - agreed - it's a necessity, not a charge for profit.

  13. 13 Posted by David Greene on 03 Oct, 2021 01:34 AM

    David Greene's Avatar

    That is good to know.  But since I am stupid enough (evidently) to use
    Schwab, this kind of crap is going to keep coming up and coming up.  I
    will sleep on it, but I may just 'pony up' and pay the devil (Intuit). 
    My time is worth something.

  14. 14 Posted by dtd on 03 Oct, 2021 01:45 AM

    dtd's Avatar

    I use Schwab as well, and had downloads on 9/30.

    Schwab seems (assumption) to have cut off MD on 10/1. Today is 10/2. MD had a preview out BEFORE 10/1 for their new solution. But, software has alphas and betas - this feels like a beta, but MD is definitely trying.

    So wait for a bit for the angel or pay for the devil. Your choice, as it should be.

    Oh, and as for "your time is worth something" - how much time to convert back to Quicken and to recreate that windows virtual machine? Just a thought. [I think the conversion back will be a bigger issue than a new virtual machine - I've been in this place before as well.]

  15. 15 Posted by David Greene on 03 Oct, 2021 01:16 PM

    David Greene's Avatar

    Actually the c s v extension takes care of checking account, just wished it
    worked with brokerage accounts, then all good.

  16. 16 Posted by dtd on 04 Oct, 2021 12:07 AM

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    csv and investment accounts are pretty much a non starter. I've asked Schwab (and USAA) for a manual OFX download but they don't seem interested.

  17. 17 Posted by David Greene on 04 Oct, 2021 02:05 AM

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    Given my hatred for Quicken coupled with some of the difficulties in the
    way MD books various broker transactions, I may just use MD for checkbook
    (using CSV) and just use my existing Personal Capital for net worth and
    reviewing portfolio Perhaps, someday in the not too distant future, MD
    will start working with Schwab. This is second year in a row, that the
    first time that I knew MD would not work with Schwab was WHEN IT STOPPED
    WORKING. That is just not acceptable, at all!!!!!!!!!!

  18. 18 Posted by dtd on 04 Oct, 2021 02:10 AM

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    MD didn't stop working with Schwab, Schwab stopped working with Moneydance.

    So, yes, not acceptable, but blame the one who "stopped it working, and didn't inform anyone".

  19. 19 Posted by dick on 04 Oct, 2021 05:35 PM

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    This is from the program I use to follow my investments:

    Charles Schwab now uses an "FDX" server instead of the older "OFX" technology. Once set up, retrieving transactions/prices/balances works just as it did before with the OFX technology. Like the OFX technology all your data is transmitted securely (HTTPS), and Fund Manager only has read access to your transactions/prices/balances. Benefits of the FDX server are that your login credentials and account numbers are never shared with Fund Manager.


  20. 20 Posted by David Greene on 04 Oct, 2021 05:46 PM

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    Is that something I can setup or is this an MD software change?

  21. 21 Posted by dick on 04 Oct, 2021 06:06 PM

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    I believe it is something that MD would have to do.

  22. 22 Posted by dtd on 04 Oct, 2021 06:33 PM

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    This is the most comprehensive response I've seen from Sean Reilly. Note that it applies to anyone who moves away from OFX, not just NCSECU or Schwab.

    Bottom line - yes MD has to set this up, and reluctantly chose Plaid as an aggregator. Reluctantly because it does compromise your security/privacy. Note in the Schwab message:
    Fund Manager only has read access to your transactions/prices/balances.
    Umm - to me that's a lot! That is still information that can be bundled and sold.

    Finally, MD is setting it up, and in fact has released a preview (4045 at the moment) that users are testing. If you're one who doesn't mind testing and breaking things and reporting - try it out ON A TEST SYSTEM. This is quite beta, and some were surprised because previews had tended to be bug fixes - but this is a state change, and some things are not working well yet.

  23. 23 Posted by dtd on 04 Oct, 2021 06:36 PM

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    But, yes, MD is working fervently to get this out to users as the first 2022 release. MD had hoped that the banks mentioned would keep their OFX servers going "just a bit longer"...

  24. System closed this discussion on 03 Jan, 2022 06:40 PM.

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