Plaid update frequency

Mike's Avatar


28 Nov, 2022 09:54 PM

Plaid sync with MD seems to be usually a week or more behind when the transactions actually hit my bank. Is this the expected timeframe? MD+'s usefulness significantly degraded if so...


  1. 1 Posted by dtd on 28 Nov, 2022 11:43 PM

    dtd's Avatar

    just a user - I tend to find the delay to be about 2-5 days, except during periods like holidays (we just had four days) - when it can be up to a week.

    I fault the banks who dropped OFX downloads with no informing of their customers. It's even worse for those who used BillPay - they were just left out to dry and probably some didn't even get their bills paid and were dunned for it.

    So, yes, MD+/Plaid is not as good as OFX, and that's the way the banks appear to want it to be. If OFX is still working for me, I stick with OFX, and reluctantly move to MD+ when a bank drops OFX without informing me. (I have yet to hear of a bank telling their customers this change is coming)

  2. 2 Posted by dtd on 28 Nov, 2022 11:45 PM

    dtd's Avatar

    just a user - one suggestion if 2-5 days (or 7, as you assert for your bank) is insufficient, you may have a bank that allows you to download OFX/QFX files by hand and upload them to Moneydance. Not optimal either, but a process can be set up by you to make it more or less a mechanical thing.

    I did that for a few banks without OFX before MD+ existed

  3. 3 Posted by Mike on 29 Nov, 2022 01:38 AM

    Mike's Avatar

    I played around with Mint for a while a few years back and it seemed to be fairly quick - for some reason I thought the underlying tech was the same as Plaid. I don't think any of my banks support QFX/OFX. Thanks for sharing your experience.

  4. 4 Posted by Stuart Beesley ... on 29 Nov, 2022 07:42 AM

    Stuart Beesley (Mr Toolbox)'s Avatar

    Bank dependant.
    In the U.K. with Open Banking the txns all always appear by next day.

  5. System closed this discussion on 28 Feb, 2023 07:50 AM.

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