Setting up Online banking download for various accounts
How to I enable online banking if I'm using Moneydance with several accounts? One account is linked to bank of america but the two other accounts when I pull down the online button at the top only offers the download all accounts. ????
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1 Posted by frederick Schal... on 02 Aug, 2012 01:03 AM
I put in my account information and signed up for the bank with correct numbers on the online section but nothing downloaded. ??? Also encripted, etc.
2 Posted by james f on 02 Aug, 2012 12:57 PM
Here are some links that might be of some help.
http://help.infinitekind.com/kb/frequently-asked-questions-2/enabli...
http://help.infinitekind.com/kb/frequently-asked-questions-2/settin...
Go into each individual account that you created in Moneydance and you ought to see an option: Account > Edit Account. Be sure account numbers and routing numbers are all correct.
While in each individual account that you created in Moneydance, select Online > Set Up Online Banking.
While in each individual account that you created in Moneydance, select Online > Download ZZZZZZ Transactions
3 Posted by F Schaller on 02 Aug, 2012 02:47 PM
Ok. Now my problem is I'm only getting ATM data from bank of america. How do I get checking info in the down load from the bank?
4 Posted by gregsch on 02 Aug, 2012 03:00 PM
Ok.
I've done all this stuff. But I'm only getting ATM data down loads but not checking.
What's next?
5 Posted by Jon Hoover on 02 Aug, 2012 03:26 PM
Hi,
When you download data from your bank Moneydance in time will start to guess what categories your different transactions should be coded as. But when you first start doing it, it does not know what categories to pick, so it will automatically assign the category that is at the top of the list of categories, usually 'ATM Withdrawal'. Could it be possible that this is what is happening, and that you are in fact getting all your data? If you look under the 'description' box it will usually say the merchants name and this will also tell you if things are downloading correctly.
Sincerely,
Jon Hoover, Moneydance Support
6 Posted by james f on 02 Aug, 2012 03:58 PM
And, as a suggestion:
Do not rely solely upon downloading of transactions.
I suggest that you use Moneydance as you would a paper check register. Manually register transacations in the account ledger, choosing the category that best fits the transaction. Then, when Moneydance downloads transactions from your financial institution, the Merge process will suggest (under Merge Choices) the appropriate transaction for the download to Merge with.
See attached screenshots for details.
7 Posted by Angie Rauscher on 02 Aug, 2012 07:44 PM
James's advice is solid, and is exactly how I use Moneydance. While it's possible to only download transactions, I would suggest entering your spending manually as it happens, then matching/merging the transactions as they are downloaded. This is especially useful because there is often a 24-48 hour delay between a transaction happening and it being posted to BoA's server, so your account information may not be up to date if you're only downloading and not entering manually.
Good luck with your downloads, and please let me know if I can be of further assistance,
Angie Rauscher
Moneydance Support
8 Posted by gregsch on 02 Aug, 2012 09:40 PM
How much back data would I expect to get from BOA. Can I expect to start from 1/1/12 or do they only down load like a month back????
Greg
9 Posted by Angie Rauscher on 03 Aug, 2012 12:36 AM
Greg,
Most banks only offer 30-90 days for direct download, but I believe that BoA may offer a larger date range. You can also download files from their website (QFX, OFX, OFC, or QIF) and importing them into Moneydance- they generally offer a larger range of data there.
Best of luck with your downloads, and please let me know if I can be of further assistance,
Angie Rauscher
Moneydance Support
10 Posted by gregsch on 03 Aug, 2012 04:06 AM
can you break down for me how to download off BOA website?
A step by step would be helpful.
Greg
11 Posted by james f on 03 Aug, 2012 11:33 AM
12 Posted by Angie Rauscher on 03 Aug, 2012 08:25 PM
Greg,
Well James did my job for me in this case- he's even more comprehensive than I would likely have been. If you have any other questions don't hesitate to ask, and good luck with BoA. I may be able to dig up some old instructions on downloading from their website if you have trouble (I'm a former account holder there.) Thanks for using Moneydance, and please let me know if I can be of further assistance,
Angie Rauscher
Moneydance Support
13 Posted by gregsch on 04 Aug, 2012 03:13 AM
Thank and .
Please express my thanks to your team. I'm overwhelmed with the support I'm getting. I was ready to give up and just buy quicken and then bam the support came rolling in. I'll work on all the suggestions on Sunday.
Hopefully it will work.
THanks again.
Dr. Greg
14 Posted by Scott Meehan on 04 Aug, 2012 12:56 PM
Hi Greg,
Glad that we were able to help! And, of course, many thanks to James F, as always, for his wonderfully detailed instructions.
Let us know how things go and if we can be of any further assistance!
Scott Meehan
Moneydance Support
15 Posted by james f on 04 Aug, 2012 01:25 PM
Scott,
Thanks for the wonderful compliment.
Jon Hoover closed this discussion on 05 Aug, 2012 01:06 PM.