tag:infinitekind.tenderapp.com,2009-01-14:/discussions/problems/73146-unable-to-download-transactions-from-schwabInfinite Kind: Discussion 2022-05-30T22:24:55Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-10-15T01:44:01Z2021-10-15T01:44:01ZUnable to Download Transactions From Schwab<div><p>I think people may need to wait for the dust to settle a little and with Schwab in particular. The sense I have is that Schwab are moving towards using FDX.</p>
<p>My reading of FDX is that is works somewhat like Open banking in that a token is provided that allows the transaction information to be downloaded by or through the intermediate (aggregator) you have selected. They do not have your username/password combination at any time.</p>
<p>Naturally you can rescind this approval at any time.</p>
<p>This approach removes the barrier of having to provide usernames/passwords to third parties which is the largest security problem.</p></div>dwgtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-10-15T11:19:59Z2021-10-15T11:19:59ZUnable to Download Transactions From Schwab<div><p>Thank you dwg for that insight into FDX. I agree with you - patience is warranted as the financial industry continues to evolve its methods and security related to data sharing. Since I have a work-around for importing Schwab data into MD (see above), I will see what happens in the coming months.</p></div>johnsonwtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-10-27T13:40:35Z2021-10-27T13:40:35ZUnable to Download Transactions From Schwab<div><p>My Schwab downloads through Schwab is working with one problem. Schwab downloads only the completed transactions but gives the balance based on both completed and pending transactions. So reconciles don't reconcile.</p>
<p>Is there some option that I should be setting?</p></div>andrea_ktag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-04T22:30:33Z2021-11-04T22:30:35ZUnable to Download Transactions From Schwab<div><p>Are the Schwab downloads working with 2 factor authentication? I had to use the 2FA token code to connect through Moneydance+, and then it failed downloads but told me it was due to 2FA, which I am not willing to turn off. I cancelled Moneydance+ for now. I did query 'Moneydance thru Plaid' which put me in contact with a virtual assistant, to no avail.</p></div>jrjrtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-04T22:46:22Z2021-11-04T22:46:22ZUnable to Download Transactions From Schwab<div><p>just a user</p>
<p>can you recognize devices (yours) with 2FA and Schwab? That might be something to pursue, as you won't always have to get a token code for a recognized device?</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-04T23:19:23Z2021-11-04T23:19:25ZUnable to Download Transactions From Schwab<div><p>dtd...</p>
<p>not sure I understand the question. When I originally tried to register a Schwab username and pw, failed. Then I registered the pw with a token number appended, and was able to complete the registration, but downloads did not work. But I may have been too hasty; yesterday 'Setup Moneydance+' showed the 2 accounts (checking and investing) I registered with no name, and after I cancelled Moneydance+, it would not let me disconnect them. Today, it was properly identified as Schwab, and I was able to disconnect them. (I also changed both my passwords, since the process seemed so flakey.) Possibly if I waited a day, it would have worked?</p></div>jrjrtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-06T20:13:56Z2021-11-06T20:13:56ZUnable to Download Transactions From Schwab<div><p>jrjr - don't know, as I haven't tested MD+ yet, but I've often found (Awardwallet, for example) that there are ways to workaround 2FA.</p>
<p>1) One is turn off 2FA only for the setup process, then turn it back on.<br>
2) One is to say 2FA except with recognized devices (and thus Plaid can become a "recognized device".</p>
<p>Now the token concept may make this more problematic. I probably should just start testing it even though I've been waiting for Schwab investment accounts to work.</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-06T20:17:45Z2021-11-06T20:17:45ZUnable to Download Transactions From Schwab<div><p>@johnsonw - Thanks for your mention of Propersoft Transactions Essential. I'm also looking for a way to use CSV with Schwab, given that's the only option now (If I can get this to work, I won't need MD+)</p>
<p>Questions: Are you using this only for Schwab Banking or Credit Card, or are you also using this for your investments/stocks accounts? In reading the overview for Transactions Essential, it seems to say "only banking/cc".</p>
<p>If you do have this working for investment accounts, you mention having to fix "action", but what about stock symbols, quantity of sale, and so on?</p>
<p>Thanks for describing how you are making this work as an interim solution.</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-07T00:30:47Z2021-11-07T00:30:54ZUnable to Download Transactions From Schwab<div><p>I have only used Propersoft Transactions for importing investment accounts. It works, but some transactions do require small changes, like dividends are listed as transfers and such. That said, I have only done imports once or twice so I really can't speak to how reliable or successful it will be in the long run.</p></div>johnsonwtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-07T00:48:24Z2021-11-07T00:48:24ZUnable to Download Transactions From Schwab<div><p>So it does convert Stock Symbols and Quantity of Sale (which wouldn't be in a bank or cc transaction)?</p>
<p>Thanks for your experience.</p></div>dtdtag:infinitekind.tenderapp.com,2009-01-14:Comment/494166782021-11-07T11:36:28Z2021-11-07T11:36:36ZUnable to Download Transactions From Schwab<div><p>I just did another import from csv->qif uisng ProperSoft transactions into a Schwab investment account. This time, month and day were reversed in transactions, and amounts were negative instead of positive, It did get the proper symbols. I had no buys or sells so don't know about number of shares. It is quite possible that I did not set the parameters correctly in the program, which is why I had these issues this time, not last. Or, maybe it is better to do csv->ofx. Lots of ways to play around to see if it will work for your particular situation. All in all, I cannot give this program or approach a complete thumbs-up. So far for me, it works sort-of, but it is a PITA. Since I am not a heavy trader in my Schwab accounts, I may just enter the data manually. YMMV.</p></div>johnsonw