Avoiding Chase Fees?

jgreer27's Avatar

jgreer27

27 Feb, 2010 05:10 PM

I've read some of the other posts about connecting to Chase bank for my checking/savings accounts. I have a trial version of MD and am trying to connect to Chase for the first time (successfully able to connect from Quicken 2008). This is the error I get:

There was an error communicating with your financial institution. The details of this error are below.

Bank Name: Chase

The error code reported by the server was: 2000
USER NOT AUTHORIZED TO ACCESS THE SYSTEM WITH THIS APPLICATION

A couple of other posts have mentioned that in order to enable Chase for direct connect through MD, I must pay a 9.95 monthly fee to Chase. Is there a workaround for this? That's prohibitive, since I can connect for free through Quicken (although I would love to find a way to leave that program behind). It's also a pain to have to download files from Chase, since both my husband and I have multiple accounts with them, and Chase will only let you download one at a time.

I like all the functionality of MD so far, so is there a way to direct connect to Chase through MD without the fee?

Thanks,
Jennie

  1. 1 Posted by Ben Spencer on 27 Feb, 2010 05:48 PM

    Ben Spencer's Avatar

    Hi Jennie

    Quicken has an automated system that will download transaction files by pretending to be a human logging into the banks web site. So infact Quicken is actually doing a manual file download even though it looks like its doing a direct connection. I am afraid that moneydance does not have this automatic web connect feature. If you want to use Moneydance your options are to use direct connect and pay your bank the extortionate fee or manually download the file your self and live with the inconvenience.

    I am sorry if this does not meet your needs.

    Sincerely

    Ben Spencer

  2. 2 Posted by jgreer27 on 28 Feb, 2010 03:28 PM

    jgreer27's Avatar

    Thanks Ben.

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