Ally Bank
We recently switched from Quicken and from another bank to Ally Bank. It seems that we may be caught in a catch 22 with respect to automatically downloading transactions from Ally. Is there any update regarding MoneyDance support for Express Web Connect to allow for a more seamless download of transactions?
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1 Posted by Ian O on 16 Aug, 2016 04:31 PM
Hi,
I am afraid it is unlikely that Moneydance will ever use this connection type. Express Web Connect operates in a way that we feel compromises security. You can read more about why Direct Connect is Moneydance preferred connection type in this blog post.
Moneydance supports automatic connections via Direct Connect and you can view a list of financial institutions that support this feature here - http://infinitekind.com/fi
If your banks are not listed, unfortunately they do not support Direct Connect, which Moneydance requires in order to talk directly to a bank. If your banks decides to use Direct Connect in the future we will be happy to assist in setting up a connection.
Without Direct Connect, the best way to get your files into Moneydance is to use a web browser to download them from your bank's web site. You can download into QFX, OFX or OFC files (aka Quicken or MS Money files), any of which will import cleanly into Moneydance.
Ian O
Infinite Kind Support
System closed this discussion on 15 Nov, 2016 04:40 PM.