Direct Connect

Moneydance can connect directly to bank servers using the standard OFX protocol. Using this protocol allows apps such as Moneydance to download transactions from various account types as well as manage bill payment, if supported by the bank's server.

If your bank is listed on this page, we have already established a connection with them which will allow you to automatically download your data.

Setup Direct Connect -

Highlight the account name in the left sidebar, then navigate to Online --> Set Up Online Banking.

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Select 'New Connection' and choose your financial institution from the list.

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Select "Next" then specify the account you'd like to download the data into.

You'll then be prompted for your ID and Password.

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Direct Connect sometime uses different login details than are used at ATMs or your bank's web site. When you enable your account for Direct Connect access, your financial institution should let you know which login details to use.

Most banks require you contact them to enable your accounts for Direct Connect, before you can begin to download your data. You can accomplish this by asking your bank to set up your account for "Direct Connect from Quicken".

Moneydance uses exactly the same OFX server connection protocol for Direct Connect as Quicken, however frequently bank representatives do not know this and mistakenly believe that you can not connect in Moneydance. Calling your bank and stating precisely the following should get you started -

"Please enable Direct Connect on my account so that I can connect to your servers directly with Quicken. Also give me the login credentials I need to connect to this service."

Using Direct Connect -

Once Online Banking has been setup, you can download your data by selecting the
Online --> Download AccountName Transactions menu, or ⌘D.

If you have more than one account with Direct Connect enabled, you can select the
Online --> Download All Accounts menu.

Within your Network Preferences, you can enable "Automatically Download in Background" to download transactions when you start Moneydance.

The first time you connect to your bank through Moneydance, Moneydance will download all transactions available on your bank's server.
This may result in duplicate transactions, especially if you have transferred data from another personal finance program.

In this instance you should try to run through the Confirmation process to merge the duplicates, then delete any unwanted transactions.

Most banks only offer the most recent 30-90 days of transactions on their direct OFX connection server.
To get transactions prior to this point you'll need to download and import files from your bank's website. You should refer to the 'Manual Downloads' section.

If you are downloading data into an Investment Account - please note that there may be prior history that is not provided by the bank's server. Unless all of the purchases for any held securities are in the download, you may not have the complete information for your security. You may need to enter transactions manually to reflect your current holdings.

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