Hey thnx for that. How the date got transported to the end I do not
know.However I revisited the CSV issue and whilst my ANZ bank does not
provide an OFX outright it does so by captioning it a 'Quicken file'. I
missed this at first, but when I selected the 'Quicken' format everything
worked perfectly. I'm really pleased because I believe MD to be a very good
I thank you again. You mentioned that your a user; how would you rate the
software and the support?
A Quicken file will either be a QIF or a QFX file, both will work and a damn sight easier and better than a CSV file.
I used Reckon before Moneydance and i have to say that that software was the most complete, if bloated solution, to deal with that company however makes dealing with Telcos, banks, energy companies etc look almost a pleasure. My computer was failing and trying to deal with them and convince them that I did have a failed machine and was not trying to just install it on a second box was something I dreaded not to mention trying to convince them again when I bought a replacement, and they would have charged me $4.95 a minute while I was trying to convince them....
In my search I looked at a lot of programs, overall I felt Moneydance was the best, although not complete, it was and is still lacking in the area of share investments, I live in hope, many other programs were not as good as Moneydance in this area. If you just have Bank and Credit card accounts you will have no problems.
Official support can be somewhat patchy, really good at times and sadly lacking at other times. The user base can be very helpful.
Australia is playing catch up with Personal Finance Platforms. As yet we
don' have MINT and the market is dominated by RECKON. There are a number of
systems offered but they all have some limitations, sometime important
limitations. They are basically geared to budgeting and don't provide a
broad spectrum of facilities. In my search I happened upon MD and I like it
very much. I'm a retired accountant and the MD format is very familiar to
me. However MD does not support synchronization to my ANZ bank so therefore
the direct download was an important issue. Thnx again for your help.
As far as I am aware no Australian Bank supports Direct Connect, most banks that do are in the U.S. market, so I would not be hopeful of it ever coming here. Web Connect is developed by Quicken, I've never found any public specs for it so believe it is a proprietary solution. Given Reckon's involvement with Quicken (Intuit) they probably could have implemented Web connect in their product, but I do not expect the Australian banks would be interested, Reckon, used to at least, bank with ANZ so if they do not offer it ....
Hence we only have the capability to download Quicken files - whether they be either QIF or OFX files, this is basically the capability that is offered in most parts of the world however so most places are pretty equal in this regard.
I'm assuming 'Direct Connect' is the same as synchronization. There are
multiple software such as MoneySoft, Money Brilliant, MyProsperity, and
few that do synchronize with Aussie Banks. That being said I wonder why MD
would not offer a synchronization option with the ANZ bank which trades
I raised the Direct Connect issue with the support team and their response
is as follows:
// Please reply above this line
*From*: Ian O (Support staff)
There are two methods that personal finance software can use to access your
accounts: Direct Connect and Web Connect.
With *Web Connect*, the software basically connects to your bank's website
and downloads and imports OFX, QFX, QIF, and OFC files automatically. This
is likely what other personal finance softwares are using to connect with
*Direct Connect* actually connects to a server at your bank instead of
their website and usually requires different login credentials than you
would use to log into your banks website. I'm afraid there are few banks
outside the US that support this connection method.
Moneydance only supports automatic connections through Direct Connect and
not Web Connect.
You can view a list of our supported financial institutions here -
http://infinitekind.com/fi Unfortunately, it appears your bank does not support direct OFX
connections, which Moneydance requires to talk directly to a bank.
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
You can also open your bank's download page directly (after entering the
appropriate address in the Account --> Edit Account menu) by going to the
menu bar and selecting Online --> Open Account Website, which makes the
download process easier.
I hope this information is helpful, please let me know if I can be of