![]() ![]() Your Direct Access service doesn’t work here.” I know that our UK and EU customers are probably thinking, “well this investment in Direct Access is great if you’re a US or Canadian customer, but what about if you are in the UK or Europe. Ultimately, it is largely determined by the agreements our backend provider has for each bank. * We don’t have any control over which banks require MFA and how frequently they require it. Support for additional authentication protocols.Reduced latency for transaction downloading.Faster fixes when a bank connection stops working.Getting to their new platform should result in several major improvements: It’s a large undertaking as it is essentially developing “Direct Access 2.0” but it is absolutely something we have to do. This new service will use our backend provider’s latest APIs and platforms. Once our move to subscription is done we are taking on a major project to build out our next generation Direct Access service. To say this is annoying is an understatement. Some banks, like Capital One, require you to provide a OTP every single time Banktivity tries to get new transactions. But over the years, as banks have changed their security practices more and more financial institutions require their customers to enter additional multi-factor authentication (MFA) questions and provide one-time passcodes (OTP). This allows you to import your transactions without having to log in to a bank’s website or manually download any files. Direct Access Roadmapĭirect Access is our service that allows customers to easily connect their bank accounts in Banktivity. If you missed our last post, “ A subscription that doesn’t suck,” please consider going back and reading it before diving into this one. Specifically, I layout out our roadmap on where we are with our services today and where we are headed. If you are entering a transaction that is not an initial holding, be sure to enter as the category in the 2nd line "transaction fee" or "commision" to reflect applicable broker fees.In this blog post, I’m going to discuss two of our most popular connected services: Direct Access and stock quotes. If you are adding initial holdings, you can enter BuyXfr transactions with the category "initial holdings" as a custom income category to reflect that you already possess these securities at the creation of this account within Moneydance. Once the security has been added, from the register you may enter transactions that reflect your holdings for this security. To add this extensions open the Extensions menu, click "Manage Extensions", then scroll down to an install the appropriate extension. you can do that either by editing the history from the "history" window or you can add and use the extension that automatically updates price information called the Quotes and Exchange Rates extension. Note: after adding a security you may need to add a history of price value for this security. Most of this information is just used for identification purposes and is not used in calculations of any kind within Moneydance. Then fill out the rest of the security information identifying it as a stock, bond, CD, option contract etc and the particular information unique to that type of security. ![]() If you have some other kind of denomination for your holdings (such as contract for options) you can enter them here either as a prefix or a suffix to the price per unit of the security.į) decimals - Be sure to enter the same number of decimals that are used in your broker's share accounting. ![]() You can ignore it or you can just make it up.Ĭ) Ticker Symbol - Be sure to use the symbol used by Yahoo FInance including a "." and a letter for stocks from non American exchanges (for example a stock on the London exchange will end in ".L"ĭ) Price - This value can be changed either from the "history" window or by using the extensions that automatically update prices.Į) Value prefix and suffix - By default holdings are measured in shares as in equity holding. There are a number of fields you will need to enter:Ī) Security ID is a unique identifier of a security within Moneydance, it's not something that has any existence outside of Moneydance. If you are adding this security for the first time within Moneydance, you will choose "new security" from the "add security" window. Setting up securities in your investment account happens in two stages:įrom the "securities detail" portion of your investment account choose "add security" to create or add to a list of securities that can be used in transactions for this account. ![]()
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