About OFX connection

[Lincoln A Baxter]

On Thu, 2010-11-11 at 07:11 -0600, Christopher Singley wrote:
> Many of these banks charge fees to authorize a socket to their OFX
> server, but on their website offer a facility to generate an OFX
> response & download it for free as a text file you can import.  It's
> worthwhile hunting around the website to look.
> 
The fact is Bank of America does allow for download of OFX files on all
of their download pages, and they remember that you selected OFX the
next time your download transactions.  

> Or if not, why not switch to some bank with better customer service
> that's a little less larcenous about charging fees?  Do your small
> part to break up "too big to fail" banks like BofA.
> 

This is off topic, but I can't resist. I have experience with the
on-line banking services of a lot of banks (way too many) as a result of
taking over the management of my Father's finances.  Most only let you
review/download the most recent 60 days of transactions.  BofA is the
only US bank that I know of that allows you to review and download
transactions going back a year.  Try that at one of the "too small to
deliver decent on-line service" banks.  (Value is in the eyes of the
consumer)

Lincoln

> On Wed, Nov 10, 2010 at 10:47 PM, David Reiser <dbreiser at earthlink.net> wrote:
> > Probably. Sometimes they wave the fee if you have direct deposit of a regular paycheck, but you'll have to ask. Basically, the bank is making you help pay the fees that Intuit charges them for the software that enables the bank to create the OFX data streams. It doesn't really matter to the server if it is gnucash or quicken on the other end of the comm link.
> >
> > Dave
> > On Nov 10, 2010, at 10:27 PM, Yue Yuanyuan wrote:
> >
> >> Thank you this info.  I do have one usage question.
> >> I am using BOA right now and want to download the ofx to gnucash.
> >> But it seems BOA charges money for using Quicken.
> >> Will I have to pay for it if I want to use OFX service?
> >> Thanks.
> >>
> >>
> >> On Wed, Nov 10, 2010 at 4:30 PM, David Reiser <dbreiser at earthlink.net> wrote:
> >> On 11/10/2010 3:24 PM, Yue Yuanyuan wrote:
> >> hi,
> >>   Right now I have one project need the OFX connection to the Bank. I am new
> >> to this area. Checked the documentation, but still not sure where to start.
> >> I want to set up one server which could download data from bank using OFX
> >> and transfer money to pay a bill.
> >>   Is there any documentation about how to implement this function? And in
> >> GNUCash, which part of code finishes this function?
> >>   Thank you so much.
> >> Best,
> >> Gavin Yue
> >>
> >> This is probably more of a -users list question, but anyway...
> >>
> >> Setting up to download transaction histories is covered in:
> >> http://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect_in_GnuCash_2
> >>
> >> You will not be able to transfer money with OFX in gnucash. There are no publicly available test servers for OFX. So no one has written any open source software to access the transfer money/pay bills portions of the ofx spec.
> >>
> >> Dave
> >> _______________________________________________
> >> gnucash-devel mailing list
> >> gnucash-devel at gnucash.org
> >> https://lists.gnucash.org/mailman/listinfo/gnucash-devel
> >>
> >
> > --
> > David Reiser
> > dbreiser at earthlink.net
> >
> >
> >
> >
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