[GNC] What does OFX Direct Connect do?

[John Ralls]

Don't hijack threads, it's rude. Start a new one when you have a new question.

OFX Direct Connect is just like importing an OFX or QFX file downloaded from your bank's website except that it will connect to the bank and get the OFX file for you.

Regards,
John Ralls


> On May 18, 2020, at 10:27 AM, Fran_3 <mailbox0600 at yahoo.com> wrote:
> 
> If I can jump in here I would like to learn more about OFX Direct Connect with GnuCash.
> 
> Does such automatically determine what transactions occur at the bank that are not in GC...
> And then automatically update GnuCash?
> 
> Or what?
> 
> Thanks.
> 
> 
> On Monday, May 18, 2020, 12:35:10 PM EDT, John Ralls <jralls at ceridwen.us> wrote:
> 
> 
> 
> 
> > On May 17, 2020, at 12:06 PM, Hershey <Hershey at triad.rr.com> wrote:
> > 
> > I'm new to Gnu and am having issues setting up online downloads.
> > My first attempt is Wells Fargo and I get a 2000 error message.
> > The Tutorial show Wells Fargo in its example but I've also seen this
> > statement on the web: Wells Fargo has switched to OFX Web Connect. GnuCash
> > doesn't support this authentication.
> 
> That last sentence is your answer, but perhaps you need some more detail. There are two ways of connecting to a bank for OFX online communication, OFX Direct Connect and OFX Web Connect. The former collects your user name and password as part of the online session and the latter has you log in to the bank's website and launch the OFX session from there. The way that the bank's website connects to the financial software is proprietary to Intuit, the makers of Quicken, so that it works only with their products. GnuCash is able to work only with OFX Direct Connect.
> 
> Regards,
> John Ralls
> 
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