Adding a new bank

Q2004 Basic
We are in the process of changing banks. Our current bank has direct Connect and it has been <almost> a breeze downloading the transactions from within
Quicken.
We are switching to BoA which does not have Direct Connect. I have to manually download the transactions from their website and import the file each time.
How do I deal with the mixture of download types while we phase out our old bank? I'm not sure what to expect or do when I hit the update button.
TIA, Laura
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Laura wrote:

BofA does have direct downloads; but you probably have to pay for them one way or the other. Sometimes $7 a month or so, or by getting an Advantage account which basically gives you direct download if you maintain certain balances; the rules vary depending on what type of accounts you have.
BofA, in fact, offers every type of download that Quicken accepts: direct, web-connect, and QIF. Web-connect and QIF file downloads are free. What type of download were you anticipating doing?

I'm not sure how to answer this because I don't understand what your real dilemma is. Are you setting up a new account for B of A? (I would). If so, download to BofA using the rules associated with the type download you are using. (If that is part of you question, let us know and tell us what download type) - and download to your old account just as you always have. Soon, you will have all your money transferred to BofA and you can deactivate the old account for transaction download.
--
John Pollard
First initial underscore Last name at mchsi dot com
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I guess it is the webconnect version which is what I have with our other Fleet/BoA accounts. It is still a manual process. I just signed up for the Quicken enrollment for this new account so it will be 24hrs before I can actually try setting up the account in Q04. I didnot realise that I needed to sign up for anything so I'll have to wait until tomorrow to see how this works. The account is a MyAccess Checking account if that helps any.

I am setting up a new account in a Q file that also has 2 older accounts that are Direct Connect. So now I have 2 Direct connect accounts plus a Webconnect account. For the Webconnect account I have to manually download and import the data file while the DC does it automatically. When I hit The one-step update button will Q download the DC accounts plus go to the BoA site so that I can download/import the webconnect data? I'm not sure how it will work with a mixture of download types.
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[comments at bottom]

Your DC accounts will download through One Step Update, but with your Webconnect accounts the procedure is different. You go online to the bank's site and manually download the webconnect data file. When asked if you want to Open it or Save it, save it to your desktop. Next, close the bank's site and double click on the Webconnect file that is on your desktop. It will import the data into Quicken. If Quicken is open when you do it, you will see the import immediately. If Quicken is not open, clicking on the Webconnect file will open Quicken, import the data, then close Quicken.
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I'll try double clicking on the download next time. I usually just import data into the appropriate account (I have 2).
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One-step update will only download from direct connect FIs.
For Web connect you can click on the "Update" link in the Register Menu Bar. That will then take you to a web browser login to your FI's website. From there you have to navigate to the appropriate download page and click on download. Once the file starts to download, Windows asks if you want to Save or Run the file. If you save it, you have to then manually import the file. If you run the file, Quicken will automatically process the file and place incoming transactions in the Compare to Register area.
--
Mike B



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I'll try running it next time instead of saving it to my hard drive. I have 2 accounts and I am always afraid that the transactions will land in the wrong account so I do it manually.
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Which Bank of America? I've got an account with them here in Texas, and you set it up as Bank of America - All Other States. It works with Q2005 Direct Connect just fine. It's a joint account, and my husband and I keep separate Quicken databases on 2 separate computers, and haven't experienced a single problem with keeping it all up-to-date.

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It will be the BoA-other states (I think) so maybe it will be a DC after all. That would make my life easier.
I am hoping my Fleet converted to BoA get converted to DC also. That would really be nice.

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