Account monthly Statements should be downloadable from financial institutions (9 Legacy Votes)

Unknown
Unknown Member
It would be very helpful if the Monthly Statements could be download from the Financial institution when available with out having to go to the Institution itself, Sign in and download the Statement so that you can reconcile your account. 
3
3 votes

New · Last Updated

Comments

  • Unknown
    Unknown Member
    edited January 2018
    This reply was created from a merged topic originally titled PDF Statements.


    Quicken 2018 has the ability to pull PDF statements directly from your bank websites into Quicken.  But like sMayer97 mentioned above, we currently support only about 50 websites for pulling in the PDF. We are working on making it available for more billers. I'll see if we can publish the list of billers for whom PDF is currently supported.

    Note: This conversation was created from a reply on: PDF Statements.
  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    edited November 2019

    This reply was created from a merged topic originally titled PDF Statements.


    Quicken 2018 has the ability to pull PDF statements directly from your bank websites into Quicken.  But like sMayer97 mentioned above, we currently support only about 50 websites for pulling in the PDF. We are working on making it available for more billers. I'll see if we can publish the list of billers for whom PDF is currently supported.

    Note: This conversation was created from a reply on: PDF Statements.

    Sangeetha, can the statements be automatically downloaded if they are not a biller? For example, can Quicken download monthly statements from brokerages like Fidelity or Ameritrade?
    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Unknown
    Unknown Member
    edited November 2019

    This reply was created from a merged topic originally titled PDF Statements.


    Quicken 2018 has the ability to pull PDF statements directly from your bank websites into Quicken.  But like sMayer97 mentioned above, we currently support only about 50 websites for pulling in the PDF. We are working on making it available for more billers. I'll see if we can publish the list of billers for whom PDF is currently supported.

    Note: This conversation was created from a reply on: PDF Statements.

    No. It works only for billers.
  • Unknown
    Unknown Member
    edited February 2018
    When Quicken 2018 "downloads" the pdf file, where does it go? Not seeing it on my PC.
  • Snowman
    Snowman Member ✭✭✭✭
    edited December 2018
    This should follow the KISS principle.  Keep It Simple Stupid.  Just go to the FI and download and create your own local copy of all statements.  This way Quicken will not make those statements a part of your Quicken data file and thus ballooning the size of the file and making one have to open Quicken just to see a statement.  By keeping all statements separate from Quicken you accomplish several things.  One you do NOT have to have Quicken to open your statements.  You do NOT have to rely on Quicken working properly to access your statement and finally if/when Quicken does something to break the ability to download statements you are not up a creek without a paddle while you wait for them to fix it.  Finally Quicken can decide WITHOUT NOTICE TO YOU to discontinue the feature and thus causing you to possibly lose the statements that you already have attached in Quicken.

    I played with the biller feature and it is very cumbersome to use and still does not work properly.
  • Unknown
    Unknown Member
    edited February 2018
    Simple is good when you don't have many statements. If there are a lot, then doing it manually becomes very time consuming and having automation is helpful. I would have thought this would have been implemented to save statements to a directory structure., much like I have been doing manually. They still could have milked out selected data for those who care.
  • Unknown
    Unknown Member
    edited November 2019

    This should follow the KISS principle.  Keep It Simple Stupid.  Just go to the FI and download and create your own local copy of all statements.  This way Quicken will not make those statements a part of your Quicken data file and thus ballooning the size of the file and making one have to open Quicken just to see a statement.  By keeping all statements separate from Quicken you accomplish several things.  One you do NOT have to have Quicken to open your statements.  You do NOT have to rely on Quicken working properly to access your statement and finally if/when Quicken does something to break the ability to download statements you are not up a creek without a paddle while you wait for them to fix it.  Finally Quicken can decide WITHOUT NOTICE TO YOU to discontinue the feature and thus causing you to possibly lose the statements that you already have attached in Quicken.

    I played with the biller feature and it is very cumbersome to use and still does not work properly.

    Snowman...I heartily agree.

    I don't download ANY biller statements in Quicken, nor do I attach any bills in Quicken.

    I use an outside software to save my statements and bills after I scan them to my desktop.  

    However, this can just as easily be accomplished by using either Windows or Mac file hierarchy and tags for the files.

    As much as I use Quicken, I wouldn't trust the data file to maintain my billing statements and bank statements for reference.

    I too keep it simple in Quicken.  
  • Snowman
    Snowman Member ✭✭✭✭
    edited December 2018
    All it takes is some planning.  I have shortcuts set to help automate the process  to all who provide pdf statements.  In my case that is in excess of 40 statements per month.  That was my old method.  Now I have a program that keeps all of my password / sign in IDs in an encrypted program.  For each statement I point to the record in the password program, it goes to the website, I enter my ID an password, I get the statement save it to my local NAS drive, reconcile in Quicken, Done.  It takes less than a minute per statement.  Not time consuming at all.  When weighed against all of the ways that Quicken would (and currently is) botching the process I like this way better.
  • Unknown
    Unknown Member
    edited February 2018
    ok, sounds good. where can I buy a copy of that software to auto download my statements, by just putting in a userID and http address.
  • griebt42
    griebt42 Member ✭✭
    edited August 2019
    I realize that this is a big ask but it would be a great feature if quicken could download bank statements and other documents for each account.

    First you  would have to get a protocol agree upon by all the various institutions. All documents generated by the bank/whatever would be required to have a unique name.

    The user would create a download directory for each account (with the ability to share the same directory for multiple accounts at the same bank). Then, sort of like the "one step update" process, the user would click on a button that would go make sure that all the statements, tax documents or other documents related to that account were downloaded to the specified directory.

    There should be an option to allow this check to happen every time the "one step update" is used or seperately.

    This would be a GREAT feature and save a lot of work, especially with all the banks trying to push people to electronic statements.

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    You can already download, outside of Quicken, any PDF reports that the FI generates .... and attach them to your account in Q.
    What won't happen, however, is extracting the data from those reports and using it to populate transactions in your Q accounts.
    And, why should a new format be created ... when PDF is so widely/internationally used?
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    If you haven't already, you may want to consider using: https://filethis.com/consumer/
  • griebt42
    griebt42 Member ✭✭
    edited May 2019
    NotACPA: I think you missed my point.

    Let's say you have, say 10 bank accounts at three different banks, another 6 accounts at 3 different investment firms, and 2 accounts at two different credit card companies. If downloading a statement takes 5 mouse clicks plus login times and sometimes file name typing times, you can easily spend 1/2 hour just downloading statements.

    If you have to do that once a month then it can be a lot of time. If you try to "batch" them and do it once every 3 months or so then if you are like me, you forget, and then run the risk that the statements "fall off the end" at the F.I. you are using and you can never get them. 

    I don't care about auto importing any data into quicken. I just want to have a permanent record of all these statements. For now, I use paper statements but with more and more pressure to use electronic statements that is getting harder to do.

    I think that Quicken could provide a real value here to its customers by auto-downloading these statements. The statements themselves can be in PDF form (in fact that's preferred), but there still would need to be an agree upon protocol that quicken could use to request the statements and insure that within a given FI that they have a unique name (as opposed to "statement.pdf" which is used by some F.I.'s now).

  • griebt42
    griebt42 Member ✭✭
    edited May 2019
    Sherlock: Thanks for the pointer. I go check it out.

    I'm doubtful though that any product can currently do what I'm asking for unless there is already some protocol agree upon that I'm not aware of.

    The key to making this all work is to have an agreed upon interface that client side apps can use, in a secure way, to grab statements and other electronic documents from a financial institution in such a way that they can be stored on the client in some well-known (pdf) format.

    In any case, I'll check out the product that you mentioned. Thanks.


  • EdgyCricket
    EdgyCricket Member ✭✭
    Filethis works almost exactly as you described. I use it for several accounts. It syncs to dropbox (as well as others) which then syncs to your computer.

    The downside is it means trusting another entity with your logon credentials. Quicken already has them and I would prefer to keep it all within Quicken.

    Quicken does have a statement download feature but all it does is give you a link to click on, it doesn't download the statement itself. 
  • Quicken_Tyka
    Quicken_Tyka Alumni ✭✭✭✭

    Hello All 

     This Idea seems to have fallen stagnant and due to the Age of the request and lack of User Votes/Comments, will be archived within the next 7 business days.

     If you would like to see this Idea kept alive and considered for possible future implementation in Quicken, be sure to Add your Vote and a comment explaining how this Idea would be beneficial for you.

    More information, including steps to vote and how to submit your own Ideas for future product features/improvements, is also available here.

     Thank you,

     Quicken Community Support Team

    ~~~***~~~
  • solostorm
    solostorm Member ✭✭✭
    I download and store the statements for recurring items such as bank account statements, credit card statements, utility bill statements, investment account statements, etc.  I have a file tree on my hard drive where I store all of these for my records.  Doing this work takes considerable time.

    Quicken could live up to its name by automatically downloading and storing these .pdf files for us.  

    I would not want to store these documents within the Quicken file, but rather have Quicken download them and store them in a file outside of Quicken itself - so I can then migrate the .pdf's to the proper location in the file tree.