BofA QFX has wrong ACCTTYPE

ausas

The QFX file produced from a BofA WebConnect download does not have the correct ACCTTYPE for a money market savings account. That field contains "CHECKING" in the download rather than "MONEYMRKT", which leads to a prompt to create a new Quicken account rather than matching the existing account. How do I get this fixed? Thanks.

Chris_QPW

Since Bank of America creates the QFX file only they can fix it.

Of course, you could manually edit the account type, but there might be other parts of the QFX file that might not be right.

Chris_QPW

Actually the "Checking" account type might be intentional.  Quicken Windows investment accounts aren't "money market/account types that deal with checking like operations".

Bank of America might be coding it as a checking account because that is the closest you will come to that account type in Quicken Windows.

ausas

Quicken for Mac does have a Money Market account type, which was what was set when this particular account was created and matched what BofA was sending until recently. Knowing how unlikely it might be that I'd get BofA to change their encoding, I changed my account to Checking, which should solve the problem.