Add Integrations for International Banks (primarily in the UK and EU)

Nederdraak
Nederdraak Quicken Canada Subscription Member

I love using Quicken, but I am an expat and a continual thorn in my side is the lack of support for international bank integrations. Right now, I need to manually enter all my transactions for multiple accounts I have with Dutch banks. While I appreciate the increased awareness of how much I spend, the manual work blows. I have to track each of those accounts and make sure I am diligent about entering transactions for each of them as they come in if I want to have an accurate history. Alternatively, I could download and import transactions monthly, but either way this requires manual work that shouldn't be necessary.

I have been flirting with PocketSmith as they offer much better international & multi-currency support. That said, I enjoy using Quicken and would much prefer that this type of support would be offered.

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Comments

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Sorry, but this isn't going to happen until/unless those banks sign the contract with Q/Intuit to provide such download.

    And since the customer base (outside of the US & Canada) is so small, it's HIGHLY unlikely that they'll do so.

    It isn't Q's decision to add banks … it's the bank's decision to contact Q/Intuit to BE added.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭

    I think it is even more than that. Right off the bat you are talking about different laws, possible different connections methods and downloading in different currencies. And Quicken Mac is known to have incomplete handling of multiple currency and the Quicken Mac development group (and Quicken Inc for that matter) is very small and has much more on their list of things to put in.

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  • jacobs
    jacobs Quicken Mac Subscription SuperUser, Mac Beta Beta

    Quicken (the company) and Intuit, it's connectivity provider, can barely maintain the system for downloading from US & Canadian banks; at any given moment, there are dozens and possibly hundreds of connections which are partly or completely broken. This is usually due to financial institutions making changes to their servers, and leaving Intuit to diagnose and fix the connectivity. Quicken is a small company, and I can't imagine them tackling adding financial institutions on an international scale purely because of the scope and volume that would entail. Layer on that different banking and privacy laws in each country, and I see it as a nearly impossible wish.

    Perhaps if there's some third-party provider which already handles international financial institutions, and if Quicken could ever sever its ties to Intuit for connectivity, it might be possible in the future. But here's another issue: it would undoubtedly cost Quicken more money to for the expanded connectivity support, but how much more revenue would this bring in? Quicken doesn't sell its software outside the US & Canada, and trying to build nationalized versions for other countries would be an expensive proposition. So if they're just selling to the North American market, while there are undoubtedly people like you who live overseas, how many additional subscriptions would they really sell? I doubt the additional sales/loss of current users could economically justify the cost of switching connectivity providers (a huge project) and paying for international connectivity services.

    For all these reasons I think it's highly unlikely for this wish to be fulfilled.

    Quicken Mac Subscription • Quicken user since 1993