One-step update time

bzargarcia
bzargarcia Member ✭✭✭
edited November 12 in Download, Add/Update Accounts (Mac)

Currently, my one-step update takes about 30-60 seconds to complete. That is approximately 25 accounts over 12 financial institutions.

Does opening more accounts at the 12 financial institutions make the one-step update take longer or is the length of time more affected by the number of financial institutions?

For example, do two financial institutions with 50 accounts take longer to update than 10 institutions with 50 accounts? Just thinking about the negatives of multiple financial institutions.

bg

Answers

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

    It kinda depends upon your download method. If Express Web Connect+ (which I think is "Quicken Connect" in QMac) Q/Intuit login into your FI's overnight and aggregate the info. You're then only downloading from Q/Intuit servers.

    BUT, with Direct Connect, Q is separately logging into each FI. Multiple such logins would take longer than a fewer number of logins.

    But, my question is: Why so many FI's? Are you bumping up against the FDIC/FSLIC/SIPC limits? Otherwise it would seem to me that you're just making you life difficult/complicated for yourself.

    I have one broker (Fidelity Investments) which is also my primary bank, one local bank (US Bank) with checking and card, 2 cards from Chase and 1 from Barclay. Altogether pretty simple.

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

  • RickO
    RickO Quicken Mac Subscription SuperUser, Mac Beta Beta

    You posted in QMac, but One Step Update is not a Mac term; it's only used in Windows. Are you using QMac or QWin?

    Quicken Mac Subscription; Quicken Mac user since the early 90s
  • bzargarcia
    bzargarcia Member ✭✭✭

    lol. Yes I'm sure I'm on Quicken for Mac. I didn't remember the name of the update process on Mac. I scrolled over the icon and Quicken for Mac did not name what their two arrows forming a circle were called, so I figured calling in one-step update would be easier to understand.

  • bzargarcia
    bzargarcia Member ✭✭✭

    NotCPA. You have five institutions on your list. We have a familiar setup.

    2 banking (local and online), 2 IRA providers (spouse and I), 2 credit card only FI, 2 401ks FI (spouse and I), 1 Mortgage FI, 1 Auto loan FI, and finally an account from my employer and one from a competitor (helps for testing)

  • bzargarcia
    bzargarcia Member ✭✭✭

    And no I am nowhere near close to FDIC, NCOA, and SIPC limits.

This discussion has been closed.

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