Renaming rules not being applied after Fidelity EWC+ download

ct89
ct89 Quicken Windows Subscription Member ✭✭
in Download, Add/Update Accounts (Windows)

I am seeing similar issues to the following posts but neither seemed to have a resolution:

https://community.quicken.com/discussion/comment/20515629#Comment_20515629

https://community.quicken.com/discussion/7967365/renaming-rules-are-not-working-for-fidelity-accounts-after-ewc-cutover

After the EWC+ cut-over, "Fee Charged" and "Foreign Tax Paid" transactions started showing-up with more information in the description (specifically the security name).
With DC, these transactions were memorized and properly categorized as "Invest Exp".
Now, the expanded description is not matching a prior transaction so they go uncategorized.

I tried adding a renaming rule to change any transaction where the payee contains "Fee charged" to just "Fee Charged" hoping it would then match and get correctly categorized but no luck so far.

Right now I'm accepting all downloaded transactions, then identifying the uncategorized transactions and categorizing them manually. But that's a pain as a recent download had over 40 of these "Fee Charged" and "Foreign Tax Paid" withdrawals.

Is there a better approach? I like the expanded descriptions, I just want them to be auto-categorized and haven't found the magic to make that happen.

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Answers

  • leishirsute
    leishirsute Quicken Windows Subscription Member ✭✭✭✭
    https://community.quicken.com/discussion/7969302/renaming-rules-not-being-applied-after-fidelity-ewc-download

    So far, the best workaround I use is to memorize the renamed transaction so that when the original name is downloaded in the future, it takes only a few keystrokes to have it replaced by the memorized transaction.

    Deluxe R65.29, Windows 11 Pro

  • ct89
    ct89 Quicken Windows Subscription Member ✭✭

    Thanks.

    My main issue is with an account I let Fidelity manage and they seem to jump in and out of lots of small positions of a large number of stocks.

    I am doing what you suggest and have so far accumulated quite a few of these memorized transactions.

    I wonder if I'll eventually stumble on a Quicken limit for the max number of memorized transactions or just see things slow to a crawl as Quicken tries to evaluate hundreds of these rules against each download.

  • Robin
    Robin Member ✭✭✭

    I am seeing the same problems with renaming rules after converting to EWC+ with Fidelity. And as ct89 said, the number of these transactions is making it difficult for me to manually edit these or find a workaround. I used renaming rules for years in this same Fidelity account when we were still on Direct Connect and the renaming rules worked well. I don't know if the problem arrived with EWC+, but renaming rules no longer seem to function with investment accounts, even thought documentations states that they should.

  • SeaStar
    SeaStar Member ✭✭✭✭

    I also found that the former "Fee Charged" and "Foreign Tax Paid" Payee descriptions recently expanded to include the Payee's Security Name. This new detailed Payee problematically defaults to the 'uncategorized' bucket instead of the actual categories those transactions used to populate. I strongly urge Quicken to go back to auto-categorization entry without User manipulation. Users need this efficient tracker and time-saving tool.

    In the meantime, I tried renaming and a few other corrective actions that didn't pan out. However, there is a way to change multiple transactions a once:

    1. Open Spending > Transactions > Select All Accounts + Date Range > Click “Uncategorized Transactions” box. A corresponding list appears.
    2. Click small blue arrow in Payee header of list. This sorts Payees into similar group names like “Fee Charged XXXX" or "Foreign Tax Paid XXXX” where XXXX is Security Name.
    3. In lsit, hold down shift key and select range of similar Payees to edit > Enter.
    4. Right click > Edit Transaction(s).
    5. At bottom of Find and Replace page, you’ll see Replace YYYY with ZZZZ . For YYYY, select ‘Category’ and for ZZZZ, select the desired new Category for the selected transactions. Follow prompts.
  • Robin
    Robin Member ✭✭✭

    I consider it to be a bug that Renaming Rules are not being applied in investment accounts even when the downloaded transaction contains a Payee field. I understand that some transactions in investment accounts will not contain a Payee field, but some clearly do. And there is even a Renaming Rules button on the lower left corner of the Downloaded Transaction tab in my investment accounts. And I can find nothing in the online Quicken documentation stating Renaming Rules are unsupported in online investment accounts. This is a bug that should be fixed.

  • leishirsute
    leishirsute Quicken Windows Subscription Member ✭✭✭✭
    edited January 10

    @Robin Is this problem occurring on non-Fidelity investment accounts as well? Fidelity is my only investment account and the renaming rules do not work for any of my Fidelity accounts. The renaming rules are working for my cash and credit card accounts.

    Deluxe R65.29, Windows 11 Pro

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