Anvil I’ve been using it for months now and the only bad thing is that the banks force syncforynab to re-establish the account link every 90 days but that is the bank, not the API. The Open Banking … My bag :-). There is also the fact that it's run by one guy. YNAB will remember your payee names, and categories, saving you lots of time. Related to personal finance, budgeting, money and financial matters. The innovation is both evolving the industry toward hyper-relevant, platform-based distribution and giving banks a rich opportunity to expand their ecosystems and extend their reach. Tomato Colt I see auto-import as a bonus rather than required. Takes me about 10 seconds to do on a daily basis. Conversations can then remain positive and about budgeting and priorities rather than transactional. Tomato Colt I think you're right. "We've tried numerous import partners"  Either the selection criteria is poor or Europe/ROW is not being considered as import here works very well - YNAB even recommends syncforynab which is a first rate solution, but how would you feel being told to shell out more money for a feature you are already paying for. syncforynab.com - Just frustrating that we have to pay yet another subscription.... Faness Nicole Matthew  - YNAB should be looking into TrueLayer as a interim solution if you don't have time to develop yourself. It is on our (and our provider’s) radar, though! As I read the forum it seems like a good portion of the complaints are centered around connectivity issues with bank-x or bank-y and a lot of development/support time is used addressing those issues when so many other issues have not been addressed yet such as stealing from the future. Faness The import partner most visible in the app appears to be Plaid, who I've used on a personal time project. Open Menu Search. YNAB offers bank synching, access to your real-time budgeting data from any device, reports, goal-setting, personal support...and peace of mind. Each to their own though. Our users save hours every month using Sync for YNAB. How it works The third party will confirm the payment amount and ask if you want to pay directly from your bank account. I’ll continue following you wondering to see the day you present such feature, because I strongly respect your path on the budgeting philosophy. hide. I don't pay my bank anything, but I pay you £7 a month - for what exactly? Open banking is here – an opportunity for people and businesses to use their transaction data to access better financial products and services. Unfortunately I'm getting hung up on the line they're taking as to why it isn't available which seems somewhat disingenuous. This is what syncforynab is using for their Direct Imports to YNAB. Clearly, open banking in the UK has not yet delivered on its revolutionary potential. But I am aware that part of my subscription charge goes towards the upkeep and development of a feature I cannot use and it’s so frustrating. Just do a deal with SYNCFORYNAB. Building on the RTS-SCA, the final EBA Guidelines and the FCA’s Approach documents 1 which set out criteria, guidance and information requirements for ASPSPs seeking an exemption, the OG and OG Checklist provide recommendations to help ASPSPs demonstrate compliance with these regulatory requirements.. I'll be leaving at my next renewal because of this, it's such an absolute time sink as a UK customer, with 8 different accounts to manually import and reconcile, it's just not worth the time when something SO bloody simple can't be implemented (coming from a software engineer). It's not like he's not actively trying to sell it due to being too busy! Robust, secure and regulator approved services are common here with one platform being used by a talented individual to provide for a fee the service YNAB finds just too difficult! So YNAB chose the wrong partner not once, twice but three times! I wouldn't use it if it were free. So having YNAB connect to European banks is many years away. This thread is archived . 2 comments. But if my $50 dinner doesn't get yanked out of my food budget until transactions sync tomorrow, it's not going to knock my budget out of balance. Open Banking can let you see all of your accounts, wherever you bank, together in one place. We do want to support international direct import, but as you can see from our status page, supporting the Direct Import feature as we have it now is an ongoing struggle for us. The main feedback I got from that was that people did not want to learn how to host the application themselves. My budgeting would run a lot smother if my transactions hit YNAB as soon as they appeared in my bank. More coming soon in Norway, Finland and Sweden. If your budgeting as a couple and one of you isn't great at entering transactions then it saves a lot of 'we need to talk'  moments about admin with the budget manager able to reconcile and check. Continue to treat you loyal customers as mushrooms and the brand will be damaged. This works really well, and hundreds of people are using it. Why doesn't YNAB hook up with Scott Robinson and syncforynab? (I appreciate your short-term resources are committed to providing a reliable service for the existing direct import banks). The 20 successful entrants received a £50,000 up-front development grant and were given access to a ‘Data Sandbox’, containing anonymised UK banking transaction datasets and open APIs, to help develop their products in line with the new standards for open banking. You’ll need to confirm that you bank with us before you continue. I know that's not news you're looking for, but where things stand at the moment. For details, please see our issue list labeled "Bug". The nature of direct import is unstable and while we wish we had the power to make it exactly what we all want, we don't. Open Banking promises to create a new data sharing infrastructure, which will form the basis of a much richer range of services and products across the whole of financial services, and critically, in other … But I'd argue that auto-importing not available is not a showstopper, and should not prevent you using YNAB. Open banking means they must focus on highly connected systems available to everyone to access with low latency in a secure environment. I started an Open Source project a few years ago with the aim of syncing UK banking data to YNAB. YNAB stopped searching for alternatives that the competition found without seemingly too much trouble. One of these things is much more important than the other and I think we all know what that is. Julien Eichinger - stock.adobe.c Three years have passed since open banking regulations came into force and momentum is gathering By Karl Flinders, Emea Content Editor, Computer Weekly Published: 14 Jan 2021 13:54 Nearly six billion calls were made from fintech application programming interfaces (APIs) to bank servers in the UK in 2020 and more than… More But be clear about that and don't leave user expectations hanging. Open Banking (aka PSD2) forces the biggest UK banks to open up their precious data, which could mean big changes for the way we use money. Apps Learn Inspiration Support Try YNAB FREE For 34 Days Because you spend 100% of the dollars you don’t budget. This allows you to connect the YNAB application with your bank and bank accounts to auto-import transactions. I'm absolutely blown away by how easy this was to set up, and how smoothly the new transactions have come in. For the benefit of anyone else reading this, I've also used it for months and it's legit and yes a game-changer. I can definitely understand their frustration. New comments cannot be … In November, I set up syncforynab.com, which is essentially a hosted version of that open source application, … I just cancelled my subscription due to lack of open banking support. While just linking my own accounts I found them quite reliable, the only issue was for banks which didn't support open banking. As you've already pointed out, Open Banking is vastly simpler than US counterparts, it's a no brainer to get working. It allows you to securely share information with third party providers (TPPs), who can then provide you with a range of services, like making payments and giving you budgeting tools to help you manage your money. Please comment here with any banks you would like to be supported. We do not store any private transaction data. 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