New Canadian online bank motusbank

Ontario’s Meridian Credit Union just launched a new, online national bank in Canada, motusbank. Would be great to see that added to direct import!

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    Thanks for writing in about this! 

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  • Hey there - any update on this?  I submitted my suggestion for Motusbank over a month ago, and I am assuming others have as well.  Motusbank is also a subsidiary of Meridian Credit Union, and YNAB can connect to MCU accounts without any problem.  Given that, I don't imagine it should be too difficult to get Motusbank on the YNAB platform - it uses the same infrastructure.   Thanks!

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    • Hi Silver Cartridge !

      Thank you for passing along those details! Unfortunately, we don't have a way to see what financial institutions are going to be added in the future. When you submit a financial institution for consideration, we share this information with our Direct Import partner—we just can't guarantee if/when a bank might be added. 

      In the meantime, try File-Based Import, which allows you to drag-and-drop a file of transactions from your bank into YNAB.

      Whether you're using Direct Import or importing a file, it's still best to enter transactions right away, that way you can always trust your budget. Direct Import is a relatively new feature, so some YNABers prefer actively entering transactions as it gives you a lot more awareness of your spending.

      It's also faster than you might expect, because you can use scheduled transactions for recurring expenses (rent and utility bills) and the mobile app for recording spending on-the-go (gas and groceries). You can still import transactions, because YNAB will know to match them up with the ones you entered and add those you may have missed.

      Still, we know Direct Import can be a big factor in budgeting decisions. We'd love to hear what ends up working best for you! :)

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