Approving New Transactions from Fidelity
I recently linked my Fidelity 401K and Savings accounts to YNAB and find it odd that I need to approve new transactions in the accounts. For example, if a mutual fund increases or decreases in value I need to manually accept it. I'm not referring to when I manually transfer funds over to an account.
I understand the necessity of doing this for credit or debit charges but does this have to be done for Financial Investments as well?
Direct Import isn't as fine tuned for Investment accounts as it is for other accounts. For many investment and loan accounts, our Direct Import partner is only able to provide your current starting balance – or only certain types of transactions. Since those transactions are importing, they will still need to be approved like your other transactions.
We're looking to make improvements there, of course, but you may not find it worth setting up that Direct Import connection at this time - especially since investment and loan account balances are typically Tracking accounts, which don't affect your budget.
Updating those balances like this is quick and easy, though!Reply