Is this app for Canadians?

I downloaded app but can’t seem to find my bank on the list. It’s a popular bank in Canada so I’m thinking it’s not the right app for me...

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  • Manual entry of transactions works for many users. A linked account is intended to speed reconciliation, not to be the primary means of transaction entry.

    There is also the option of downloading a file from your bank.

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  • If your main purpose is to automatically download transactions, it's probably not for you. There are free alternatives out there. But if you want absolute control of your finances, then yes.

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  • Hi, Turquoise Clarinet

    I'm Canadian, and I think this app is fantastic.  I have convinced a whole passel of friends and family to begin using YNAB along the way, too. I have personally never used the bank sync. The version of YNAB I started with 5+ years ago didn't have the option of bank syncing.  When bank syncing finally did come along, I was used to my manual entry (there are ways to enter recurring entries so they populate on their own). Plus, I just couldn't bring myself to violate my account user agreement with my banks. I like the security of my government-regulated bank (with a branch down the street from me) being responsible for fixing any fraud that happens to my account, as opposed to cutting the bank loose of any liability and being responsible for it by myself.  Based on what other YNABers have been posting, it's obvious to me from reading the forum that the bank syncing for both Canada and US banks has become very challenging. I suspect that extra security layers  being newly implemented in the banking industry have been difficult to keep up with.

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  • Hi Turquoise Clarinet !

    YNAB can be used by anyone who has a computer with internet access - we'd love to get the entire world on a budget if we could! :)

    I hope you’ll take a moment to suggest your bank in the app, if you haven’t already!

    When we’re ready to start exploring support for new financial institutions, we'll share this information with our 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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  • I tried doing a file import on one of our credit cards, and it created all sorts of duplicate records for things that I had input manually as I shopped.  Sometimes the posted date lagged from the credit card provided, and I think that caused some duplicates .... but importing directly from a credit card vendor never has that issue as it seems to intelligently match against similar transactions and is rather accurate.  Is there something that I was missing?

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    • Hi Subtlety !

      Imported transactions will automatically match up with transactions you’ve entered—as long as the amounts match exactly and the transaction dates are within 10 days of each other. You can also manually match an imported transaction with one you entered. 

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  • Thanks for the design of imported transactions, however this was not the experience I had when importing from a file import.  However, what you described is what I was expecting.   I had been manually putting in transaction when shopping but I have numerous automated payments against my credit card. From the file import, nearly (and maybe all) transactions I had manually imported ended up having a duplicate transaction.  It was if the matching capability was disabled.   Any thoughts?

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    • Subtlety 

      Sorry for the trouble! Sometimes an imported transaction will not automatically match with the version you’ve entered yourself, even if the criteria have been met (this is a hiccup you might see occasionally, it shouldn't be the norm!). Normally you’ll still be able to manually match those transactions via the Edit menu, so be sure to try that, if you haven’t already.

      If you find the ‘Match’ option is greyed out and not clickable, it may be that those transactions are actually duplicates of each other, where one of the duplicates has already matched up with your manually-entered transaction. If this is happening routinely, then it is something we would want to get reported to our import partner.

      If you're not seeing that Match option (under the Edit menu when two transactions are selected), or if transactions continue not to match, please submit a Bug Report so our Bug Team can take a closer look for you! :)

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  • Another Canadian here. I deal with RBC, Scotia and ATB (Alberta Treasury Branch). I only recently started having issues with RBC but that is a larger import issue due to website changes and a new import partner for YNAB. Overall, I have had great success.

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