Poor bank support
I use YNAB on my Desktop already for a while. I really like it. The limitation about the usage restrict to my desktop (I hate the mobile app for this version) and Dropbox sync (also hate it), among other things, made me consider the new Web based one.
One big annoyance, that I spend mostly of my time, is manually typing transactions from various accounts. That would be even greater than have a more mobile YNAB. But apparently YNAB supports only... US banks? Maybe some British one, but, well, then we have the rest of, let's say, planet, right?
I went to Wallet and Spendee and they both support all my banks, in multiple countries. On top of that I can use them for free if I don't want bank sync (the other pluses don't really make much difference for me), where YNAB I have to pay just to simply use it.
YNAB is, imho, still superior and more robust than those alternatives, but with this poor bank support I would rather keep the older version or migrate to some alternative solution.
From my search I guess that Wallet and Spendee use the same provider for the bank import, which is simply great. They have plenty of banks in a lot of countries. Why not provide this option with YNAB?
From my point of view, based on the alternatives that are available (and their nice base of bank/financial institutions support), unique points from YNAB, and being an old-version of YNAB user, I really think YNAB is way too overpriced.
Hey Harry Knoener , thanks for letting us know this great feedback!
Direct Import is probably our Top Priority in finding ways to improve it's reliability and flexibility. We think it's such a great feature and so powerful! In fact, it has the power to make budgeting seem seamless and beautiful....or really frustrating!
So we want to address it.
We've got some active plans right now in the works that we hope to unveil in the coming months and over the rest of the year. So be on the look out!
At the end of the way, we realize how import direct import is, but our value proposition is so much more than that. We hope to give you great human service and a YNAB method that's supported with great content like podcasts and workshops! But the value is for you to decide, right!? :)
I hope you'll stick around long enough to see us making some marked movement on the app. We want it to work flawlessly, too!
Let me know if you have any more questions or feedback. We love hearing it.Reply
Following this as I have been holding out for bank feeds / direct import in Australia since we moved here in 2011. Have been using YNAB since I can remember, and although I have tried every other finance app out there which supports Australian bak feeds, I can't bring myself to leave YNAB due to it's budgeting functionality. I too spend far more time than I would like manually importing transactions from numerous accounts (bank accounts and credit cards) - it's a huge time sink and to be honest a painful process. So the hint of this possibly changing represents a possible light at the end of the tunnel, for me and I am sure countless others. Please keep us all posted YNAB!Reply
Hi Faness ,
Ok thanks for the confirmation. I will take a look but will likely have to hold out until YNAB makes this part of the standard out-of-the-box offering.
Holding out some hope given the comment by Dan around 5 months ago ("We've got some active plans right now in the works that we hope to unveil in the coming months and over the rest of the year. So be on the look out!").
Are you able to advise if this is at least something YNAB is still actively considering / looking at? Many thanks!Reply
Hi Faness Ok no problems - thank you for getting back to me on this, appreciated! We live in hope :-)
For your Australian customers one option may be http://www.banklink.com.au/
Hi Bart Kuiper Have you used the australian banklink site you posted at all?
Overall my feedback on this topic would be that direct import would be really useful. I already use Xero for our business with direct imports and it so helpful to checkin everyday on spending. Otherwise our YNAB is not updated properly till the end of the week with manual imports and so our buckets are inaccurate for the week due to direct debits that go out which always change if they are in another currency. It also helps to catch unauthorised transactions or doubleups which sometimes happen. I would love to see this feature and have been waiting for it in Australia. We love YNAB.Reply
I have been a VERY LONG time Australian user of YNAB. Im still using version 4 as Im waiting for Australian banking support. To be honest until our banks are supported I would rather enter in manually than switch to an inferior budgeting software.
Love YNAB but wont upgrade to a subscription base model until direct import for our banks is available.Reply
The Open Banking protocol is coming to Australia - Which forces all entities with a banking license to share their data via a standardised API including transaction data. Maybe YNAB should look it this, as it seems like you'd write the code once and then just configure it to work with each different bankReply
Support for bank account feeds outside the US would be great!
I really like YNAB and I hope they implement this feature soon.
I've tried out PocketSmith which does support multiple account and currency imports - https://www.pocketsmith.com/tour/live-bank-feeds - Although the UI isn't as nice as YNAB.
PocketSmith uses - https://www.yodlee.com for all their banking imports.Reply
+ For Australian bank import as a major swaying factor to go from YNAB 4 to Subscription. We've been running the trial trying to get back into the swing and the manual import is just the biggest drawback. I'm budgeting because I'm poorly organised you think I can be organised to keep all transactions upto date manually??Reply