Connections, Barclaycard (UK), thoughts

I manually enter all my transactions, been doing it for years. Wondering if I dare trust a 3rd party with the login details to my Barclaycard Credit card?

Has anyone any experience of doing this with Barclaycard (UK), good or bad?

What is the real risk, what can they do?

Thank you for your help. 

Regards, Ian. 

13replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • Hey, I've been using YNAB for years, i am with NatWest.

    I haven't connected the app for two reasons, the first is that I don't trust anyone with my banking log in details, no matter what. The second is that YNAB's connection provider doesn't actually support NatWest and therefore I'm only able to import statement downloads from their website in .OFX format (which I find works really well).

    In terms of security during the transfer of data, they're using full end to end encryption so your data is about as safe as it can be. The instance of YNAB in the browser should be under HTTPS, so you can make sure it is encrypted.

    Reply Like
  • I keep toying with the idea of using Connections for direct import so thought I would visit the forum to see if anyone has any experience of using Barclaycard (UK).

    I searched for Barclaycard Uk and the only result was my one post from a year ago. This tells that either no one is using Barclaycard (UK) or it is working seamlessly without any issues.

    Anyway, my original question still stands, has anyone got any experience of using Barclaycard (UK)?

    I have just looked at setting up this connection and realise the form wants my whole password and my whole secret code, even Barclaycard do not ask for these!

    We are seeing changes here in the UK to increase security and reduce fraud so I am interested to better understand who the provider is that YNAB use so I can do my own research as to whether I want to explore this further.

    Thank you for any response or thoughts on direct import.

    Reply Like
    • Hi iwaddo ! Barclaycard (UK) isn't available to connect. We'd love to be able to provide Direct Import for international financial institutions, but because our third-party partner moved away from supporting banks outside the US and Canada, it's not in our plans for the immediate future.

      We partner with FinicityMX, and Quovo as our providers of Direct Import financial data aggregation, so you can find specifics related to their security policies and practices on their websites. Your connections are handled by MX. Let me know if you have any questions!

      Reply Like
      • iwaddo
      • iwaddo77
      • 3 mths ago
      • Reported - view

      Nicole Hi, well I guess that makes the decision for me at the moment then.  If Barclaycard (UK) isn't available to connect I am a little surprised it is on the list and would allow me to add all my account details and passwords, if it is then not going to work.

      Thank you for your help. 

      Reply Like
      • JoeDid
      • Remember: It is To Laugh
      • Purple_rain
      • 3 mths ago
      • Reported - view

      iwaddo It works in the US, so the program offers to capture that info.

      Reply Like
      • iwaddo
      • iwaddo77
      • 3 mths ago
      • Reported - view

      JoeDid ok, but my confusion stems from the fact it clearly says UK. 

      Reply Like
      • JoeDid
      • Remember: It is To Laugh
      • Purple_rain
      • 3 mths ago
      • Reported - view

      iwaddo I can see where that could be misleading. I seem to remember when I opened my Barclaycard (now simply referred to as Barclays) it referenced the British parent company, It doesn't any more. At some point, the URL for the card was changed to barclaycardus, but I don't remember when.

      Reply Like
    • iwaddo You're right! I apologize for the confusion. It looks like MX is offering the connection with Barclaycard UK at the moment. Go ahead and try to connect! 

      While you may see an international bank on our list, it's there because our Direct Import partner really wants to support it (as do we!) and they don't have any way of filtering them out for us. So they allow users to try, hoping to gather some valuable data that will help them improve the connection.

      Since they can be quite fickle connections, I can't guarantee what its stability will be but I’m happy to troubleshoot it with you!

      Reply Like
      • iwaddo
      • iwaddo77
      • 3 mths ago
      • 1
      • Reported - view

      Nicole 

      Hi, I have decided not to try a direct connection at this time. It feels to me as though this tech is still in its infancy so I think I will continue with manual input for now.

      I have however written to Barclaycard to ask for their view on the use of this functionality and the security of my account. I will share their response.

      Thank you for your help. 

      Reply Like 1
      • iwaddo
      • iwaddo77
      • 3 mths ago
      • 1
      • Reported - view

      Hi, Barclaycard have yet to reply but I have found this page on their website, https://www.barclays.co.uk/ways-to-bank/open-banking/ which seems to be telling me that the YNAB Direct Import functionality through their third-party partner is using old screen-scraping functionality and not the new Open Banking Standards. This means the responsibility for the security of my account lies with me and MX and not me and Barclaycard.

      I will wait for a response from Barclaycard and I will also be trying to ascertain whether MX is regulated by the FSA.

      To be honest, at this stage, I am a little surprised that YNAB is encouraging users to utilise functionality which gives a third-party full access to my account and would allow them to login as though they we me rather than implement a solution using the new Open Banking Standards.

      Reply Like 1
    • iwaddo 

      We know security is important to you, and as YNAB users ourselves, we understand exactly why.

      Our import partners haven't had the chance to take advantage of Open Banking just yet, but that could change in the future!

      Currently, our Direct Import partner does need to store your credentials in order to use them to connect to your financial institution to import transactions–but they are encrypted for your protection. They have significant experience handling sensitive information like this as an aggregation provider. MX has their own security page with information but if you still have doubts, direct import is completely optional if you choose not to use it. :)

      Reply Like
  • I'm in US - Barclaycard is our only credit card. I'm not sure how you would describe good or bad - I feel that the connection has been reliable, as far as importing transactions. Basically every time I connect, I have to go through a security process which my bank does not require, so at least in US Barclay seems to have more stringent security requirements than our other bank.  YNAB only pulls in the "posted transactions" and not the  "temporary authorizations" for Barclays. Sometimes transactions spend a good long time in temporary authorization status - maybe 4-5 days in some cases. So because of that, the frequency of account updating feels sluggish sometimes. 

     

    I guess depending on the degree to which you use this credit card, using the third party option could simplify things a bit.

     

    Regarding question of risk, I guess I have always felt Barclay does a nice job informing us of any unexpected activity.  My tolerance for risk may be higher. 

    Reply Like
  • Sky Blue Cornet

    Thank you for adding your thoughts, I may yet take a first step and give it a try but I do like the fact that adding everything manually keeps give very in tune with every transaction but we use our credit card for everything so I think the time will come where using the integration is the right thing to do.

     

    Thank you for your help. 

     

    Regards

    Reply Like
Like Follow
  • 3 mths agoLast active
  • 13Replies
  • 568Views
  • 6 Following