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.
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.
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.
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.
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.