I just set up Open Banking with my accounting software in 45 seconds

Why can't YNAB do this?

Literally, setting up a bank account (Barclays) to auto import into FreeAgent (my online accounting software) - took 45 seconds, including logging into my bank via my phone app to authenticate.

It's easy. Reliable. Simple. Why do YNAB not offer this? I don't pay my bank anything, but I pay you £7 a month - for what exactly?

33replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • Hi Tetsugaku !

    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're still looking for alternatives and ways to improve, but for now, international financial institutions or connecting with Open Banking aren't available. It is on our (and our provider’s) radar, though! If we are able to offer it, we'll be sure to announce it loud and clear.

    Our last Direct Import partner was added in hopes of branching out into international direct import support, but it didn't go as we had planned. I know that's not news you're looking for, but where things stand at the moment.

    Like 1
    • Nicole This is a pathetic response. You provide direct import for US banks - but not for the EU, even though we have a far more robust and supported open standard. Why are you dragging your feet over features you happily provide to US customers, but refuse to even look at for those of us to live elsewhere?

      This is a free, open, hardy standard. Why will YNAB not support it?

      Like
    • Hi Tetsugaku !

      We aren't refusing to look into direct import for international financial institutions - it's a long term goal that we hope we'll be able to achieve in the future. When the online version of YNAB first launched, we started with only a single import partner. We've since added two additional import partner with hopes of branching out to international providers, but we learned that feat is harder to accomplish than we initially thought. Our import partner supported several UK banks, but the connections had so much trouble - importing incorrect amounts, constantly running into errors - that they removed the options so they could improve their handling of international imports. They're still working on a solution, but they've let us know this won't be fixed anytime soon - they don't have the necessary tools to repair the integrations and keep them stable.

      In the meantime, if you find that YNAB doesn't suit your needs because of this, we completely understand. The nature of direct import is unstable and while we wish we had the power to make it exactly what we all want, we don't. It will be a long journey, but we're still staying on the path with hopes we'll reach the end at some point.

      Like
    • Faness is there anyway I can get a notification once UK banks are supported using Open Banking API's please? I'd like to subscribe again for YNAB services once this is done. 

      Like
    • Magenta Nomad If there’s a specific international institution you’d like considered, the best way would be to suggest it in the app, if you haven’t already!

      Like
      • Tomato Colt
      • Tomato_Colt.1
      • 9 days ago
      • 1
      • Reported - view

      Faness Please, change the answer as to why YNAB won’t provide syncing for banks in Europe.   It suggests that you have not looked at the requirements at all.  Many apps are developing their own solutions and Open Banking mean that Europe is completely different market to the US with  a wealth of “partners” you could use to help you wanted to go down this route.   Another solution would be to rebate all non US customers the cost of SyncforYnab or perhaps strike a deal with Scott Robinson to license the service to you.  Just hold back with the “we want to do this” as the actions or lack of from YNAB tell a different story.   I am still with you as I got the grandfather rates as a long term user.  My 3 children are going to leave when there subscriptions are up.

      Like 1
    • Hi Tomato Colt !

      Todd, our CPO, gives a few details on this topic in this forum thread. We do want to support international direct import, but as you can see from our status page, supporting the Direct Import feature as we have it now is an ongoing struggle for us. We're truly focused on improving the connections we do have now before we open this up to more options. I know that doesn't solve the issue for you in the moment, but I want you to know it's constantly on our minds for the future.

      Like
      • JG
      • YNAB User. Developer of other software.
      • jgo
      • 6 days ago
      • Reported - view

      Faness Nicole I see the previous reply said your "Direct Import Partner" only supports banks based in US/Canada.

      I saw a few weeks ago, that you change provider for direct import, does this change anything in the medium to long term?

      (I appreciate your short-term resources are committed to providing a reliable service for the existing direct import banks)

      Like
    • JG It does make it more likely that we'll be able to support international banks in the future! You're right, though, that it's not going to be a short-term thing. But I hope it's something we'll finally be able to do at some point.

      Like 1
  • Tetsugaku said:
    I don't pay my bank anything, but I pay you £7 a month - for what exactly?

     You are paying for a budgeting app. Not a bank import tracking app. 

    Like
    • MXMOM Actually if you live in the US you ARE paying for a "bank import tracking app" - as US customers can well see. I am puzzled as to why YNAB will not support such an easy to use standard - actually not that puzzled. YNAB puts development of useful features like this behind - hmm, not sure what in fact!

      Like
      • MXMOM
      • MXMOM
      • 8 mths ago
      • 2
      • Reported - view

      Tetsugaku actually I am not in the US either. But yes, I can see how that would be frustrating. My only thought is that YNAB is a proactive application whereas downloading transactions that have already happened is counterintuitive to the philosophy. But I don't work there, so I have no clue.  I have other issues (hello printing budget reports!!!) that I am championing. Good luck.

      Like 2
      • JG
      • YNAB User. Developer of other software.
      • jgo
      • 6 days ago
      • Reported - view

      John Smith Only YNAB know where the majority of their customers are based.

      If the majority are US based, unfortunately for the minority of us outside of the US, any features that don't benefit the main customer base are unlikely to be high priority - they will be investing in features for either the US or the whole customer base.

      Like
  • I've yet to see a reason WHY this open international standard is not being supported - other than the third party you already use dont have any idea how to do it.

    Which is a very very poor way to run a software company.

    Like 1
  • If any other users can add their voice maybe we won't sound like we are shouting into the ether.

    Like 1
  • I just cancelled my subscription due to lack of open banking support. Currently looking at alternatives like spendee etc but would prefer to go back to ynab if PSD2 support ever added.

    Like 1
    • Lavender Hail We're sorry to see you go, Lavender Hail and hope it's something we'll be able to offer in the future. 

      Like
  • I am in the US and my personal preference is to not use direct import.  Direct import should be an add on price if one chooses to use it since it is a service that YNAB apparently has to pay for.  If not an add on price then at least give non US customers a discount until their country is added to the service.  Other customers in the world cannot use it but they are subsidizing the US customers who have access to it.  I can definitely understand their frustration.  

    As I read the forum it seems like a good portion of the complaints are centered around connectivity issues with bank-x or bank-y and a lot of development/support time is used addressing those issues when so many other issues have not been addressed yet such as stealing from the future.

    Like 5
      • QC
      • HaplessFinanceProfessional
      • Queenofcoin
      • 6 days ago
      • Reported - view

      ynaber2613 If it were available to me, I wouldn’t use direct import. But I am aware that part of my subscription charge goes towards the upkeep and development of a feature I cannot use and it’s so frustrating. I also think DI should be charged as an add-on so that only users pay for the significant time and resources the company spends on it. 

      Like
  • Try: https://syncforynab.com/

    game changer for UK banks..

    Like 2
      • Anvil
      • anvil
      • 2 mths ago
      • Reported - view

      https://syncforynab.com  -  has anyone used that - do they seem reliable and legitimate? :)

      Like
      • Simmantix
      • Simmantix
      • 2 mths ago
      • Reported - view

      Anvil I’ve been using it for months now and the only bad thing is that the banks force syncforynab to re-establish the account link every 90 days but that is the bank, not the API. I don’t notice the integration, it happens in the background.

      Like
      • Anvil
      • anvil
      • 2 mths ago
      • Reported - view

      Simmantix Great - I'll give it a go. Thanks.

      Like
  • Nicole Do you see any reason it should be impossible to use YNAB's API to create my own Open Banking integration?

    Like
    • Hi Sea Green Wildcat !

      No, it shouldn't be impossible to use the YNAB API to work with your own Open Banking integration. A number of users have mentioned using the API to work with their specific bank.

      The API was developed primarily for people who are familiar with API setups and coding, but we can definitely see what we can do to help.

      The best place to start is our API Starter Kit, which may give you some resources. You can also post any questions you have here in the API & Integration section of the forum. :)

      Like 1
  • This my reason to unsubscribe from YNAB. I prefer the YNAB software but with free alternatives such as YOLT which is more convenient I have decided to unsubscribe from YNAB. Once YNAB delivers open banking api integrating with UK banks I will subscribe again.

    Like
  • I’m outside US, with accounts in Europe. The PSD2 norm is a revolution in open banking environment. Every month I notice new App providers with this capability. Still, I have not found yet one with YNAB philosophy. 
    I canceled my subscription quite time ago due to the heavy process of importing through CSVs. 
    I value players that follow innovation,  understand friendly usage on importing and managing info and relevant reports. 
    I was an YNAB user since almost beginning but due to this heavy process, the benefit from a payment service I felt not being proportional. 
    I’ll continue following you wondering to see the day you present such feature, because I strongly respect your path on the budgeting philosophy. 

    Like
  • Just to add my voice to chorus of people requesting this feature. I've been a user and subscriber to YNAB for several years. The lack of progress on this for UK banks, despite what seems like a single developer implementing it through 'syncforynab (at an additional cost of £4 per month), shows that it is imminently possible but clearly just not something YNAB are interested in. The whole idea of moving to a subscription model was that it would facilitate constant development, but clearly that isn't happening in this case. I'm afraid when renewal time comes round I'll be searching for an alternative.

    Like
  • 3rd party aggregators won't support PSD2, because they can't monetize it (the way they can monetize the lack of standards in North America). It would make sense for YNAB to develop this natively in the application and thus have a lower overhead.

    Like 3
  • this is the reason i left ynab 2 years ago
    and seams its still not happening.
    i like ynabs way of handling money but i am to lazy to import things manually.

    Like
  • I'll be leaving at my next renewal because of this, it's such an absolute time sink as a UK customer, with 8 different accounts to manually import and reconcile, it's just not worth the time when something SO bloody simple can't be implemented (coming from a software engineer).

    Like
  • I've been using https://syncforynab.com/ ever since I discovered it in the comments above. It costs a little bit of money, but compared to the time spent doing everything manually, it seems to be good value for me personally.  I think it also means I use my budget more and stick to it - which I don't think I would do if I was entirely manual!

    I'd love YNAB to support the open banking standards and do it natively, but this works well enough for me now not to worry too much. 

    Like
  • What I would like to see is YNAB represent its user base, embrace the Open Banking standard, and put pressure on US banks to adopt it.

    But YNAB is not a forward-looking company, so I'm not holding my breath.

    Like
Like7 Follow
  • 7 Likes
  • yesterdayLast active
  • 33Replies
  • 755Views
  • 22 Following