How to set up online banking in Money for a financial institution that does not appear in the list

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Article ID: 836196 - View products that this article applies to.
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INTRODUCTION

This article describes how to set up online banking in Microsoft Money for a financial institution that does not appear in the list when you set up accounts.

Microsoft is continually working with financial institutions and updates the list of available financial institutions on http://www.microsoft.com/money/bankonline.aspx as their status changes.

MORE INFORMATION

When you set up accounts in Microsoft Money 2003 or later versions, your financial institution may not appear in the list. You may still be able to use the online banking features in Money if your bank offers financial statements for online download in Open Financial Exchange (OFX) or in Quicken Interchange Format (QIF). To determine if your financial institution offers downloadable OFX or QIF financial statements, contact your financial institution.

After you confirm that OFX format or QIF format files are available, you have to set up and configure an account in Money. To do this, follow these steps:

Money 2003 and 2004

  1. In Money, click Account List.
  2. Click Set up accounts.
  3. Click Add a new account.
  4. In the Assign a financial institution dialog box, click Held at, type the name of the financial institution, and then click Next.
  5. When you are prompted to confirm the name of the financial institution, click (Not Listed), and then click Next.
  6. Click the type of account that you want to add, and then click Next.
  7. Type a name for the account, and then click Next.
  8. Type the account number, and then click Next.
  9. Type a balance in the What is the balance for this account? box.
  10. In the What is the currency for this account? drop-down list box, click the currency that you want to use, and then click Next.
  11. If you have other accounts that you want to set up, click I have other account at this institution, and then click Next.

    If you have no other accounts at this financial institution, click I have no other accounts at this institution, and then click Next.
  12. Click Finish.
  13. On the "Set up your accounts in Money" screen under Common Tasks, click Work with an account.
  14. Right-click the new account, and then click Account Details.
  15. Click Update contact info for this bank or broker.
  16. In the Internet Address box, type the URL for the bank Web site.
  17. Click Done.

Money 2005 and 2007

  1. In Money, click Account List.
  2. Click Add a new account.
  3. Select the type of account.
  4. In the Select a bank or brokerage dialog box, click the link My bank or brokerage isn’t listed in the bottom left corner.
  5. Click the type of account that you want to add, and then click Next.
  6. Type a name for the account, and then click Next.
  7. Type a balance in the box What is the balance for this account , and then click Finish.
  8. Right-click the new account and then click See Account Settings.
  9. In the Financial Institution box, type the name of the Financial Institution where the account is held.
  10. Type the account number.
  11. Click the link Update contact info for this bank or broker.
  12. In the Internet Address box, type the URL for the bank Web site.
  13. Click Done and then Done again.

After you set up the appropriate account, you have to connect to your bank Web site to download the financial statements. After you download your statements in OFX or in QIF format, these statements will be automatically integrated into your Money file. To connect to your bank Web site, follow these steps:
  1. Click Account List.
  2. Click the account that you want to connect to, click Connect to bank, and then click Go to bankname Web site, where bankname is the name of the financial institution where the account is held.
  3. Type your identity and password.
  4. Follow the instructions that appear on the screen to download your account information in OFX format or in QIF format.

Properties

Article ID: 836196 - Last Review: August 2, 2007 - Revision: 5.1
APPLIES TO
  • Microsoft Money Essentials
  • Microsoft Money Plus Deluxe
  • Microsoft Money Plus Home & Business
  • Microsoft Money Plus Premium
  • Microsoft Money 2007 Deluxe
  • Microsoft Money 2007 Home & Business
  • Microsoft Money 2007 Premium
  • Microsoft Money 2006 Deluxe
  • Microsoft Money 2006 Premium
  • Microsoft Money 2006 Small Business
  • Microsoft Money 2006 Standard
  • Microsoft Money 2005 Deluxe Edition
  • Microsoft Money 2005 Premium Edition
  • Microsoft Money 2005 Small Business Edition
  • Microsoft Money 2005 Standard Edition
  • Microsoft Money 2004 Deluxe Edition
  • Microsoft Money 2004 Premium Edition
  • Microsoft Money 2004 Small Business Edition
  • Microsoft Money 2004 Standard Edition
  • Microsoft Money 2003 Deluxe Edition
  • Microsoft Money 2003 Deluxe and Business Edition
  • Microsoft Money 2003 Standard Edition
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