Downloading Transactions Directly into Quicken
Using Quicken can make managing your finances easier—even more so when you can connect your Quicken software directly to your financial and banking institutions to access your account.
Quicken's digital tools include paying your bills online and downloading a record of your financial transactions. It also offers a service called Direct Connect that lets you quickly import transaction data directly from your bank or other financial institution. This will save you the time and effort required to enter that data manually.
Quicken's Direct Connect Option
Quicken offers two basic ways to connect the software to your financial data: Direct Connect and Web Connect (also called Quicken Connect for Mac).
Direct Connect, as you might guess, connects directly to your financial institution from Quicken software. With Web Connect, you need to navigate to your financial institution's website, download your data, and then import it into Quicken.
Quicken will always try Direct Connect first when connecting bank accounts. Since this option permits real-time money transfers, your bank will probably require a phone call from you before they set it up.
If your bank isn't a Quicken partner and doesn't offer Direct Connect, then you can use Web Connect to access your financial data.
Check If Your Bank Allows Direct Connect
You can check to see if your financial institution allows transaction downloads by viewing Quicken's financial institution list, which you can see by pressing CTRL+F on your keyboard and typing in the name of your bank. If you suspect your bank isn't showing up when it should, force Quicken to refresh the list of financial institutions by following these steps:
- In Quicken, select Tools, then Online Center.
- Hold CTRL+SHIFT and click Contact Info.
- In the resulting dialog box, choose Download FI List and hit Refresh.
- Then restart Quicken and update the software.
You can also find out whether your financial institution supports Quicken on the web by reviewing the Intuit OFX Connectivity page.
Using Web Connect to Download Transactions
If one of your financial institutions isn't listed, you can still avoid manually entering transaction data by using Web Connect. When Quicken attempts to connect to a financial institution that doesn't support Direct Connect, it will attempt to use Web Connect, which is the most common connection type.
You can also automatically enter transactions and update balances in Quicken by logging into your financial institution account through its website and looking for a "Download to Quicken" link or button, or a link for "Web Connect."
How to Tell Which Connection Option You're Using
If you've already set up Quicken and you're curious about which connection method your account is using, it's easy to find out.
- In the upper left of your screen, click the Tools menu, then select Account List.
- Next, click Edit on your account.
- Choose the Online Services tab at the top.
If you're on a Mac computer, you'd click Settings after selecting your account.
Downloading and Importing Transactions Using Other File Formats
There are other methods for downloading and importing transactions yourself, including options for other financial software products, such as QuickBooks or Microsoft Money, and other file formats, such as a comma separated values (CSV) file. Note that not all file formats can be imported into Quicken.
These file import options may be found in your account transactions view, in a side menu or at the bottom of the web page. You may also have the option to select a date range for the transactions to be downloaded.
How Secure Is Your Data?
Some financial software users prefer to download their transactions using this method since the security of the data is entirely in their hands. However, whether you download directly into your software or do the work yourself, the data is always encrypted and is very secure. No one at Quicken ever sees your financial information.
Quicken requires passwords to access bank information, and gives you the option to password-protect your Quicken Data files. It also encrypts your password and login information when using automated Web Connect downloads and transmits your data using secure socket layer (SSL) technology.
Quicken Help. "Connection Types in Quicken." Accessed March 8, 2020.
Quicken Help. "Which Banks Are Supported in the latest Release of Quicken?" Accessed March 8, 2020.
Quicken Help. "How To Activate a Web Connect Account." Accessed March 8, 2020.
Quicken Help. "How Quicken Protects Financial Information." Accessed March 8, 2020.