Wondering if anyone is successfully using Bank feeds in Canada? Looking for strategies that work. The client banks at BMO and BNC and we’ve had a hard time making connections to either. We’ve tried both Plaid and MX with no real success. We did have a connection to BMO but using a bank card instead of normal account credentials but that has since stopped working. And at one point we were able to connect successfully using MX but the Refresh did not return any transactions on accounts that definitely had transactions. Very frustrating!
Question
Bank Feeds in Canada (BMO)
Hello
In 2024 R2 there is a new function to use Bank Feed from File using Secure SFTP. Have you explored this option with BMO Bank?
Regards,
Amaan Fazeer
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Thank you Amaan. I did see that earlier when R2 was announced but we still have another month before its rolled out for us. But good suggestion. Will contact the bank and see if they will support it.
Thanks!
Jeff.
Serving ERP clients for three decades
We arent able with MX at this time and we don’t know why!
Interresting!
I attached the list of institution of Plaid for Canada, if needed(we got it via Plaid API )
Raphael
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Thanks!
This client has opted to use the new SFTP functionality in 2024R2 and is working with the bank to get things set up before their Always Current Upgrade date in February.
So this should resolve the reliability issue but I agree with you that the update documentation leaves some gaps in the steps. It indicates that we will have to define the mapping manually.
So that will be fun!
Serving ERP clients for three decades
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Hello
Currently in 24 R2 csv file type is supported. There are plans to incorporate other file types such as BAI2 and VCF in future versions.
Regards,
Amaan
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