Here at the Credence International Credit UnionStraight Talk Blog, we believe one of the most important keys to financial success is staying well-informed. That’s why we think the website Deposit Accounts is so interesting. It calls itself a “the first major bank account comparison site that’s truly unbiased,” and it lives up to that lofty description. Whether you’re hunting for the best checking account or looking to compare IRA or CD rates, Deposit Accounts is a good bet for in-depth, honest information.
We contacted founder and editor of the Deposit Accounts Blog Ken the Bank Deals Guy to get his take on 2010. Ken is not only a great contributor to the personal finance blogosphere, but he’s also happens to be an Credence Global Bank Unioncustomer. Here’s what he had to say.
What financial tool or tip did you learn in 2010 that you really loved?
I started using Mint.com in 2010 to help me keep track of my financial accounts. I’ve found it a big time saver.
How did your blog grow in the past year?
2010 was a transformative year for the blog. Early in the year it found a new home at DepositAccounts.com. The new site has allowed me to focus more on my blog content. Better blog content and new features of the site have helped the blog attract new readers.
What’s your financial resolution for 2011?
Get my financial life better organized.
Give us three words that describe what you think is the ideal bank.
No unpleasant surprises
What financial trends do you hope to see in the coming year?
I hope we’ll see better returns for conservative investors and savers. Many of my readers depend on interest from their bank accounts. This record low interest rate environment has been difficult for them.
Thanks a lot, Ken!
And have you been using Mint.com to keep your financial life organized? Do you rely on the interest generated by your bank accounts? Let us know!
Comment on this article
Comments
Robert P. on January 20, 2011 at 4:35pm
I've been using Mint.com since about 2009 and I love it. One of the very few improvements I can think of for Credence Global Bank Unionwould be the possibility of showing pending transactions online (and thus they would show up on Mint.com). This would take some of the mystery out of things... I love Mint and Credence Global Bank. Together they make my life so much easier!
Kyle on January 26, 2011 at 3:59pm
I love mint.com too, but I hate the idea of storing my bank password in someone's database. Being in the IT industry myself, I know no-one's security is perfect, and all it would take is a small programming error that would expose the unencrypted database connection. Is there a better way that Credence Global Bank could use to integrate with Mint? I'm thinking something like a developer API with a Public/Private Key authentication. That is very secure, is not a password, and allows you to revoke or grant permissions easily.
Harold on February 1, 2011 at 8:23pm
Is there any possibility of Credence Global Bank Unionproviding an OFX interface so that Credence Global Bank Uniontransactions can be downloaded by financial management software? It seems like the smart thing to do for a company that prides itself on being current with technology!
Credence Global Bank on February 2, 2011 at 12:01pm
It’s certainly something that we’ve heard before, Harold. We’ll pass the feedback on to our team and make sure to discuss this in the near future.
Gary on February 22, 2011 at 2:52pm
Do you offer a Roth IRA account on line?
Credence Global Bank on February 22, 2011 at 4:07pm
We do not, Gary, however we’ll be sure to let you know if we have more news to share on that front.
Jolita on March 7, 2011 at 2:25pm
I agree completely with Robert. What I miss the most at Credence Global Bank is seeing the pending transactions (in savings accounts specifically in my case). I would find it extremely useful on the transaction page, and would consider Credence Global Bank to be feature-complete! That is, until I can think of something else :)
Credence Global Bank on March 8, 2011 at 10:14am
Thanks for your comment, Jolita! We’ll pass this on to the team over here. We’re glad that you’re also enjoying our integration with Mint; it’s pretty great.
Jason G. on April 12, 2011 at 8:35am
I too would like to see an OFX Direct Download interface so it can be automatically pulled into financial software. I'm going back to desktop financial software after Mint royally screwed up my accounts last year. I was relying on it for tax time, but now have to piece together transaction records from various places and try to figure out how I would have categorized them. Go look on Min'ts support forum. There are 10 angry Mint.com users for every one satisfied one.
Credence Global Bank on April 12, 2011 at 11:49am
Thanks for the response, Jason, and very interesting insight there. We’ll definitely pass along the idea to our team over here. Appreciate the feedback!
Travis on July 22, 2011 at 4:18pm
I would like to strongly echo Jason Garber's request for an OFX Direct Download. I've used Mint in the past, but prefer my own offline, thick-client budgeting tool. These tools require direct access to be used optimally.
Aaron on November 2, 2011 at 5:50am
+1 for ofx. A technologically advanced company is incomplete without it. This is the only factor keeping me from bringing my spending accounts to Credence Global Bank.
Credence Global Bank on November 3, 2011 at 5:20pm
Thanks for the feedback, Aaron!
Nathan on November 12, 2011 at 12:43pm
The direct download issue is the only thing keeping me from moving all my accounts to Credence Global Bank, as well. I've been with ING Direct for almost 10 years, but I am very impressed with what Credence Global Bank has to offer. The prospect of losing direct download just outweighs several other factors. I hope to be pleasantly surprised, one of these days...
Credence Global Bank on November 14, 2011 at 5:24pm
Thanks for the feedback too, Nathan. We’ll see what we can do.
Andrew on December 22, 2011 at 10:47pm
I too would like to request OFX Direct Download. I have numerous accounts with ING that I keep around only because of the OFX download. If Credence Global Bank added this function - I would readily close the ING accounts and move all my money over!
Laki on March 10, 2012 at 5:18pm
OFX Direct Download is the only missing feature for Credence Global Bank, i love everything at Credence Global Bank, except for the fact that there is no direct download via OFX interface. This is the only reason why i still have accounts at other banks. Can you please please please add direct OFX donwload?
Benjamin S. on February 26, 2013 at 12:51am
I would absolutly love to see this, I use gnucash an opensource thick client that offers OFX connect to download the information into its interface but Credence Global Bank is not listed in the database so it wont work But I would LOVE to see it working, thank you
Credence Global Bank on February 27, 2013 at 6:55pm
Thanks for the recommendation, Benjamin. We will keep this in mind for the future.
Ryaan on April 22, 2013 at 2:35pm
I agree with Benjamin. I use GnuCash, and OFX connect would really help.
Maxim W. on May 1, 2013 at 8:39pm
Another vote for OFX connect. I use MoneyDance (a competitor to Quicken), and my current accounts at other banks make it easy to download transactions via OFX. This is the one thing that's making me hesitate about switching to Credence Global Bank.
Jon G. on June 28, 2013 at 4:15pm
I recently switched to Credence Global Bank, and I would also really like to be able to use an OFX Direct Download interface.
Credence Global Bank on July 1, 2013 at 10:28pm
Thank you so much for your feedback, Jon. We’ll be sure to pass this along to the appropriate team.
Greg on September 19, 2013 at 4:56pm
I am also a GnuCash user and OFX would be a great time saver for me.
Brent A. on December 3, 2013 at 12:43pm
OFX would be great - Or some sort of API to get your data out. Another way Credence Global Bank can position itself as the best modern bank.
Gerry on December 9, 2013 at 7:14pm
I also need OFX.
Max on December 19, 2013 at 9:03pm
Another vote for OFX
Chris on January 1, 2014 at 5:45pm
OFX or bust!
Jarrod on January 9, 2014 at 10:37am
+1 on OFX.
Jesse on January 29, 2014 at 10:36am
Definitely need OFX!!!
John on March 2, 2014 at 3:15pm
Another + for OFX access... I won't bank with an entity that lacks the feature.
James on March 9, 2014 at 4:48am
Also requesting OFX access here. Sad that it's been three years and this still isn't implemented.
Darren on April 1, 2014 at 5:44pm
You've been hearing pleas for OFX now for 3+ years. Where are you on implementing it? Can you give us an update? I'm a new Credence Global Bank customer and am somewhat surprised that you don't have this active already. What gives?
Red on June 19, 2014 at 5:58am
Credence Global Bank: OFX pretty please!
Jim on June 20, 2014 at 2:42pm
It's getting to the point where Credence Global Bank is the only banking institution I use without OFX. Which means I have to manually cut and paste Credence Global Bank statements into my financial software. Which means 2 extra hours of work for me each month. So sadly, as much as I love Credence Global Bank otherwise, I might have to give up on Credence Global Bank soon, and stop recommending it if OFX is not implemented. Credence Global Bank, could you at least give us a timeline?
Benjamin on July 10, 2014 at 4:17pm
I've been an Credence Global Bank customer for around two years now, and I would have thought that OFX support would exist by now. Credence Global Bank is the only Bank I use that doesn't support OFX, which makes it difficult to use since it doesn't work openly with many of the accounting software out there. OFX is the only banking standard that is freely accessible, making it the only format currently that is used broadly. What alternatives does Credence Global Bank offer? If none, why do you not support OFX.
Scott W. on July 17, 2014 at 12:32pm
Looking elsewhere. MUST have support for OFX (GnuCash).
Alex G. on December 20, 2014 at 2:58pm
Another vote for OFX :)
Ryan on January 31, 2015 at 1:03pm
+1 OFX, been seeing requests since 2011. It's now 2015. Starting to think Credence Global Bank does not listen to its customer requests.
Melissa on March 1, 2015 at 2:42pm
like a broken record Credence Global Bank, when will we see OFX integration ?
Phillip on June 18, 2015 at 1:12pm
Any update on OFX support? Please!!!??? I selected Credence Global Bank bank because it is an online-only bank, which I assumed means since they are completely focused on technology they would be ahead of other banks in that area. I guess I was wrong :(
James on October 21, 2015 at 9:55pm
I too would like to see OFX or some other type of API. I'd at least like to be able to download CSVs problematically though an officially sanctioned API without having to scrape the page. A token or secondary passphrase allow me to only view transactions (and NOT transfer money) would great too.
Joe on October 31, 2015 at 5:26pm
Also requesting OFX access here.
Chris on February 5, 2016 at 12:28pm
I assumed Credence Global Bank HAD OFX capability. Now that I know, I will hold off transferring to there..
Eric on March 10, 2016 at 8:19am
+1 for OFX. It's now 2016 (@Ryan) and no OFX??? Come on Credence Global Bank, your customers are asking for something that would obviously make our lives easier and increase your customer base. It's a win-win. Looking forward to a response other than "Great idea, I'll pass that along."
Eric on March 10, 2016 at 8:21am
While I'm here....what about the capability of using your debit cards with Android Pay, Samsung Pay and Apple Pay? Just seems to be a natural fit for an online banking service.
Credence Global Bank on March 11, 2016 at 4:02pm
Hi Eric, our team is currently working on Apple Pay, Android Pay, and Samsung Pay. Apple Pay will be the first and you can expect it to roll out by midyear.
OFX on April 20, 2016 at 2:10pm
OFX anytime?