Microsoft KB Archive/196570

Money 98: How to Convert to Open Financial Exchange (OFX)

PSS ID Number: Q196570 Article last modified on 03-21-1999

WINDOWS:

WINDOWS

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The information in this article applies to:

 == Microsoft Money 98 == 

= SUMMARY =

If you use Online Services in Money and your financial institution or online service provider changes their service to use the Open Financial Exchange (OFX) format, you need to update your Online Services setup.

= MORE INFORMATION =

NOTE: To use the steps in this article you need to have an Internet connection. For information about how to connect to the Internet, click the Help menu, click Help Topics, click the Index tab, type “internet service provider” (without the quotation marks) in the “Type the first few letters of the word you’re looking for” box, and then click Display.

To change to the OFX format in Money, disable your current Online Services, and then download the latest information from your financial institution or online service provider. To do this, follow these steps:

  On the Money navigation bar, click Online Banking.   Click Online Banking & Investments, and then click the financial institution you want to configure.   Click Getting Started, and then click Change Online Services.   If your financial institution allows you to specify the services provided for each account, such as CheckFree Services (CFS), Open Financial Connectivity (OFC), and some Open Financial Exchange (OFX) financial institutions, follow these steps. If your financial institution does not allow you to specify services for each account, continue to step 5. If your financial institution does not allow you to specify services for each account, follow these steps:  Click the following option, and then click Next.

Modify Online Services for an account. Use this option to setup new services or add services to a new account. <ol start="2" style="list-style-type: lower-alpha;">  Click Next until you see the “Select the account you would like to setup for online services” dialog box. </li>  Click the account you want to configure, and then click Next. </li></ol>

NOTE: Each account that uses Online Services has a lightning bolt icon next to the account name. <ol start="4" style="list-style-type: lower-alpha;">  Click to clear the Online Statements and Online Bill Payment check boxes, and then click Next. </li>  When you are prompted to disable the service, click Yes. </li>  Repeat steps A-E for each account for which you want to disable Online Services. </li>  Click Next, and then click Finish. </li></ol> </li>  For financial institutions that use an account list to enable specific accounts for online services, such as VISA/Integrion and some OFX financial institutions, follow these steps: <ol style="list-style-type: lower-alpha;">  Click “Cancel Online Services for all accounts,” and then click Next. </li>  Click Yes, click Next, and then click Finish. </li></ol> </li></ol>

NOTE: All references to past electronic transactions are changed to manual transactions in the account. Any existing Automatic Payments (Apays) in the Bills Calendar are converted to manual recurring payments. You cannot use Money to inquire about electronic payments (Epays). To inquire about any Epays, contact your financial institution or Money service provider to find out about any electronic transactions for your account(s).

After you complete the conversion process, you can recreate your Apays in the Bills area.

To enable Direct Financial Services, follow these steps:

<ol style="list-style-type: decimal;">  In Online Banking and Investments, click Getting Started, and then click Investigate Offerings. </li>  Follow the instructions on the screen to configure the latest direct services that the financial institution offers. </li>  Click Review Service Details. </li>  Click Next until you see a dialog box that prompts you to select the service you want. Click the account that does not have the lightning bolt icon next to it. (The financial institution that has the lightning bolt icon next to it is the old online services.) </li>  Click Next, and then click Finish. </li>  Read the information on the screen, and then click Finish. </li>  Click Read Signup Information, read the information on the screen, and then click Finish. </li> <li> Click Change Direct Services (or Setup Online Services). </li> <li> Follow the instructions on the screen, and then step through the wizard. NOTE: Confirm all personal information based on the latest information sent to you by your financial institution or Money service provider. </li> <li> When you are prompted by the Money 98 New Component Needed dialog box, click Launch, and then view the following Web site: </li></ol>

http://www.microsoft.com/money/ofx

NOTE: If you do not connect to your Internet service provider (ISP) automatically, connect manually, and then view the Web site listed above.

<ol start="11" style="list-style-type: decimal;"> <li> Quit Money. </li> <li> In your Internet browser, click the “Click Here to Update Money 98 Now” link, and then follow the instructions on the screen to install the OFX driver. </li> <li> Restart Windows. </li></ol>

Additional query words: w_money 6.0 woody ofx amex discover 1st tech first checkfree american express

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========================================================= Keywords : kbsetup kbtool kbonline kbimu kbfaq Version : WINDOWS: Platform : WINDOWS Issue type : kbhowto kbinfo ============================================================================= Copyright Microsoft Corporation 1999.