Don't let your PC banking software talk to your bank

That was traumatic. For years I've manually entered banking transactions into Quicken, and manually reconciled statements. Thinking I might catch up with the times, I set up Quicken to connect directly to my bank tonight and boy was that a mistake. It royally fucked up my accounts in Quicken. It took off downloading stuff from March last year - stuff which has long since been reconciled - and started entering over a year's worth of transactions as "new". It couldn't match any of the stuff I'd entered by hand and at the end of it, I was several tens of thousands in overdraft according to Quicken.
Fortunately, I had the foresight to create a backup before I started so I'm back to normal now, but if that's the face of PC banking instead of web banking, I think they can keep it.
Not least of which, when the bank cocks up (which they do), if I blindly accepted everything it told me to into Quicken, I'd never find the mistake. As it is, doing it by hand, then checking it once a month against the statement helps find big errors (like the $1900 lunch last year which should have been $19).


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