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No mention of how open banking works outside of the US, where (in the UK) bank transfers are basically instantaneous and free, and I can happily retrieve my pay
by AndrewDucker 1y ago
No mention of how open banking works outside of the US, where (in the UK) bank transfers are basically instantaneous and free, and I can happily retrieve my payments list to my budgeting app.
- rkomorn 1y ago> and I can happily retrieve my payments list to my budgeting app Is this a UK thing? I've been searching for something like Mint/Quicken in the EU and haven't found anything worthwhile because there doesn't seem to be a standard for budgeting apps to connect to banks.
- gripfx 1y agoI use the GoCardless API to pull transactions and balances into a Google Sheet. They have pretty good coverage for UK and EU it looks like [1] [1] https://developer.gocardless.com/bank-account-data/overview#coverage https://developer.gocardless.com/bank-account-data/overview#...
- erinnh 1y agoPSD2 is that standard. I personally use Finanzguru (for the German market, it supports many banks). Likely to be many others.
- rkomorn 1y agoSeems like my bank started supporting it last year. Will check it out. Clearly, I must have been searching wrong!
- AndrewDucker 1y agoA quick search shows this one is well regarded https://www.bilanceapp.com/ https://www.bilanceapp.com/
- rkomorn 1y agoInteresting... in that it apparently has the exact same limitations as my bank's built-in finance tracking feature (including being mobile-only).
- CamouflagedKiwi 1y agoYes, there is Open Banking in the UK: https://www.openbanking.org.uk/ https://www.openbanking.org.uk/ It's the UK version of PSD2 so there should be equivalent schemes in Europe. Not that it really is as open as many of us might like - the banks did a pretty good job of tying much of it up in red tape.
- graemep 1y agoOpen banking does that but it needs to be a provider. Some banks let you download in formats that let you then import into something. I have imported a lot into Gnucash from a downloaded file but its not smooth or complete (narrative needed fixing).
- marcus_holmes 1y agoAlso Australia.