11–13 of 13 posts
In the state of California I've setup a few business checking accounts, all through Chase. Primarily LLC's and or Corps. Zero issues simply by bringing required items listed on their website. On average ~30 minutes to setup checking account - and I have checks in hand with a debit card being sent.
I'm located in Europe. I wrote about this here in the wider context of accounting: https://bjoernkw.com/2016/04/03/accounting-in-2016/ Not much has changed since then. I still can't have my accounting software automatically import bank statements from my business account. I need to manually log in to the online banking app, download a CSV export file, convert that to an MT940 file (using https://github.com/msc01/soac…
PSD2 background: https://www.finextra.com/blogposting/12668/psd2---what-chang...
I'm located in Europe. I wrote about this here in the wider context of accounting: https://bjoernkw.com/2016/04/03/accounting-in-2016/ Not much has changed since then. I still can't have my accounting software automatically import bank statements from my business account. I need to manually log in to the online banking app, download a CSV export file, convert that to an MT940 file (using https://github.com/msc01/soac…
Given you're in Europe, are you seeing any change from PSD2? New service providers offering the service you outline? PSD2 background: https://www.finextra.com/blogposting/12668/psd2---what-chang...
However, in terms of data access they create another obstacle because while previously you could at least do screen scraping for automatically retrieving data that option is no longer available either because a human being has to interact with the bank-issued 2FA device / mobile app.
The bank I use actually provides an API now: https://developer.commerzbank.com/en
I'll have to delve further into the documentation to see if it suits my needs.
Thanks for pointing that out. Maybe, there's hope yet after all :-)