The Canadian government has apparently introduced a framework for sharing your banking data securely with third parties (budgeting apps, financial products) in an effort to eliminate this shady screen scraping and credential sharing that a lot of these kind of apps do. Hoping they actually follow through...
Having used Plaid, it is essentially web scraping as a service. It's an API built on top of very questionable access. It itself is not a formal API provided to you by the bank.
Whatever happened to the Quick Interchange Format(.qif)? It used to be common for all banks to support that. A modern variant today could just be a XML or JSON export, and I hardly see that either.
I did that for a while, but I always spent a lot of time retracing my steps to properly label most transactions.
I think I'll try the tool listed here, if it is simple enough to manually enter transactions I can do that every evening and get better data in the end than a monthly review.
Actual Finance (similar open source software) does this via SimpleFIN Bridge. It even supported connecting a credit card option that rocket money doesn't.
I don’t use an expense tracking tool - apologies if my question may is missing context.