can iBank process web downloads from canadian banks

have a Macbook and want to use it with a CIBC account

  • Asked by Sheila P from Burlington
  • Jan 14, 2012
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1 Answer from the Community

  • Answer

    Some (but not all) Canadian banks allow customers to download their transactions in formats which can be imported by iBank. If CIBC offers any of these file types (QIF, CSV or OFX), you can use iBank's built-in browser to get your transactions via the web download method.

    CIBC (like most Canadian banks) does not support Direct Connect, typically used in the U.S. for downloading. Some large American banks charge monthly fees for this service, so even many U.S. iBank users rely on the web download process outlined above as it imposes no extra cost.

    • Answered by Scott B from Putney
    • Jan 18, 2012