We’ve launched another great new feature tonight: if your bank or credit card isn’t listed as supported in Wesabe, you can add it yourself in under a minute. Why wait months for someone else to decide if they want to help you with your money or not, when you can be up and running in minutes?
We have always tried to be as inclusive as possible in listing every bank, credit union, and credit card, anywhere in the world, and we already have about 5,000 banks and credit cards around the world supported within our system — more than other sites, in most cases thousands more. The only requirement we have is that they provide one of the export formats we support (currently OFX, a.k.a. “MS Money,” QFX, a.k.a. “Quicken”, QIF, or OFC). We also make automatic downloads available to more people than ever before, using our Firefox Uploader, for the banks that support one of those formats. On top of that, we provide automatic currency conversion for all of the world’s major currencies — now over 180 currencies total.
But, there are still plenty of banks, credit unions, and credit cards around the world that we don’t yet list — either we don’t know about them or we just haven’t gotten to adding them yet. For new users, this means that they have had to write to our support line, and wait for us to add their bank. Often we do that in under one business day, but that’s still too long of a wait.
Now, that wait is gone. Simply by filling out a three-question setup form, any bank that supports one of our import formats can be added immediately.
For security reasons, a bank you add is only visible to you until we review and approve it. But, you can use it right away with either manual upload on the site, or in the Firefox Uploader.
I’ve talked before about why we’ve built our own data import system, rather than contracting out to a third-party data middleman service. One of the reasons I always mention is that building our own system allows us to control the results, and give you more control over your own data and experience by extension. This is another example of how owning that system allows us to provide you with better support — unlike other sites, we don’t have to pay anyone to add a new financial institution, nor do we have to outsource an update development process in order to laboriously add that support. In under a minute, you can add your own bank to Wesabe, and for almost any bank out there, you can automate your uploads with just a few clicks. No waiting. Full convenience.
We’re putting the finishing touches on some more new features that take even greater advantage of the data import system we’ve built. I’ll admit that building from the ground up has meant we’ve had some construction noise from time to time. 🙂 But now that the foundation is solid and the walls are rising, you’ll find that Wesabe gives you the most control over your financial data, and the best choices for handling your private credentials so that you’re comfortable and secure. We can give you the best experience because we own it top to bottom, and we love seeing that pay off for you. I hope this helps.