How often are transactions synced to my budget?
When you first set up Budget Feeder and connect it to your bank accounts, your transactions are immediately synced to your budget accounts. After that, transactions are synced once per day.
Why can't I sync manually, or more than once per day?
The Bank Feeds that make transaction syncing possible in Australia are currently powered by Direct Access to online banking portals. In order to have a low impact on these online banking portals, we are restricted by our provider to a single sync per day.
What improvements do you have planned for the future?
The Australian government is currently planning and rolling out Open Banking legislation. This means all Australian banks will be required to provide more reliable transaction data to third parties like Budget Feeder. The rollout starts late in 2020 and will take a few years to become widely available. The company that provides our bank feeds, illion Open Data Solutions, is heavily invested in Open Banking, and has full plans to make use of it once it's available. Here at Budget Feeder we intend to leverage Open Banking, if feasible. This should make transaction sync more reliable, and make it possible to sync transactions sooner.