To ensure a secure and hassle-free online experience while managing your money, Buxfer follows industry standard encryption techniques and best practices.
* Exceptions apply.Learn more.
Why do I need to enter my online banking username and password?
Your online banking username and password are needed if you wish to automatically sync your accounts with your banking institution. Unlike other hi-tech industries, the banking sector is a laggard and does not allow more secure ways of integration. So until banks get their act together, this is the only way for a software like Buxfer to get your data from your bank on your behalf.
Note that you can still use Buxfer without syncing your accounts. If you are wary of sharing your username/password, then you can still use Buxfer effectively by manually uploading bank statements. Learn more about uploading transactions.
Are my online banking username and password safe with you?
Your login information is not stored by Buxfer, but instead stored by our data aggregation partner, Yodlee. Once sent to Yodlee, Buxfer no longer has any access to your login information.*
Yodlee is a market leader in the financial technology industry, with a vast experience connecting to financial institutions. Through deep software and business integrations, Yodlee provides reliable and high quality aggregation of data from over 10,000 financial institutions all across the world. Yodlee adheres to leading financial industry practices for security, privacy, risk, and compliance management.
Yodlee banking platform disposes and tokenizes all credentials that are entered through the backend in a federally supervised method. As an FFIEC supervised Technology Service Provider, Yodlee follows the security and risk management standards required to engage with consumers and their financial data. Yodlee is supervised and examined by the OCC and all major banking regulators, and has undergone nearly 200 audits by financial institutions over a recent 24 month period. Yodlee is committed to its security infrastructure in the industry. Yodlee has been a leading provider of cloud-based financial technology services to global financial institutions and innovators for almost two decades. Yodlee's risk programs meet not only their expectations, but are also some of the most stringent security, privacy and compliance standards in the world.
* For a few institutions, with whom we have direct integrations, we will encrypt and store your login information in a secure, firewalled database. List of these institutions: USAA (Direct Connect), Franklin-Somerset FCU (Skowhegan, ME), State Farm Bank, Raiffeisen Bank (Hungary), Activo Bank (Portugal), Caixa Geral de Depósitos - CGD (Portugal), Zillow, Test Bank, Stripe.
Do you store any private information in the transactions I upload?
For OFX/QFX files, we store the following fields:
For QIF files, we store the following fields: