When should I connect to Chase through Mastercard and when should I connect through Ledgersync's Premium Bank Connections?

Question:

When adding Chase accounts, I noticed that I did not have the option to choose which accounts I wanted to connect, I had to connect both accounts that were under the login.

Note:  We are assuming the question is asking how do you choose which accounts to pull into Ledgersync when connecting to a financial institution. It is important to know that all accounts that are visible through your security credentials will be pulled into Ledgersync. The only exception to this are the new OAuth connections through Mastercard which will ask you to select which accounts you would like to provide access to.

Answer: 

There are two different connections types with Chase Bank in Ledgersync. Depending on the information you wish to fetch, you may need to connect twice for all available information.

Fetching Transactions - MasterCard 

Through our connection with MasterCard we are only able to fetch transaction information. The Chase API does not currently support any images including Statements, Checks, or Deposit images.  When connecting for this information, you can preselect the institution before asking your client to make the connection.  Once you login by providing your security credentials, it will fetch ALL accounts that are accessible under those credentials.  If you do not wish to see all accounts, you can delete certain accounts after they load. The only exception to this are the new OAuth connections through Mastercard which will ask you to select which accounts you would like to provide access to.

Fetching Statements - Ledgersync Premium Banks

Ledgersync has custom coded our own statement fetcher so we can provide access to bank statements.  This requires a second connection to Chase through our Premium Banks.  If you are looking for both the transactions and the statements, we have customized the workflow for Chase to ask you if you also want the Statements after you connect and sync for the transactions.

How to Delete Specific Accounts:

At this time,  the Ledgersync API does not allow you to preselect the bank accounts that you want, rather you can delete the bank accounts that you don’t want after accessing all accounts by:

After selecting the client from your list:

1: Select Bank Account from the top menu

2: Select Summary from the drop down menu

3: From the list of accounts, click the Trash Can icon on the line with the account you want to remove.

• Related Articles

• What Bank Connection to Choose - Ex/ Mastercard API, Ledgersync Premium, MX

  Purpose LedgerSync offers multiple bank connection options to ensure you can access the financial data you need. Choosing the correct connection type helps ensure reliable access to: Bank statements Transactions Check images This article explains ...

• If a bank has already been connected, will all new accounts be auto added to Ledgersync?

  If a client already connected a bank to Ledgersync and the client adds new accounts under the same login details, will the new accounts be added automatically in Ledgersync? It’s a very good question and the answer depends on the type of connection ...

• Chase Statements — Secondary Account Transactions Appearing on Primary Statement

  Overview: If you notice that your Chase bank statement inside LedgerSync contains multiple sections — one for your primary account and additional sections for any secondary accounts under the same login — this is expected behavior, not an error. This ...

• Chase Statements- Why Need Account Owner Access

  Why Connect Chase Using Accountant Access When You Have READ ONLY ACCESS? What is the value add and purpose of asking clients to connect to Ledgersync when you can access Chase with restricted access by yourself? Overview Chase Bank requires that ...

• Third Party Access Chase Bank

  If you your client is using Chase and you have READ ONLY ACCOUNTANT ACCESS.. Your client can enable Third Party Access and allow you to use YOUR READ ONLY ACCESS and connect with Ledgersync. Follow the steps below. 1) Your client creates the ...