BankConnector vs Method Financial
BankConnector
bankconnector.comMethod Financial
methodfi.comSide by side
| Figure | BankConnector | Method Financial |
|---|---|---|
| Price from | €100/mo | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| API | Yes | Yes |
| Plans published | 3 | 0 |
| Spec score · Bank Connectivity Software | 8.3 (#6) | 7.3 (#33) |
| Payments | It accepts canonical JSON and converts payment instructions to the ISO 20022 format required by each bank. | Method Pay supports loan payoff, bill payment, and balance transfers, with payment tracking from pending to posted. |
| Product | BankConnector provides bank integration as a service through an API and ready-made ERP add-ons. | Method provides connectivity to consumer credit and liability accounts with embedded payments, real-time account data, and one-click checkout. |
| Security | The security page describes per-record AES-256-GCM encryption, tenant isolation enforced with PostgreSQL row-level security, and an append-only, hash-chained audit journal. | Method's Trust Center lists CCPA, GLBA, PCI DSS, and SOC 2 Type 2 compliance frameworks and certifications. |
| Support | The pricing page includes support and an SLA in all packages; the Uniconta partner page lists technical support by email and phone. | Method directs users to [email protected] for more comprehensive security and compliance information and Trust Center help. |
Plans
In their own words
BankConnector
BankConnector provides bank integration through an API and ready-made ERP add-ons. It accepts payment instructions as canonical JSON, validates them against ISO 20022 schemas, business rules, and bank-specific requirements, then converts them to each bank’s required format. The site lists 308 banks in 55 countries. Supported connection methods include EBICS, SFTP, Danske Bank Webservice, Nordea Corporate Access, OP Webservice, and Bank Connect. It returns payment confirmations and provides incoming transactions and balances daily, or live where a bank supports it. Data includes payment statuses, balances, and daily or intraday statements in formats such as pain.001, camt.053, MT940, normalized JSON, and CSV. A ready-made Uniconta add-on supports paying, approving, and reconciling in the Uniconta Windows client. Sandbox use is free and unlimited, and the first 10 production payments are free with no card or time limit. Monthly plans are 100.00 EUR, 250.00 EUR, and 500.00 EUR, excluding VAT.
Method Financial
Method Financial has no write-up on Specifiction yet; its figures are above.