[moneydance] Please explain Moneydance online banking features for newbie

[Dave]

I was told that MD will not download all my online transactions at once
(from all my direct connect-enabled banks). In MS Money, I had about a dozen
direct connect banks set up. In Money, I click the "download" button once
and it gets all transactions from all banks for me and puts them all into
the appropriate accounts.

Will MoneyDance do this? (I was told that in MD you have to download from
each account separately.) Thanks.