Bank of America $9.95 monthly fee.

Posted by Shorty on February 11, 2008, 2:34 pm

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> You do not have to pay Bank of America for downloads. I believe you are

> paying for direct connect which would also allow you to issue payments

> within Quicken. You don't need this service and you can download (for FREE)

> from Bank of America web site.

> > My wife has a B of A account on which usually has 2 transaction per

> > month plus a $9.95 fee. The transactions are 1 check and her Social

> > Security deposit. I had been downloading them into Quicken which

> > generated the fee. When I called about it they told me that there was

> > no fee if I used Money, only Quicken. So I tried it on my trial Money

> > and the download worked just fine. IMHO Quicken is not worth the

> > additional $119 annual fee.

> > Shorty

Thanks for the info. I told them I write no checks on that account
online and they canceled the charge. I personally deal with a small
local bank that charges me no fees, a human answers the telephone and
they have nice fresh cookies every Friday.

Shorty

Posted by Oilcan on February 11, 2008, 5:00 pm

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I'd stick with the small local bank with cookies! (smiles)

Oilcan

>> You do not have to pay Bank of America for downloads. I believe you are

>> paying for direct connect which would also allow you to issue payments

>> within Quicken. You don't need this service and you can download (for

>> FREE)

>> from Bank of America web site.

>> > My wife has a B of A account on which usually has 2 transaction per

>> > month plus a $9.95 fee. The transactions are 1 check and her Social

>> > Security deposit. I had been downloading them into Quicken which

>> > generated the fee. When I called about it they told me that there was

>> > no fee if I used Money, only Quicken. So I tried it on my trial Money

>> > and the download worked just fine. IMHO Quicken is not worth the

>> > additional $119 annual fee.

>> > Shorty

> Thanks for the info. I told them I write no checks on that account

> online and they canceled the charge. I personally deal with a small

> local bank that charges me no fees, a human answers the telephone and

> they have nice fresh cookies every Friday.

> Shorty

Posted by sharx35 on February 11, 2008, 10:19 pm

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>> You do not have to pay Bank of America for downloads. I believe you are

>> paying for direct connect which would also allow you to issue payments

>> within Quicken. You don't need this service and you can download (for

>> FREE)

>> from Bank of America web site.

>> > My wife has a B of A account on which usually has 2 transaction per

>> > month plus a $9.95 fee. The transactions are 1 check and her Social

>> > Security deposit. I had been downloading them into Quicken which

>> > generated the fee. When I called about it they told me that there was

>> > no fee if I used Money, only Quicken. So I tried it on my trial Money

>> > and the download worked just fine. IMHO Quicken is not worth the

>> > additional $119 annual fee.

>> > Shorty

> Thanks for the info. I told them I write no checks on that account

> online and they canceled the charge. I personally deal with a small

> local bank that charges me no fees, a human answers the telephone and

> they have nice fresh cookies every Friday.

> Shorty

Hell, fresh cookies are reason enough to switch. Seriously.

Posted by Rick Blaine on February 11, 2008, 7:48 pm

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>You do not have to pay Bank of America for downloads. I believe you are

>paying for direct connect which would also allow you to issue payments

>within Quicken. You don't need this service and you can download (for FREE)

>from Bank of America web site.

Correct. Intuit charges banks a fee to let the bank customers use the one click
download feature into Quicken. Some banks pass that charge on (with a suitable
markup) to less profitable customers and waive it for more profitable customers.
If your bank isn't willing to waive that charge, you can do a direct download
from the banks web page. It's not quite as convenient, but still works.

Posted by geoff on February 11, 2008, 5:17 pm

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Banks look to make money anyway they can, however, with a charge like that,
I would shop around for another bank.

Not shop around because they charge for quicken but shop around because even
with your switch to MS Money, they will probably find something else to
charge.

--g