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Subject Author Date
Bank of America $9.95 monthly fee. Shorty 02-11-2008
Posted by Ken Blake on February 11, 2008, 10:18 am
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 On Mon, 11 Feb 2008 06:37:17 -0800 (PST), BeanTownSteve

> > 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
>
> For two per month I'd suggest you enter them manually (as an automatic
> transaction?) and not bother downloading them. Intuit MAY be
> interested in this "favored nation" policy towards MS.


I've been using B of A for years in conjunction with Quicken. I
download transactions, pay bills through it, etc. and have *no* B of A
fee at all.


> As another method, perhaps downloading as CSV file might
> be free, not sure if that can then be imported into Quicken.

--
Ken Blake
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Posted by Laura on February 11, 2008, 10:59 am
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> 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

I would call BoA and ask them what the 9.95 is for. I think it is for using
their bill pay function through Quicken. It is NOT for downloading into
Quicken or paying bills through the BoA website. If you are not using those
functions then there should not be any fee. I think they also waive the fee
when you have direct deposit. They charged us at first and I was able to get
it cancelled. Forget about recovering past charges. I think I managed to
squeeze a couple of months of credits out of them but that was about it.


Posted by Shorty on February 11, 2008, 11:19 am
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>
>
> > 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
>
> I would call BoA and ask them what the 9.95 is for. I think it is for using
> their bill pay function through Quicken. It is NOT for downloading into
> Quicken or paying bills through the BoA website. If you are not using those
> functions then there should not be any fee. I think they also waive the fee
> when you have direct deposit. They charged us at first and I was able to get
> it cancelled. Forget about recovering past charges. I think I managed to
> squeeze a couple of months of credits out of them but that was about it.

I did call the Bank and they said it was for downloading to Quicken.
It annoys me since the balance is over $10K.

Posted by Laura on February 11, 2008, 11:28 am
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>>
>>
>> > 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
>>
>> I would call BoA and ask them what the 9.95 is for. I think it is for
>> using
>> their bill pay function through Quicken. It is NOT for downloading into
>> Quicken or paying bills through the BoA website. If you are not using
>> those
>> functions then there should not be any fee. I think they also waive the
>> fee
>> when you have direct deposit. They charged us at first and I was able to
>> get
>> it cancelled. Forget about recovering past charges. I think I managed to
>> squeeze a couple of months of credits out of them but that was about it.
>
> I did call the Bank and they said it was for downloading to Quicken.
> It annoys me since the balance is over $10K.

That is interesting since I am not being charged for downloading into
Quicken anymore. I would go to your local branch and make a stink especially
if you have a large balance.


Posted by Oilcan on February 11, 2008, 12:52 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.

Oilcan
> 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


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