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Posted by Oilcan on May 4, 2007, 9:25 pm
Please log in for more thread options > Oilcan wrote:
> >> :
> >> : Are you asking about Quicken Billpay or Direct Connect with Bank of
> >> : America or Bank of America Online Bill Pay? These are three different
> >> : products. I use Quicken Billpay ($9.95 / mo) and issue payments from
> >> : a Bank of America checking account (plus others) without problems.
> >> :
>
> >> I set it up with BofA Bill Pay which is the ability to schedule payments
> >> directly from Quicken instead of accessing BofA.com. I also applied for
> >> Quicken Bill Pay, but I don't see the advantage over the integrated Bill
> >> Pay by BofA.
>
> >> I can definitely see how someone could get confused by all the available
> >> options.
>
> >> As I stated, my experience has been pleasant thus far. If I would have
> >> known earlier how much better Quicken integrates with Bank of America, I
> >> would have made the switch long ago.
>
> >> Matt
>
> > For using a single bank for your payments, the experience is about the
> > same. I have 7 payments accounts (banks, credit unions, brokerage -
> > even my HELOC) through Quicken Bill Pay. I also can schedule payments
> > directly from Quicken to all 7 of those payment accounts for the same
> > fee that B of A is charging you.
>
> Excellent point. This is probably the reason BofA is more than adequate
> for me. Also, the fee is waived for my account type.
>
> Now I have my first specific question. BofA has the concept of e-Bills.
> However, I don't see a way for Quicken to notify me of a new e-Bill.
> Is there a function I'm missing for this to occur?
>
> > The one additional advantage for me is the I can receive over 95% of
> > my statements (credit cards, utilities, etc.) from the Quicken Bill
> > pay website. This allows me to avoid having to log into each website
> > when I get a message that a 'New Statement is Available'. I download
> > these statements and attach them to either the Account or
> > Transaction. When I receive these bills, I now schedule a payment
> > from the Quciken Bill Payment site which automatically gets downloaded
> > as if I scheduled it from Quicken (no double entry), Depending on the
> > number of monthly bills you receive, you might not find any value in
> > this. For me Qucken Bill Pay is a time saver.
>
> Downloading statements as .pdf and attaching them is a new concept to me
> coming from M$ Money. I've briefly perused the feature, but it may be
> something I could be using. The trouble is, not all financial
> institutions make statements available online and it's a pain to scan
> them in.
>
> Thanks again!
> Matt- Hide quoted text -
>
> - Show quoted text -
The notification would likely have to come from B of A website that
you have received a new bill. I receive an email from Quicken Billpay
that states a new statement has been received.
You don't need to scan them. Search for a program PDF995. Its free
and it allows you to print a webpage as a PDF document (in otherwords,
you bypass the paper and the scanning). Most sites have some online
statement (may not be in a PDF format) and has given the option of
opening the statement in a seperate window. The software is tricky to
configure. I use these on my Citibank statement and some others.
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