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Posted by PSMSR on December 23, 2007, 8:57 pm
Please log in for more thread options The accounts were setup via Quicken's wizard, so if any information was left
out, it was Quicken's failure to ask for it. All data fields regarding the
account are populated with data. I don't know what other important
information I could provide, nor where else in Quicken to key it in. I will
check with the FI to see if they permit transfers through Quicken. They
used to, as I used an earlier version of Quicken this way some time ago.
Additionally, the FI does permit transfers at their website. The transfer
in questions is from a checking account to a credit card, at the SAME FI
institution. If I need to adjust some setting, I'd like to know what it is.
- Phil
> PSMSR wrote:
>> I use Quicken 2007, and it downloads transactions just fine from
>> checking, savings, and credit card with the one credit union account.
>> However, if I try to perform a transfer (pay off credit card from
>> checking), it fails. The error message says my financial institution
>> does not recognize my account XXXXX. Really? It seems to recognize
>> it just fine when downloading transactions, just not when I try to
>> transfer. My account information is all correct in Quicken that I
>> can see. Ideas on what is wrong?
>
> It sounds to me like you have left out important information.
>
> Quicken could care less about your financial institution if you try to
> enter a simple transfer transaction.
>
> So I assume you left out some very important information.
>
> Not all financial institutions allow you to transmit "transfers" to them
> from Quicken. If your financial institution is one of those, you're out
> of luck. You can initiate the transfer at their web site - if they allow
> it - or do without altogether.
>
> And it is even more unlikely that your bank will allow you to transmit a
> "transfer" of funds from your checking account with them, to your credit
> card account with another financial institution.
>
> To do that you require online billpay capabilities with the financial
> institution that holds your checking account. And to do that via Quicken
> requires that the fi that holds your checking account permits you to
> submit online billpay transactions to them from Quicken ... which not all
> fi's permit.
>
> --
> John Pollard
> First initial underscore Last name at mchsi dot com
> Please reply to newsgroup
>
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