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Subject Author Date
My bank does not work with Quicken, now what? Sam 07-21-2006
Posted by Hank Arnold on July 22, 2006, 5:31 am
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 What are the restrictions on ETrade's service. I can't imagine it's
free...........

Regards,
Hank Arnold

Dannie wrote:
> Don't mean to be argumentative but ETrade bill pay is super.I also believe
> they support Money & Quicken but I have Quicken and not really interested in
> Q Bill Pay.
>
>> Sam wrote:
>>
>>> I just checked with the bank and they are already considering
>>> supporting quicken but the problem is that quicken wants the bank to
>>> pay in order for the banks customers to be able to use quicken. Too bad
>>> that quicken has taken that type of approach.
>>>
>>> Thanks for your response Fred.
>>>
>>> Sam
>>>
>> I don't think "Quicken has taken that approach." I think the banks have
>> had to pay for some time. From what I've seen here and my own experience
>> the banks don't want that expense. They now offer their own version of
>> bill pay on their own web site. It sucks!
>
>

Posted by Dannie on July 22, 2006, 8:20 am
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 Bill Pay - FREE. I have to have minimum balance of 500.. Believe others need
1000 since I joined many years ago.

> What are the restrictions on ETrade's service. I can't imagine it's
> free...........
>
> Regards,
> Hank Arnold
>
> Dannie wrote:
>> Don't mean to be argumentative but ETrade bill pay is super.I also
>> believe they support Money & Quicken but I have Quicken and not really
>> interested in Q Bill Pay.
>>
>>> Sam wrote:
>>>
>>>> I just checked with the bank and they are already considering
>>>> supporting quicken but the problem is that quicken wants the bank to
>>>> pay in order for the banks customers to be able to use quicken. Too bad
>>>> that quicken has taken that type of approach.
>>>>
>>>> Thanks for your response Fred.
>>>>
>>>> Sam
>>>>
>>> I don't think "Quicken has taken that approach." I think the banks have
>>> had to pay for some time. From what I've seen here and my own experience
>>> the banks don't want that expense. They now offer their own version of
>>> bill pay on their own web site. It sucks!
>>


Posted by Hank Arnold on July 22, 2006, 5:30 am
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This has been Intuit's financial model for several years now. You don't
think that they make any real money on Q and TT, do you?? The real
profit is in services...

Whatever your bank decides, don't expect it to be free without some
restrictions being added........

Regards,
Hank Arnold

Sam wrote:
> I just checked with the bank and they are already considering
> supporting quicken but the problem is that quicken wants the bank to
> pay in order for the banks customers to be able to use quicken. Too bad
> that quicken has taken that type of approach.
>
> Thanks for your response Fred.
>
> Sam
>

Posted by Ken Blake on July 22, 2006, 2:41 pm
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Hank Arnold wrote:

> Whatever your bank decides, don't expect it to be free without some
> restrictions being added........


Restrictions are usually in the form of requiring a minimum balance. My
bank, Bank of America, requires a minimum balance, but that's not a problem
for me. I keep a minimum balance there anyway, since it entitles me to a
number of extra benefits, not just Quicken billpay and downloads.

--
Ken Blake
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Posted by Ken Blake on July 21, 2006, 4:33 pm
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Sam wrote:

> I just found out that my bank does not work with Quicken (Mobile Oil
> Federal Credit Union) I filled out the request on the quicken web site
> to have my bank added to the list of supported banks, my question is
> what are the odds of my bank actually supporting quicken?

Probably very poor. Unless they get many such requests, they won't do
it--cetainly not for a singleindividual.



> I am
> considering switching from Money because I am having some problems
> downloading transacations but if quicken does not support my bank at
> all I guess I am stuck with Money.


If my bank didn't work with Quicken, my choice would be to switch banks.

--
Ken Blake
Please reply to the newsgroup



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