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Subject Author Date
Wachovia, Bank of America, and Quicken Bill Pay BRH 05-23-2008
Posted by Dick on May 23, 2008, 7:49 pm
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Try HSBC....

>I presently bank at Wachovia and have been using Quicken to pay bills
>electronically for the past few years at no monthly charge. However,
>because I'll soon my relocating to upstate NY, and there'll be no Wachovia
>branch within probably 150 miles, I have to change to another bank. For
>better or worse, I chose Bank of America, and have already opened a
>checking and savings account with them.
>
> Unfortunately, when trying to set-up Quicken 2006 to pay bills and
> reconcile accounts etc thru BofA, I got an error. When I called BofA for
> help, I learned that although electronic BillPay thru BofA's website is
> free, BofA charges $9.95/month to link this thru Quicken. According to
> the rep the monthly charge can only be waived if I open and "Advantage"
> account and maintain a minum balance of $15K in it.
>
> My questions are:
>
> 1. Do any BofA customers pay their bills thru Quicken without having to
> pay this monthly fee, and without maintaining such a high balance in the
> "Advantage" account? If so, what do I need to do to do this, as well?
>
> 2. If I can't pay bills electronically for free with BofA, does anyone
> have any practical suggestions to continue banking with Wachovia, and
> having access to an ATM without having one of their branches nearby?
>
> I use ATM's frequently, and really hate paying bank fees (obviously). I'd
> like to continue having my $$$ available to me thru local ATM's, and also
> pay bills emectronically thru Quicken with no fee. For the past few
> years, I've had my cake and eaten it too, and would like this to continue
> somehow.
>
> Thanks!



Posted by Guy Scharf on May 24, 2008, 11:18 am
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BRH <BRH> wrote:

> I presently bank at Wachovia and have been using Quicken to pay
> bills electronically for the past few years at no monthly charge.
> However, because I'll soon my relocating to upstate NY, and
> there'll be no Wachovia branch within probably 150 miles, I have
> to change to another bank.

If you like Wachovia, why not continue to use them for electronic
banking?

When we moved from CA to WA, we kept our Citibank account because I
liked the Quicken interface. We continue to use Citibank for all our
bill paying, deposits, etc. We do have another checking account at a
local bank, which we use for writing checks. But almost everything we
pay is done electronically, so the combination works fine for us.

While I don't think Citibank has a physical branch closer than
California, they do have a shared ATM network. There is an ATM at
another local bank that we can use for cash withdrawals with no ATM
fee. It looks like there is at least one ATM available in every city
around us.

Guy

Posted by Han on May 24, 2008, 11:23 am
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216.196.97.142:

> BRH <BRH> wrote:
>
>> I presently bank at Wachovia and have been using Quicken to pay
>> bills electronically for the past few years at no monthly charge.
>> However, because I'll soon my relocating to upstate NY, and
>> there'll be no Wachovia branch within probably 150 miles, I have
>> to change to another bank.
>
> If you like Wachovia, why not continue to use them for electronic
> banking?
>
> When we moved from CA to WA, we kept our Citibank account because I
> liked the Quicken interface. We continue to use Citibank for all our
> bill paying, deposits, etc. We do have another checking account at a
> local bank, which we use for writing checks. But almost everything we
> pay is done electronically, so the combination works fine for us.
>
> While I don't think Citibank has a physical branch closer than
> California, they do have a shared ATM network. There is an ATM at
> another local bank that we can use for cash withdrawals with no ATM
> fee. It looks like there is at least one ATM available in every city
> around us.
>
> Guy

Citibank had no real branches in NJ when we moved from LI to North
Jersey. I did the same as Guy did, and added an account at the local
bank next to the train station. Now Citibank has machines in
Seven/Eleven stores, so the problem of getting cash from that account is
almost eliminated. I believe that this should work in any 7/11 store,
but only know for sure in NJ and MA.


--
Best regards
Han
email address is invalid

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