On-line Banking & Bill Paying: Quicken 6.0 vs Money 97

On-line Banking & Bill Paying: Quicken 6.0 vs Money 97

Post by brent » Mon, 20 Jan 1997 04:00:00

> >>My interest really was to find out the state of the online banking
> >>nowadays.  I have been a CF user and have been relatively happy
> >>with their service and delivery times.  The additional capabilities
> >>that QOL gives was tempting enough for me to try (I am running them
> >>both in parallel right now).  My question is still: have users been
> >>satisfied with the service?  Will it cause me more headaches NOW, in
> >>which case I can switch later this year when they get their act
> >>together.

> >>Any other comments?

> >I've found Quicken's on-line banking & bill payment to be very good.
> >I use it regularly.  The recent upgrade make a good product better.

> >Jonathan Rushdoony

> Sorry, but I have to disagree on this one. I just started using
> on-line payment (not electronic banking) and it's HORRIBLE HORRIBLE
> HORRIBLE!!!!!!!!!

> The interface is NOT only poor, but it's not appropriately integrated
> Quicken's other features. In short, here are my complaints:

> * There is not way to place a comment line on a check. (You can enter
> "comment" in the register of a check, but the comment does not appear
> anywhere on the check or in the "check view.")

> * Also, the area for account numbers is extremely short. I haven't run
> of space, but I haven't entered all of my accounts either. If this
> were longer, it might be a place to add comments..... unfortunately,
> can't be done without entering a separate area of the program (Add
> Payees) and adding the comment.... and then you wouldn't be able to
see the
> account number/comments because they don't appear in your register

> * Setting up an on-line payee is totally separate from the QuickFill
> transactions that many of us have already entered in Quicken (in other
> words, start all over and retype ALL the addresses.)

> * There is no reasonable way to pay two different checks to the same
> For example, my wife and I have separate accounts at the local medical
> clinic. To keep our records clear, we write two different checks with
> different account numbers. That can't be done in Quicken -- it only
> the name of the payee, the address and the account number. Even if it
> allow us to set up two payees with the same name, there would be no
way to
> tell them apart in the list.

> * The interface is buggy. When I was scheduling upcoming transactions,
> on-line payment feature RETROACTIVELY made changed hand-written checks
> on-line payments and would not let me correct them. In other words,
> from a month before showed up as electronic payments -- when I tried
to fix
> them, it kept saying "You cannot change this transaction because it
> already been transmitted." I knew that was wrong because the check was
> dated BEFORE I had signed up for on-line payment.

> * Quicken automatically dates your check for the day that it estimates
> the payee will receive it. What the hell is the deal with that????????
> don't particularly care about Intuit's educated guess -- I want the
> dated the day I enter it. (No way to turn off this goofy feature.)

>   I really like Quicken. I've been using it for years and I guess I'd
> consider myself a "power user." Sadly, Intuit didn't put the necessary
> resources or thought into making on-line payments an effective tool --
> interface is difficult to use and doesn't fit with the standard
> tools and controls.

> Excelsior!

> -Cloy

> =============================================
>            Some people never see the light,
>           Til it shines through bullet holes.
>                         -Bruce*burn

> For more 80s trivia, visit my New Wave 80s Page
> at    http://www.veryComputer.com/~ctobola/newwave.html
> =============================================

Thanks for the constructive critic, C.D..

I'm just ready to decide whether I am going to purchase Quicken 97 or
Money 97.

Are you using Quicken 97 (aka version 6)?  I have downloaded both trial
versions and really like both.  Quicken seems to have a few more
features, but I'm not sure if I will use them though.

Unfortunately the online banking and bill paying is not available in the
trial versions so I can't compare this very important feature.  Any help
you or others can provide in choosing between these 2 products in
regards to the online features would be much appreciated.


-- ---



1. On-line bank that works with Money's download and bill pay

I'm interested in joining the "net banking" revolution.   I currently use a
standard brick and mortar institution (First Union) and have been using
direct statements and bill pay with Ms Money for 3 years now.  Does anyone
know of a "net" bank that integrates well with ms money?   Most of the "net"
banks I have seen use proprietary bill pay software that must be used
on-line (yuck).  Also, it doesn't seem like many offer direct statements.
The best I've seen is downloading QIF files, which is a cumbersome task.

Any help on this subject would be greatly appreciated


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