Add a Repeating Online Payment

Pikov Andropov wrote in news:itttha$jjb$ snipped-for-privacy@dont-email.me:

I do the reverse, in a manner of speaking, in a 2 step procedure, although not for a mortgage. Firstly, I have authorized the "payee" (actually several payees) to "pull" the amount(s) due from my checking account on the due date. In this way, it is the job of the payee to make sure they get the money on time. No possibility for a late charge that I would have to dispute in some way. (I have had to do that, and I loathe it). Secondly, I have entered the repeating payments into Quicken, to be entered automatically in the register of the account(s), 32 to 90 days in advance, so I can see what it does to my balances, and I get a chance to edit amounts as the statements come in.

Oh, yeah, my Chase Heloc now gets a fixed amount of principal paid off in the above way each month, while the interest gets paid as it comes due, but that's my way , and subject to change.

"Create New", select "Scheduled Bill". Near the bottom of the screen there should be an option to select the payment method. Select "online bill pay". You should then see an option to check a block that sets the transaction to a repeating payment. I use "should" because I use 2011 which is slightly different from 2010.

There is.

Only manual payment or write a check. No online bill pay.

There has to be a way because I have two other accounts set for repeating online payment.

Can't be that different.

Arnie Goetchius wrote in news:itu67q$1jo$ snipped-for-privacy@dont-email.me:

I can't do this either, because the account I would use did not yet have online payment activated in its account details.

Once I activated this, the option "online bill pay" does exist ... Now I hope my Quicken transactions do not get added to the automagic repeating transactions I have already set up at the Chase website ...

Make sure that the account ("Pay From Account") you are using to pay the mortgage is the same one you are using to make your other repeating online payments. For example, if you selected a money market account rather than your checking account, the money market account probably does not allow you to "online bill pay"

A couple of things...

First, as Han stated, if you don't see "Online Bill Pay", it probably means that the Pay From Account isn't enabled for Online Payments. You'll need to enable that with your bank before you can set it up in Quicken. If you know that your account is already enabled for online payments (through their website), you probably just need to let Quicken know. You'd do that by editing the Quicken Account, Online Services tab. It will prompt you for the Financial Institution, UserID, & Password. Once that's done, it should automatically know that the bank account is enabled for Online Bill Pay.

Second, you didn't specify, but if your mortgage is set up in Quicken, you probably want to drive the online payment through the Loan>>Payment Screen, instead of a plain ol' Bill. It's almost the same idea, but the Loan functionality automatically calculates the Principal & Interest allocations for each payment (very handy if you use the tax planner). If your Loan is set up, you'd go to the Loan Payment screen. Property & Debt>>choose the Loan>>Edit Payment>>Payment Method.

If the "Scheduled bill" radio button is selected, you'll still see a Scheduled Bill in the reminders area once you save it.

Bartt

It is.

Han has written on 6/23/2011 8:06 AM:

My account already has online payment activated.

In this case, it doesn't mean that because that account was previously enabled for Online Payments. As I said, I have two other online payments in that account that do work.

Cannot find Quicken Account or the Online Services tab.

It's not, but thanks anyway.

Pikov Andropov has written on 6/22/2011 7:23 PM:

I entered the payee as an online payee first. Then I wrote a check dated

When I look at the list of repeating online payees, this latest one has "Rept-Send" as the payment method while the others have just "Repeat". Is that because of the pending transaction on 7/1?

Thanks.

Unfortunately, it *is* very different.

Q2011 has made the bill payment scheduling process quite confusing. What was an intuitive, simple process in Q2010 has become a puzzle in Q2011.

I see no basic difference in the process of scheduling a "repeating online payment" in Q2010 and Q2011.

Perhaps you can enlighten me as to the difference, and what about the difference is confusing.

fred has written on 6/25/2011 8:54 AM:

Really? I have Q10 and am not finding it very intuitive.

"Pikov Andropov" wrote

Intuitiveness is in the eyes of the beholder ... and, I believe, overrated.

But the Quicken process for setting up a repeating online payment is logical and simple.

Before you can tell Quicken you want a "repeating" online payment, you must tell Quicken you want an "online payment".

And before you can tell Quicken you want an "online payment", you must tell Quicken to make the payment from a Quicken account that is activated for online billpay.

That logic has been in effect since Q2005.

John Pollard has written on 6/25/2011 1:51 PM:

And that the payee is entered in the online payees list.

I didn't say there was a difference in scheduling a "repeating online payment".

Since you have shown that you are incapable of reading what I write, why should I respond to your troll?

You didn't say anything worth posting. You didn't offer any help to the op, and you didn't identify any specific problem.

I read what you wrote ... in the context of this discussion. If you're not talking about repeating online payments, why are you posting in this thread?

If you have some other problem with Quicken, start your own discussion ... and be specific about the problem you're having.

I'm just here to try to help.You clearly have some sort of personal problem.

fred wrote in news: snipped-for-privacy@4ax.com:

fred, John Pollard is one of the long-time gurus here, trying to help people who may or may not be describing their problems in sufficient detail. I have no idea who you are, but please, stay polite.