Citibank and Quicken 2007

For many years I have gone to the Citibank site and paid my bills directly through their site. Then, every month, I have downloaded QIF files of my checking account and my credit card account and imported these files into Quicken so that all information was updated in this way. I was happy :-)

Then I learned that QIF downloads would no longer be usable and I had to upgrade to Qucken 2007, which I have just done.

In conversation with Citibank, I seem to have learned that it is not necessary to sign up for Quicken downloads at a cost of $10 per month.

According to Citibank (and it worked today), you can go to the Citibank site and download a QFX file - webconnect. Then be sure to save it to disk rather than the default of opening it with the Quicken launcher.

Once saved to disk, you can go into your Quicken 2007 account and do file/import a webconnect file and point it to the downloaded file that you saved to disk. Quicken handles this QFX file the same way the older Quicken handled the QIF files.

Citibank did tell me that only the last 3 months of statements could be handled this way but if you do it monthly, that shouldn't present a problem.

Is this true? Will it work? It seemed to work today and it would be nice not to have to pay Citibank $10/month for the "honor" of downloading my statement.

TIA

Louise

Reply to
louise
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There is no need to do this (save the file to disk).

If you already have Quicken open, you can click on the "Download Transactions" button at the bottom of the Citibank register. That will tell Quicken to open its built in browser to let you logon to Citibank and when you do the download, it will go directly to your Quicken account. (If you are asked whether you want to "Open" or "Save" the file, choose "Open").

If Quicken is not already running when you initiate the download (from a stand alone instance of your browser) and you select "Open", Windows should start Quicken for you.

If that doesn't happen, chances are your Windows Explorer Options do have have the "QFX" extension correctly associated with "qw.exe" as the program that opens files with that extension. You can change that manually in Windows Explorer.

Since Citibank offers Web Connect downloads in Q2006, I'll assume they do in Q2007 as well (your Quicken Participating Financial Institutions List is a good first place to check for these things). And if you could do it once, you should be able to do it again whenever you want.

Reply to
John Pollard

I have a Citibank "everything counts" account, and have not paid any fees for using One Step Update from Quicken for my Citibank accounts. After Citibank dispensed with a free system like what is now OSU probably some 10 years ago, I paid their fee a couple of times, then got refunds after I switched to the above type account. I remember it wasn't easy to find how to, but they probably changed that since anyway.

The BIG drawback is that you have to have either 10K or 20K in accounts with them (mortgages, credit cards, bank accounts, etc, all count), but then I had a mortgage with them, so it was easy to do. Now I just have an IRA that does that for me. Hopefully those stocks will start doing better

- now it is just parked money, and Andrew DeFaria will probably chide me for it (that's OK Andrew!).

Reply to
Han

That's real neat - thanks

Louise

Reply to
louise

Louise,

I'm running Q2007 and have been downloading from the Citibank site via a QFX file since late last year. If you have Quicken open (and set up the account association) it will download the data. Then all you have to do is to go to the account and accept the transactions.

Steve

Reply to
Steve Dawson

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