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