I'm getting confused in my old age but I've forgotten how to make
Quicken pay (NOT remind ME to pay) my monthly mortgage.
I tried Bills > Create New > Bill Reminder but isn't that just going to
remind me to send a payment???
Thanks for your help.
On 2018-07-19 17:43:12 +0000, Alek said:
If you haven't already, open the mortgage bill reminder and select "Use
Online Bill Pay" and "Make this a repeating online payment" (under
'Optional Settings). If "Use Online Bill Pay" does not appear, verify
the account for payment specified in the reminder is set up for online
bill payment. The payment instructions should be sent to the financial
instituion when you "Update" the account (for example, using One Step
You can learn more about "online payment" using Quicken Help (press F1
and enter "online payment" in the "Search Quicken Help" text box.
On 2018-07-19 18:41:22 +0000, Alek said:
To perform an online payment from Quicken, you do need to set up an
account at financial institution that supports receiving payment
instructions from Quicken. These financial institutions are a subset
of those that support the "Direct Connect" connection method.
Sherlock wrote on 7/19/2018 3:56 PM:
I've been doing that for ages. I write "checks" in the check register
with "Send" as the check number. When I update, this info is passed to
my bank that sends money to the payee.
You're saying that "repeating online payment" is essentially just a
variation of that, right?
Thanks for being patient.
On 2018-07-20 00:27:17 +0000, Alek said:
"Reminders" do not necessarily mean we "have to do something". They're
more like scheduled alerts for transaction entries and can be set to be
automatically be entered in the register.
"Reminders" come in because you said you wanted to use Quicken to pay
your monthly mortgage and Quicken uses "reminders" to schedule
payments. If you have set up the mortgage account in Quicken, you
likely already have a reminder for the payment.
On 2018-07-21 22:40:10 +0000, Alek said:
In this case, you are being "alerted" that Quicken is going to
automatically enter the transaction.
Whether you use Quicken to issue the online payment or not, you should
use the mortgage's payment reminder (or memorized payee) to enter the
payment transaction so Quicken will able to accurately track the
principle and interest payment of the loan.