Keeping payees up to date

Another example of needless use of time. I simply

authorized all regular senders of bills, e.g. water, garbage, natural gas, telephone, cell

to automatically submit electronic withdrawal orders to my checking account.

Since they still mail out statements to me 10 to 14 days earlier, I have the opportunity

to check the statements for accuracy. In 22 years, no errors. Then they put through the

debits on the final day. Since is is the creditor who pushes the debit to the bank, it is their

problem if the transaction doesn't go through on the designated date, not mine. Month

after month, year after year, my system has worked, saving me thousands of hours compared

to other, more hands-on, methods. Of course, others may not value their time as much as I value mine.

} > Do you folks have tricks for keeping the payee addresses up to date?? } > } > THANKS! } > /Bernie\ } } Another example of needless use of time. I simply } } authorized all regular senders of bills, e.g. water, garbage, natural } gas, telephone, cell } } to automatically submit electronic withdrawal orders to my checking account.

I'm more paranoid. I don't let any of them do withdrawals. If they'll make a credit card transaction [and many do], I go with that gladly. But the ones that either don't offer any auto-payment [which is many of them] or the ones that only offer direct-withdrawals, I do by a regular bill pay.

As for valuing time, except for the occasional address problem it is about the same for me: I look at the bill and spend 20 seconds typing it into quicken to be paid.

/Bernie\

Paranoid? Yet you actually USE Quicken to pay your bills? Hell will freeze over before

I would allow that. At least the creditors can be counted on to never forget to submit their debits.

When, not if, Quicken forgets to do the transaction on time, all you will get out of them is an, "Oops".

} When, not if, Quicken forgets to do the transaction on time, all you } will get out of them is an, "Oops".

Well, I'm more than 20 years into using Quicken Bill pay and I'm still waiting for the first "when". Have you actually had it happen and gotten an 'oops'??

/Bernie\

About 10 years ago I started to get 2-4 forgotten transactions per quarter with Quicken Bill Pay. There appeared to be an occasional computer connection problem between my computer and Quicken. It got to be a royal PITA so I switched to my bank's Bill pay system and have never had a forgotten transaction since.