That is correct - if you are going to limit yourself to paying your bills via online payments from an online billpayer. But you can avoid that for many bills by authorizing the vendor to automatically debit your bank account. Simple and reliable.
[The new Chase "connection method", known as "Express Web Connect +", does not have the capability to transmit online billpay instructions from Quicken to the financial institution.]
Many have received the notice; presumably all Chase Quicken users (with a second notice sent to Chase Quicken users who have "Online Billpay", AKA "Bank Billpay", activated with Chase).
I believe you are.
Not with Chase.
There are still some financial institutions that will accept billpay instructions from Quicken. But there were never that many to begin with, and their numbers are going to continue to shrink.
Bank of America, for example, dropped Direct Connect for new customers several years ago ("Direct Connect" is the only Quicken "connection method" which supports the sending of billpay instructions from Quicken to the billpayer); and BofA is now preparing to drop Direct Connect for all its customers and switch to Express Web Connect +. So BofA will soon no longer accept bill pay instructions from Quicken.
Other financial institutions are almost certain to follow.
Assuming Chase offers eBill processing, I believe you can think of eBills as similar to auto-debit by the vendor ... with the option to manually process each bill, should you choose.
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