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What's a good bank to use with Quicken?

I'm looking for a bank with really good integration to Quicken, and decent pricing. If anyone has recommendations, please share them!

Here are the features I would like to see in a bank account:

  • Fully-integrated support for bill-pay: I enter payees and amounts to be paid directly in Quicken. No going to the bank's website to do any of this. (Should work at least as seamlessly as Checkfree).

  • Direct download of cleared transactions into Quicken. (Not going to the bank's website and downloading a file). "One Step Update" should grab all the outstanding transactions.

  • Pays interest, and/or makes it easy to transfer funds between accounts which pay interest.

  • Can support mulitple accounts; I would like to have a different account for personal vs. business spending. (Ideally, this should not double the cost of the bill-pay function!).

Also, if there are other features which you found important, please share that information as well.

Reply to
casper.tonka
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I use Union Bank of California

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Yup.

Yup.

Nope. Well not the accounts that I have anyways. My theory is that there are better places to put your money than a checking account to earn interest. I'm not even sure if UBOC has many/any interest bearing accounts or what they are like.

I have 4 UBOC checking accounts (Checking, Business, Taxes and one for my daughter). Money flows into my Business account and I immediately split it into my main Checking account and my "Taxes" checking account. That way I'm not caught by a surprise when quarterly taxes are due or when April 15th rolls around. I find actually keeping the money in a separate account helpful.

You can perform online transfers to/from any of those accounts (as well as my Overdraft account which is not really an account in it's own right because it shares my Checking account's account number). Any one of those 4 accounts can write checks - only one cost for bill pay.

In a prior life I had used my "Taxes" account as a joint checking account as well as a "savings" account. I had inherited money once, placed it into that account then proceed to have automatic bill payments happening every 2 days for amounts of $200-$400 into 4 different DRIP investment accounts (the kind where you mail them a check - they immediately buy shares in a mutual fund). Automatic dollar cost averaging!

What would be wonderful is a way to do automated transfers but no bank does that in an integrated fashion with Quicken because Quicken doesn't support it. You can, however, do an automatic payment directly to the banks deposit mailing address for the account.

Reply to
Andrew DeFaria

I use Bank of America. It does all that you want below, works very well, and I'm happy with it.

Reply to
Ken Blake

Much better off someone like Charles Schwab Bank. It's has a full service bank that pays interest and is link to your brokerage account (assuming you have one) where you can keep you extra cash in a high yield account. Completely seamless. Free Bill pay, no minimum balance. Direct downloads etc.. etc.. I'm sure other brokerages have equal services, I'm just familiar with this one.

Reply to
TooTall

I use Wells Fargo and have almost all of my banking including Auto Loan, Mortgage and some investments. Works just fine with Quicken and I can move money about and check things online. Pays interest but not as much as some I beleive.

john

Reply to
john

I have BoA but need to download using Web Connect (I'm a converted Fleet customer).

How do I get to use Direct C>

Reply to
atd1999

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