I will look iBank over more thoroughly and possibly consider switching. If iBank would let me continue to work with Wells Fargo the way I do today with Quicken, my bill paying concern would be handled acceptably. (Before I started using Wells Fargo, I actually had a bank go from the scenario I prefer to the one where they deduct the money 5 days before without informing me they were changing their processing method and they bounced about 8 checks on me, causing a bunch of grief! One of the payments was for my mortgage!) With those bill pay setups, I always have to be sure I have the money in the account 5 days before it is due, which makes controlling cash flow a pain. Some bill pay situations would have deducted that $1,500 from my account on June 3, causing me to go into an overdraft situation. I know I will be okay with Quicken/Wells Fargo because I have an automatic deposit of $3,000 coming in on June 6 which will be credited to my account in time for the payment on June 8 (which is one day prior to the actual due date of June 9). I schedule the payment on June 3 to be presented to the payee on June 8. I need to send a payment of $1,500 to someone with a due date of June 9. My concern is best illustrated with a relatively simple example: Suppose I have $1,000 in my checking account on June 1. Generally, whether Wells Fargo makes an electronic payment or sends a paper check so it arrives within a day or so prior to the date I specify, and I always specify a date a couple of days before the actual due date, just to be sure. Quicken tells me I must schedule payments to be made from my checking account at least 5 days before the payment is due. I interact with Wells Fargo directly from Quicken.
Quicken starter 2015 for mac software#
I know no software can "guarantee" what I was talking about, but Quicken working in conjunction with Wells Fargo comes pretty close, or at least close enough to satisfy me for quite a few years. Related to your first post - were you able to get a refund for your purchase? Not sure how that relates to bill pay features in their software and seems expensive for something most banks offer directly for no charge, although I guess it would save time if you didn't have software such as iBank and had multiple checking accounts. I also just discovered that Quicken has an Online bill pay service for $9.95 a month. Contact your bank to learn more about how it handles online bill payments." Some banks wait until the payment’s due date before withdrawing funds, some process the payment on the same date you submit it, and some choose a date in between. "Each bank handles online payments differently. Enter the payment amount and any notes you want to be submitted with the payment, then click “Continue” to proceed. Enter a category for the transaction or click the “Add Split” button to split the transaction and assign multiple categories.
As long as you enter a date that is no earlier than the default, iBank will ensure that the payment is received on or before the date you enter. By default, iBank shows the earliest date for which your bank can guarantee delivery.
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