Online banking vs. quicken
Pat
signed on with his bank to do online banking. He was an avid quicken
user. He says this is much faster and he can get the same type of
reports and categories and so on as he did with quicken. Has anyone
else tried this? I called my bank and they don't really have the same
online banking as my boss. I could go online and transfer balances and
some other things but nothing like what my boss showed me. I'd
appreciate any input y'all might have. Thanks.
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Peter J. Ricciardiello
He claims it is faster? Then his bank must be the only financial
institution with which he does business.
I have an AMEX card, a frequent flyer Visa, and brokerage accounts
amongst a few of the larger brokers, as well as a checking and savings
account with a local bank. I will not bebop from web site to web site
managing these accounts when Quicken will consolidate all of these for me
into one location, saving me time.
Furthermore, a web-based tool to manage these accounts requires a
reliable ISP, a reliable bank web site, and a fast connection to the net.
Although Quicken does connect to the web to retrieve daily balances and
transactions, a failed connection to the web will not prevent me from
managing my accounts using Quicken on my PC.
--
Peter J. Ricciardiello (remove 'x' for email)
"One must change one's tactics every ten years if one wishes
to maintain one's superiority." --Napoleon Bonaparte
Danny Four Eyes
doesn't tack on huge fees, quicken is a vastly superior interface than web
based banking offered through any bank directly. Also if your bank allows
you to download your credit card transactions directly, you have a great one
stop interface in Quicken.
Web connect via quicken or other" indirect import" download methods into
quicken are barely worth the trouble in my opinion.
Unfortunately, the number of LARGE, important banks offering direct download
into quicken is decreasing. This is due to the maturity of web based
offerings directly through the bank's own websites. In addition any fee they
may charge you is not shared with Intuit or their associated companies.
You'll need to look around. Check out this list to see if local banks can
help you http://www.intuit.com/banking/filist.html. If you are interested in
good reviews of internet-enabled banking sites, check out www.gomez.com
Regards,
Danny Four Eyes
"Pat" <cric...@ix.netcom.com> wrote in message
news:92r2ak$lpg$1...@nnrp1.deja.com...
Kirk
D...@nodomain.com says...
> If your bank supports quicken through direct download, and if your bank
> doesn't tack on huge fees, quicken is a vastly superior interface than web
> based banking offered through any bank directly. Also if your bank allows
> you to download your credit card transactions directly, you have a great one
> stop interface in Quicken.
>
> Web connect via quicken or other" indirect import" download methods into
> quicken are barely worth the trouble in my opinion.
>
> Unfortunately, the number of LARGE, important banks offering direct download
> into quicken is decreasing. This is due to the maturity of web based
> offerings directly through the bank's own websites. In addition any fee they
> may charge you is not shared with Intuit or their associated companies.
>
I agree that banks are preferring to use their own interfaces rather
than an independent one like Quicken. This, IMO, is *not* in the
interest of the customer.
IMO, even if using Web Connect, I'd rather use Quicken as my financial
interface.
How many native bank intefaces can also manage the accounts of other
banks?
What do you do with your data if you switch banks?
How well do they manange non-monetary assets?
--
Kirk
"The fact that the group is in formation...
doesn't prove it's on the right course." --RAH
<I really am at home if you want to reply by e-mail>
Steve Doyle
You'd have to log on to each, look at each and you would still not have all
the info in one easy to digest spot.
The only way I could see it being easier is with one checking account, one
credit card. But if you have a life at all, that still leaves all your
other financials scattered -- 401k, mortgage, car loan, budget, etc etc.
I don't think people have thought it through. I imagine that's what the
banks are counting on because it does look very enticing if you do finances
casually. In which case you probably don't need any kind of computer anyway
to do your finances.
Pat wrote in message
Taylor Corey
company and online banking. I would use it for more if the banks offered it
such as mortgage information. However, the bank I have my mortgage with
allows one to log into a web page and look at my mortgage information but
they do not have a Quicken download. The same holds true for my 401K and my
wife's 403B. They can be accessed thru a web page but they do not have a
Quicken download.
I guess it is personal preference. I like to have things collected together
in one spot. I do not want to have a bunch of saved links (ie a web page)
for each aspect of my finances. If I want to know my total net worth, for
example, I would need to go to each web page (bank, stocks, mortgage, 401k,
etc.) and add the numbers together with a calculator.
Another thing we'll never see, is for the phone company to allow a Quicken
download of calls made and the charge (which would be kept in its own
register). This is how my saved links would look if banks, et al, offered
the above:
- my bank (checking, savings, credit card, IRA)
- stocks
- home mortgage
- 2nd credit card (not thru my regular bank)
- 401k (mine)
- 403b (wife)
- telephone calls
--tc
Matthew Miller
>I don't see how it's faster if you have more than 2 or 3 online accounts.
>You'd have to log on to each, look at each and you would still not have all
>the info in one easy to digest spot.
Many of the online banking systems hae the ability to get information from
*other* online banking systems, so you can consolidate everything (or at
least many things).
--
Matthew Miller ---> mat...@mattdm.org
Quotes 'R' Us ---> http://quotes-r-us.org/
Boston University Linux ---> http://linux.bu.edu/
Andrew DeFaria
> Steve Doyle <sdo...@postongroup.notmail> wrote:
> >I don't see how it's faster if you have more than 2 or 3 online accounts.
> >You'd have to log on to each, look at each and you would still not have all
> >the info in one easy to digest spot.
>
> Many of the online banking systems hae the ability to get information from
> *other* online banking systems, so you can consolidate everything (or at least
> many things).
And some of those would be....
Steve Doyle
Matthew Miller wrote in message ...
Gary B. Berns
setting up something to replicate what Quicken already does.
Especially if it will not download into Quicken. Chase told me that
only their bank accounts do this, not their credit cards. Hard to
think that they would download the other bank's info into Q.
tco...@mindspring.com
whatever reason, it would be easier with Quicken since it is a matter
of switching banks.
As for web pages, each bank has their own way of doing things.
--tc
In article <slrn95nre9...@jadzia.bu.edu>,
Ed Suranyi
Andrew DeFaria <And...@DeFaria.com> wrote:
> Matthew Miller wrote:
> > Many of the online banking systems hae the ability to get
>>information from
> > *other* online banking systems, so you can consolidate everything
>>(or at least
> > many things).
>
> And some of those would be....
While not a bank per se, Fidelity Investments has a new feature on
their web site called FullView, which automatically downloads
information from all your financial web sites onto one page. In
my case, I have it set up so that it lists all my investment accounts,
my bank account at a small local bank, and my Chase credit card account.
Ed Suranyi
Steve Doyle
account/web page?
I don't see how it would be able to download the account data automatically
. . .you give it your passwords to all the other accounts?
Ed Suranyi wrote in message >
Ed Suranyi
"Steve Doyle" <sdo...@postongroup.notmail> wrote:
> Does it download the account information, or is a pointer to that
> account/web page?
It downloads your account information daily, typically in the
middle of the night. On the web page itself you can force a
new download of any account at any time. You can also log in
directly to any of the financial web sites through Fidelity's page.
> I don't see how it would be able to download the account data
automatically
> . . .you give it your passwords to all the other accounts?
Exactly. You specify what web sites you want to receive information
from, and for those sites you provide your account and password.
Of course, if you don't trust Fidelity having this information, then
this service is not for you.
Ed Suranyi
> Ed Suranyi wrote in message >
> >While not a bank per se, Fidelity Investments has a new feature on
> >their web site called FullView, which automatically downloads
> >information from all your financial web sites onto one page. In
> >my case, I have it set up so that it lists all my investment
>>accounts,
> >my bank account at a small local bank, and my Chase credit card
>>account.
> >
> >Ed Suranyi
>
>
_r_
The Fidelity 'FullView' is actually Yodlee (http://www.yodlee.com), and
can Sync with PalmOS and WAP devices.