Wells Fargo Is Charging Me $10 to Use Quicken!
Cy Burnot
to call or a magic phrase that will cancel that charge?
Thanks.
Arnie Goetchius
accounts, see https://www.wellsfargo.com/wfonline/bill_pay/fee_waiver
Porter Smith
@dont-email.me:
> I paid nothing when my account was at Wachovia! Is there a magic number
> to call or a magic phrase that will cancel that charge?
>
> Thanks.
Since I am over age 55 I qualified for Wachovia Crown Classic which waives
the Quicken fee.
I just received a package of documents relating to the transition from
Wachovia to WF. One of them says that the current fee schedule will
continue for all accounts.
If they decide to charge me anything I will move my accounts to another
bank. TD Bank has branch near me and they don't charge for Quicken.
nob...@nada.com
That link says nothing about accounts coverted from Wachovia Crown
Classic accounts, which should still be gree, including the bill pay.
It says so in the materials Wells Fargo sent to Wachovia customers
just before the changeover.
Arnie Goetchius
Correct. Crown Classic accounts at Wachovia converting to Wells Fargo
still receive free bill pay using Quicken. The OP did not say he had a
Wachovia Crown Classic but, as the link shows, there are other ways to
get bill pay for free at Wells Fargo. I established a PMA account at
Wells Fargo which has free bill pay. I also have a Wachovia Crown
Classic which will convert in a couple of weeks. Either way, I expect
bill pay to be free.
Mr.Jan
wrote:
> I paid nothing when my account was at Wachovia! Is there a magic number
> to call or a magic phrase that will cancel that charge?
>
> Thanks.
I think I started with First Union which was absorbed by Wachovia,
there may have been one before that but I figure to let them convert
me, see what I don't like, call and see if they will change, then move
or not move depending upon the answer.
TD bank is appealing because I have TD Ameritrade accounts. At some
point they should be integrated and that has always been my goal.
Cy Burnot
I did have a Crown Classic account and I just got off the phone with
James who said that there is no way to do with WF as I did with Wachovia
unless I maintain a $5000 balance in my checking account!!!
Arnie Goetchius
specifically that Crown Classic accounts that moved to WF would still
get Quicken free. The manager at my local WF office said I would also
get bill pay free if I opened a PMA account. So I did.
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv1u7f$c4g$1...@dont-email.me...
>>
> I did have a Crown Classic account and I just got off the phone
> with
> James who said that there is no way to do with WF as I did with
> Wachovia
> unless I maintain a $5000 balance in my checking account!!!
>
>
Just 5 large? Peanuts!! Seriously, what with the availability of
FREE pre authorization of debits to cover regular obligations, WHY
even bother with Quicken Bill Pay and all the concern about
payments reaching the payee in time to avoid penalty? Absolutely NO
need for Quicken Bill Pay these days.
Cy Burnot
>
> Just 5 large? Peanuts!! Seriously, what with the availability of
> FREE pre authorization of debits to cover regular obligations, WHY
> even bother with Quicken Bill Pay and all the concern about
> payments reaching the payee in time to avoid penalty? Absolutely NO
> need for Quicken Bill Pay these days.
Tell me about pre-authorization of debits. I'm not familiar with it.
I like Quicken because I've used it for a very long time and, as an old
person, I am loathe to change. Also, it helps me greatly at tax time.
I'm not concerned with timing; I always pay my bills on time.
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv39o8$lhb$1...@dont-email.me...
Cy, I'm also no "spring chicken". To me, it's all about cost, in
money, time, and effort. In all cases, the statements for our
regular bills come in plenty of time for us to review them and
challenge any errors. I recall but one error in almost 20 years.
The payee accounts, e.g. power, water, natural gas, sewer, garbage,
land-line phone, cell phone, ISP, long distance carrier, municipal
taxes, auto club etc are pre-authorized to debit either our
checking account or credit account for the required amounts which
often vary somewhat from month to month. There is absolute NO cost
to us for having this done. No charge by the payee, no charge by
the bank or credit card company. The LDistance bill comes by
e-mail as a paper bill would cost us $1 a month. Where possible,
bills are streamed to the credit card as we get an annual cash
rebate for anything charged to the CC which, BTW, is full paid off,
AUTOMATICALLY, **EVERY** month, by debit to the checking account.
Few accounts require any manual intervention, e.g. car/house
insurance, annually, simply requires a letter or phone call supply
them with our credit card #. Paying that insurance more often would
incur finance charges. Bank charges NO service charges as long as
we keep $1500 minimum balance. Since it is up to the payees to
process the pre-authorized debits, we never get ANY static for
timing problems. Since we track all accounts in Quicken (and have
done so since 1994), there is never any worry as to not having
enough funds in the checking account.
I am not aware of any easier or cheaper method of handling family
finances aside from having a personal accountant who works Pro
Bono.
It just seems so antiquated to have to pay Quicken to send out,
ugh, checks. So many things can go wrong, not the least of which is
the carrier who brings the checks to the payees.
Cy Burnot
Interesting! What banks do this?
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv3db6$5q3$1...@dont-email.me...
Uh, I'm in Canada. All chartered banks in Canada plus most Canadian
credit unions. Different financial institutions may have different
minimum balances before service charges are waived, I caution. As
usual, as they say, YMMV. I just despise service charges of any
type especially since 99% of the time the service charge is vastly
higher than the actual cost of the service. Quicken Bill Pay is one
gigantic rip off and you can quote me on that--even in
"retirement", I still do some work, I.e. income tax prep, in the
financial sector. If there is a cheaper, easier way of doing
something involving money, I intend to find out about it and apply
it if and when relevant.
Arnie Goetchius
Why not just convert your account to a PMA account to get free Quicken
Han
@dont-email.me:
>> It just seems so antiquated to have to pay Quicken to send out,
>> ugh, checks. So many things can go wrong, not the least of which is
>> the carrier who brings the checks to the payees.
>
> Interesting! What banks do this?
This would be authorizing the payee (Verizon, credit card company, utility,
what have you) to pull the money from your checking account on the due
date. The advantages are that 1. It doesn't cost you anything. 2. It
leaves it up to the payee to make sure they get the money on time. 3. no
need on your part to do anything but check the bill and dispute any
discrepancies,and make sure your balance is OK. Most repeating payees do
this, because it cuts down on their administrative costs.
--
Best regards
Han
email address is invalid
Porter Smith
news:Xns9F1B6E75B...@207.246.207.165:
I've never been comfortabel with alowing some company to automatically
woithdraw money from my bank account. What happens if they make a
mistake or you want to contest a charge?
I have several vendors (CATV, Electric company)who automatically charge
my Visa card each month. The rest I pay via Quicken Bill Pay, which for
the time being is free.
Cy Burnot
> Uh, I'm in Canada. All chartered banks in Canada plus most Canadian
> credit unions.
Oh. I'm not.
> Different financial institutions may have different
> minimum balances before service charges are waived, I caution. As
> usual, as they say, YMMV. I just despise service charges of any
> type especially since 99% of the time the service charge is vastly
> higher than the actual cost of the service. Quicken Bill Pay is one
> gigantic rip off
How can it be a rip-off if I don't have to pay for it?
> and you can quote me on that--even in
> "retirement", I still do some work, I.e. income tax prep, in the
> financial sector. If there is a cheaper, easier way of doing
> something involving money, I intend to find out about it and apply
> it if and when relevant.
Good for you! I hope you'll share what you find. :-)
Cy Burnot
I see. Would I still get a bill for my records?
Thanks.
Cy Burnot
$25,000 minimum balance??????
Porter Smith
Sometimes the "balance" includes the credit limit (not the amount
actually borrowed) on a Home Equity Line Of Credit. I know Wachovia
worked that way. Not sure about WF.
Cy Burnot
> I paid nothing when my account was at Wachovia! Is there a magic number
> to call or a magic phrase that will cancel that charge?
>
> Thanks.
Did a little research. I have a "Consumer Disclosure" brochure dated
2/5/11.
It describes the Wells Fargo Crown Classic account and says "This
product is no longer available." (page 36)
So I'm moving to PNC Bank. Their "Performance Checking" account pays
0.01% interest!! And the use of Quicken is free.
Thanks for all the suggestions and support.
Jim H
The web page for the PMA account offers free bill pay through the Wells
Fargo web page. It does not give you free Quicken bill pay or free
Quicken direct connect download.
I have a PMA account, and I pay $3.00 per month for Quicken direct
connect. I use the web page for bill pay. I copy-and-paste the amount
into the web page from my Quicken register (ctl-c / ctl-v), and copy the
transaction verification number from the web page into my Quicken
transactions. It is quick, easy, painless, and free.
--
Jim
Ken Blake
wrote:
> Seriously, what with the availability of
> FREE pre authorization of debits to cover regular obligations, WHY
> even bother with Quicken Bill Pay and all the concern about
> payments reaching the payee in time to avoid penalty? Absolutely NO
> need for Quicken Bill Pay these days.
It's not a matter of "need" but I've been using Quicken Bill Pay for
years, and I've never had a problem with a payment reaching the payee
on time, not have I ever had any other problem with it.
I think it's great, for the following reasons (in no particular
order):
1. I pay a bill the day it arrives, but schedule it to be paid a
couple of days in advance. Back when I used to pay bills manually, I
used to put the bills aside until a few days before they were due, and
pay them then. Besides that being a nuisance, I always had the risk of
forgetting one.
2. When I go on vacation, I pay all bills that will come due while I'm
away, again scheduled to be paid on the day needed. If I don't know
the exact amount (for example, a credit card payment) I estimate it.
3. It's the bank's stamp, not mine. That doesn't save me a fortune,
but it adds up to a few dollars a year.
4. The act of paying a bill and the act of making an entry in the
check register are one and the same, so there is no risk of the two
being different.
5. I not only pay bills this way, but any other payments I used to do
by mail. For example, if I want to send a check to a family member as
a gift, I do it that way.
6. Once I get the info for a payee into Quicken, there is never a risk
of my doing it wrong in the future. I don't have to worry about names
being spelled wrong, addresses being wrong, etc.
7. It's extremely quick and easy.
So I highly recommend using it.
--
Ken Blake
Cy Burnot
But not as painless as what I was doing before which did not involve
copy/paste for every transaction.
Arnie Goetchius
this may make you eligible for free WF bill pay but not Quicken bill pay.
nob...@nada.com
<arnie.g...@invalid.domain> wrote:
What it actually said was that whatever you were paying at Wachovia
would be what you's pay at Wells Fargo. We had Crown Classic 50+
accounts, so it's free. I don't know that the other kinds of accounts
were paying.
nob...@nada.com
wrote:
Doesn't that depend on what you pay for it? Mine is free. How's that a
"rip off"?
> I still do some work, I.e. income tax prep, in the
>financial sector. If there is a cheaper, easier way of doing
>something involving money, I intend to find out about it and apply
>it if and when relevant.
What's easier than Qicken bill pay and still gives you one place to
look to find everything about your payment history for years?
>
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nob...@nada.com
wrote:
>Han <nob...@nospam.not> wrote in
>news:Xns9F1B6E75B...@207.246.207.165:
>
>> Cy Burnot <c.colin.bac...@gmail.com> wrote in
>> news:iv3db6$5q3$1 @dont-email.me:
>>
>>>> It just seems so antiquated to have to pay Quicken to send out,
>>>> ugh, checks. So many things can go wrong, not the least of which is
>>>> the carrier who brings the checks to the payees.
>>>
>>> Interesting! What banks do this?
>>
>> This would be authorizing the payee (Verizon, credit card company,
>> utility, what have you) to pull the money from your checking account
>> on the due date. The advantages are that 1. It doesn't cost you
>> anything. 2. It leaves it up to the payee to make sure they get the
>> money on time. 3. no need on your part to do anything but check the
>> bill and dispute any discrepancies,and make sure your balance is OK.
>> Most repeating payees do this, because it cuts down on their
>> administrative costs.
>>
>I've never been comfortabel with alowing some company to automatically
>woithdraw money from my bank account. What happens if they make a
>mistake or you want to contest a charge?
You've got a hassle. I had one company not put in a decimal point in
their withdrawal and instead of $275.55 being withdrawn, they tried
for $27,555. Unfortunatley there was overdraft protection and it was
quite a hassle to get the money put back. It took weeks.
nob...@nada.com
wrote:
Absolutely agree. It's so easy, especially after you get the payee
set up one, I don't see the advantages of changing my bill paying
habits.
Arnie Goetchius
That's what I recall so if I start getting billed for Quicken bill pay
after the transfer on 7/23, I will definitely complain. I have a good
relationship with the people at my local WF office so I expect they will
be able to take care of it if there is a problem.
nob...@nada.com
<arnie.g...@invalid.domain> wrote:
>Cy Burnot wrote:
>> Arnie Goetchius has written on 7/4/2011 7:49 AM:
>>> nob...@nada.com wrote:
>>>> On Sun, 03 Jul 2011 22:03:57 -0400, Arnie Goetchius
>>>> <arnie.g...@invalid.domain> wrote:
>>>>
>>>>> Cy Burnot wrote:
>>
>> I did have a Crown Classic account and I just got off the phone with
>> James who said that there is no way to do with WF as I did with Wachovia
>> unless I maintain a $5000 balance in my checking account!!!
>>
>>
>
>Why not just convert your account to a PMA account to get free Quicken
>
>https://www.wellsfargo.com/wfonline/bill_pay/fee_waiver
I can't find where it says Quicken Bill Pay is free with those
accounts, just WF online bill pay. Try here instead:
https://www.wellsfargo.com/biz/financial_software/quicken/faq
nob...@nada.com
Right, keep $25K where you can get a whopping .5% return. It would be
smarter to invest the $25K elsewhre and pay the Quicken fees.
nob...@nada.com
How is that less painful or quicker than just entering the payment in
Quicken, espcially if the payee its already in the system?
Andrew
:: Cy Burnot has written on 7/3/2011 7:09 PM:
You've been burned by a bank once, why try another one? (The magic word is
'credit union').
--
-------------------------------------------------------------
Regards -
- Andrew
John Pollard
news:nc6c17dh6h0jjalla...@4ax.com
To the best of my knowledge, "Quicken Bill Pay" is never free ... to
anyone. "Quicken Bill Pay" is an Intuit product that always costs about
$10/month. It works with almost every financial institution, even
financial institutions that do not offer their own billpay. When you pay
for this service, you are paying Intuit.
The ability to send billpay instructions to your financial institution via
Quicken is not "Quicken Bill Pay".
Not all financial institutions that offer billpay, offer the ability to
send billpay instructions via Quicken.
And some financial institutions that allow the user to send billpay
instructions via Quicken may charge for doing so. When you pay for this
service, you are paying your financial institution, not Intuit.
--
John Pollard
news://<YOUR-NNTP-NEWSERVER-HERE>/alt.comp.software.financial.quicken
Your source of user-to-user Quicken help
Han
> On 07 Jul 2011 15:41:54 GMT, Porter Smith <my_por...@yahoo.com>
> wrote:
>
>>Han <nob...@nospam.not> wrote in
>>news:Xns9F1B6E75B...@207.246.207.165:
<snip>
>>> This would be authorizing the payee (Verizon, credit card company,
>>> utility, what have you) to pull the money from your checking account
>>> on the due date. The advantages are that 1. It doesn't cost you
>>> anything. 2. It leaves it up to the payee to make sure they get the
>>> money on time. 3. no need on your part to do anything but check the
>>> bill and dispute any discrepancies,and make sure your balance is OK.
>>> Most repeating payees do this, because it cuts down on their
>>> administrative costs.
>>>
>>I've never been comfortabel with alowing some company to automatically
>>woithdraw money from my bank account. What happens if they make a
>>mistake or you want to contest a charge?
>
> You've got a hassle. I had one company not put in a decimal point in
> their withdrawal and instead of $275.55 being withdrawn, they tried
> for $27,555. Unfortunatley there was overdraft protection and it was
> quite a hassle to get the money put back. It took weeks.
It would not be good for the bank to give me a hassle with that. There
are still plenty of banks to switch to. For such a stupid error I would
also immediately tell them: "Fix it now, and all will be well. Don't
fix it now and I'll bill you my usual hourly rate, in whole hours rounded
up"
The few times I've had a bit of a problem, it was worked out real easy.
Again, probably because this system is rather cost effective for
everyone.
>>I have several vendors (CATV, Electric company)who automatically charge
>>my Visa card each month. The rest I pay via Quicken Bill Pay, which for
>>the time being is free.
Not using Quicken bill pay, because it isn't necessary (for me). I also
have several payees charge their monthly bills to credit cards (goes
without saying).
Han
You (at least I) will still get the usual bill. On it it will say that
the amount due will be charged to your credit card, or taken from you
bank account on that and that date. Since there is no uniformity in how
this info is presented,it may require looking for it through the bill.
Han
Yep. Almost as easy as letting the payee take care of the scheduling and
pulling the money.
Sharx3335
"Porter Smith" <my_por...@yahoo.com> wrote in message
news:Xns9F1B773BDF12Em...@207.246.207.165...
In almost 20 years, I've only had to contest a charged amount
once--the problem was quickly resolved. Pre-authorizing monthly
debits has saved me thousands of hours over 20 years. But, hey, we
all value our time differently, eh?
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv4kle$pu$2...@dont-email.me...
I get a paper bill every month for all, save 1, of the
pre-authorized payees. My long-distance bill is e-mailed to me--I
then print it out. This saves me $1 a month. Cell-phone top-up of
$10.50 a month is not paper invoiced--I just go on line to the
provider and print out an account statement, IF and when necessary.
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv4kle$pu$2...@dont-email.me...
I get a paper bill every month for all, save 1, of the
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv4kjn$pu$1...@dont-email.me...
> Sharx3335 has written on 7/7/2011 3:37 AM:
>> Uh, I'm in Canada. All chartered banks in Canada plus most
>> Canadian
>> credit unions.
>
> Oh. I'm not.
>
>> Different financial institutions may have different
>> minimum balances before service charges are waived, I caution.
>> As
>> usual, as they say, YMMV. I just despise service charges of any
>> type especially since 99% of the time the service charge is
>> vastly
>> higher than the actual cost of the service. Quicken Bill Pay is
>> one
>> gigantic rip off
>
> How can it be a rip-off if I don't have to pay for it?
A LOT of people DO pay for that greatly overpriced service. And a
lot more who USED to get it free and now finding that freeby
eliminated. Just review the dozens of posts in this newsgroup from
people who have started to get charged for the previously free
service.
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv4nl7$m3n$1...@dont-email.me...
What about all your time EACH AND EVERY MONTH dicking around with
Quicken Pay?
Cy Burnot
> Cy Burnot wrote:
> :: Cy Burnot has written on 7/3/2011 7:09 PM:
> ::: I paid nothing when my account was at Wachovia! Is there a magic
> ::: number to call or a magic phrase that will cancel that charge?
> :::
> ::: Thanks.
> ::
> :: Did a little research. I have a "Consumer Disclosure" brochure dated
> :: 2/5/11.
> ::
> :: It describes the Wells Fargo Crown Classic account and says "This
> :: product is no longer available." (page 36)
> ::
> :: So I'm moving to PNC Bank. Their "Performance Checking" account pays
> :: 0.01% interest!! And the use of Quicken is free.
> ::
> :: Thanks for all the suggestions and support.
>
> You've been burned by a bank once, why try another one? (The magic word is
> 'credit union').
Been there, done that. We like a nearby physical branch and there aren't
any.
Cy Burnot
What about trusting big bad banks?
Cy Burnot
I don't have anything that said that and the phone rep in the software
dept said "No".
Cy Burnot
Mea culpa.
> And some financial institutions that allow the user to send billpay
> instructions via Quicken may charge for doing so.
Yeah, well...whatever it's called, I had it and didn't pay when my
account was at Wachovia, and now Wells Fargo is charging me for it.
Cy Burnot
Even smarter is to move to a PNC Bank account where the direct deposit
of our Social Security checks satisfies their minimum and paying bills
using Quicken is free!
Han
@dont-email.me:
I've dealt with Citibank in New York, and now use Chase in NJ. They have
never been a problem. The problems (that got fixed relatively easily)
were with a company called Jamaica Water in Nassau County (a water
utility that has since been taken over at least once), and Verizon here
in Jersey (too big for their breeches). Yes, in order to get free
banking this or that, they require inordinately large deposits or debts,
but I use those to my advantage too. (I am lucky and/or frugal enough to
have stuff squirreled away).
Cy Burnot
>> What about trusting big bad banks?
>
> I've dealt with Citibank in New York, and now use Chase in NJ. They have
> never been a problem. The problems
That's quite a juxtaposition, Han. :-)
> (that got fixed relatively easily)
Relatively, huh?
> were with a company called Jamaica Water in Nassau County (a water
> utility that has since been taken over at least once), and Verizon here
> in Jersey (too big for their breeches).
I have to deal with VZ too. Good to avoid.
> Yes, in order to get free
> banking this or that, they require inordinately large deposits or debts,
> but I use those to my advantage too. (I am lucky and/or frugal enough to
> have stuff squirreled away).
And they're paying 1.5% on your money? PNC told me today that their
money market is now paying 0.10 %.
I have better ways to invest my money.
Jim H
I didn't say it was less painful than Quicken bill pay. I just said it
was quick, easy, painless, and free. But, since you ask, it is $10.00
per month less painful.
Sharx3335
"Ken Blake" <kbl...@kb.invalid> wrote in message
news:1rtb17h5gdnhivobt...@4ax.com...
> On Wed, 6 Jul 2011 21:34:43 -0600, "Sharx3335"
> <shar...@hotmail.com>
> wrote:
>
>> Seriously, what with the availability of
>> FREE pre authorization of debits to cover regular obligations,
>> WHY
>> even bother with Quicken Bill Pay and all the concern about
>> payments reaching the payee in time to avoid penalty? Absolutely
>> NO
>> need for Quicken Bill Pay these days.
>
>
> --
> Ken Blake
You guys just don't get it!!! EVERY month, using your system, you
have to pay each individual bill. Using MY system, once a payee is
set up, NO MORE WORK--each and every month for years and years and
years--all monthly payments are AUTOMATIC. My only involvement is
scanning the bill to ensure its accuracy. 99.9999999999999999999%
of the time it is accurate. I don't know why, except out of habit,
why anyone wants to have to spend any more time on bill paying than
is absolutely necessary.
Sharx3335
"Jim H" <ji...@invalid.com> wrote in message
news:bYCdnfQ0Xvima4jT...@giganews.com...
> On 7/7/2011 5:22 AM, Arnie Goetchius wrote:
>> Cy Burnot wrote:
>>> Arnie Goetchius has written on 7/4/2011 7:49 AM:
>>>> nob...@nada.com wrote:
>>>>> On Sun, 03 Jul 2011 22:03:57 -0400, Arnie Goetchius
>>>>> <arnie.g...@invalid.domain> wrote:
>>>>>
>>>>>> Cy Burnot wrote:
>>>
>>> I did have a Crown Classic account and I just got off the phone
>>> with
>>> James who said that there is no way to do with WF as I did with
>>> Wachovia
>>> unless I maintain a $5000 balance in my checking account!!!
>>>
>>>
>>
>> Why not just convert your account to a PMA account to get free
>> Quicken
>>
>> https://www.wellsfargo.com/wfonline/bill_pay/fee_waiver
>
> The web page for the PMA account offers free bill pay through the
> Wells Fargo web page. It does not give you free Quicken bill pay
> or free Quicken direct connect download.
>
> I have a PMA account, and I pay $3.00 per month for Quicken
> direct connect. I use the web page for bill pay. I copy-and-paste
> the amount into the web page from my Quicken register (ctl-c /
> ctl-v), and copy the transaction verification number from the web
> page into my Quicken transactions. It is quick, easy, painless,
> and free.
>
> --
> Jim
Having to copy and paste EACH BILL EACH and EVERY MONTH, is
******NOT******* quick, easy, and painless. It is only "free" if
you place absolutely NO value on your own time.
Sharx3335
"John Pollard" <8plu...@gmail.com> wrote in message
news:iv58q7$dbl$1...@dont-email.me...
John is correct. Also, so-called "free" Bill pay, through Quicken
or otherwise, will become rarer and rarer. Meanwhile, my method,
I.e. Pre-authorized debiting by payee, remains free and simple.
Sharx3335
"Jim H" <ji...@invalid.com> wrote in message
news:SMednQsguNSD9IvT...@giganews.com...
What about how EVERY month, how you have to INDIVIDUALLY pay each
bill? What about the value of YOUR TIME?
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv5ggc$ulp$2...@dont-email.me...
Sharx rolls eyes, realizing that he's probably talking with another
aging left-wing hippy, who still distrusts "da man".
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv5mlc$sqp$1...@dont-email.me...
Such as paying Quicken $10 a month?
Han
> Han has written on 7/7/2011 9:03 PM:
>>> What about trusting big bad banks?
>>
>> I've dealt with Citibank in New York, and now use Chase in NJ. They
>> have never been a problem. The problems
>
> That's quite a juxtaposition, Han. :-)
>
>> (that got fixed relatively easily)
>
> Relatively, huh?
>
>> were with a company called Jamaica Water in Nassau County (a water
>> utility that has since been taken over at least once), and Verizon
>> here in Jersey (too big for their breeches).
The problem with Jamaica Water predates Quicken - it was with the very
old Citibank Direct Access. Was more of a problem for Citibank,because
they had to handle the problem and convince JW to refund the penalties.
> I have to deal with VZ too. Good to avoid.
Pay close attention to the bills and revoke auto payment if necessary.
Then pay what you owe until VZ fixes the problem after which you return
to the status quo ante.
>> Yes, in order to get free
>> banking this or that, they require inordinately large deposits or
>> debts, but I use those to my advantage too. (I am lucky and/or
>> frugal enough to have stuff squirreled away).
>
> And they're paying 1.5% on your money? PNC told me today that their
> money market is now paying 0.10 %.
>
> I have better ways to invest my money.
OK, the interest I get is indeed almost negligible, but then, I don't
have anything invested except a smallish IRA. Most of the required
balance is debt (my HELOC, on which I pay 2.24% interest, deductible
under current IRS rules).
Han
@speranza.aioe.org:
> What about how EVERY month, how you have to INDIVIDUALLY pay each
> bill? What about the value of YOUR TIME?
The automagic paying by letting the payee pull amounts due from checking or
credit card is indeed a bit easier than issuing a Quicken or other payment,
but the time consuming part of reconcilation is still checking the bills.
I'm totally anal about that.
Sharx3335
"Han" <nob...@nospam.not> wrote in message
news:Xns9F1C3F236...@216.151.153.39...
You and me both, Han. I check the entire bill, not just the dollar
amounts, e.g. consumptions units on water, power, and gas to make
sure that amount consumed is ballpark reasonable. Nothing anal
about ensuring accuracy--that does need the human touch. On the
other hand, the actual payment process is mechanical and need not
be manually done.
Andrew
:: Andrew has written on 7/7/2011 5:30 PM:
OK Cy - works for me. Obviously, I don't know where you live, but in the
somewhat recent past, Credit Unions have been given a wider latitude for
membership in terms of geographical terms, not just in employment
relationships, etc. that were in effect for many years. So the nearby CU
branch that you might have may indeed be available to you now. But I accept
your comment; I too like seeing/using a bricks and mortar FI.
--
-------------------------------------------------------------
Regards -
- Andrew
Cy Burnot
NJ,USA. The nearest credit union of any kind that Google can find is
about 10 miles away in an army base, and you have to notify them 24
hours in advance to get access to the base to get to the CU office! :-)
Cy Burnot
When I shift my account to PNC, I will be paying $0 period.
Historically, I have never paid anything to use Quicken until Wells Fargo.
Cy Burnot
"Da man"? Haven't you been reading the newspapers over the past few years?
Jim H
I work cheap. :) Really, I'm retired. I have the time, and the effort is
minimal.
This morning, I paid my electric bill. It took about one minute. I had
to verify the amount, and I had the security of knowing that it was
correct before the money was spent. My electric bill was almost $300.00.
(It has been about 115F here for the month.) The one minute that I spent
on paying it is insignificant compared to everything else involved.
Two days ago, I made two payments, and my monthly donations. That took
about two minutes. This is what I'm comfortable with. So, it comes down
to about 15 minutes per month. And, as I said, I work cheap.
For those companies that let me pay by credit card, I do that. But, I
don't normally use a debit card, or let someone take money from my
checking account. Credit cards offer protections that are not always
available through debit transactions.
--
Jim
Jim H
Cut and paste is a mouse click, a key stroke, a mouse click, and a key
stroke. It took 3 seconds. So, what is the painful part?
Jim H
I used to belong to two credit unions. I had several very large CD's at
them. Their service was poor, but their interest rates were great. One
decided to close all branches in my city and fire all the employees, so
I closed all accounts with them, and I told them why. The other dropped
their interest rates to lower than the bank. I now have $300 there just
to keep the account open.
They both offered direct connect for a while. They dropped that, and I
had to switch to web connect. Then they added verification screens that
stopped that working. Their tech support was pitifully bad, and offered
no help. Now, I manually verify my statement each quarter, and hardly
ever go online with them.
If they ever raise interest rates, I'll consider a CD, but I'd never
make them my primary financial institution.
--
Jim
Cy Burnot
> I work cheap. :) Really, I'm retired. I have the time, and the effort is
> minimal.
>
> This morning, I paid my electric bill. It took about one minute. I had
> to verify the amount, and I had the security of knowing that it was
> correct before the money was spent. My electric bill was almost $300.00.
> (It has been about 115F here for the month.) The one minute that I spent
> on paying it is insignificant compared to everything else involved.
>
> Two days ago, I made two payments, and my monthly donations. That took
> about two minutes. This is what I'm comfortable with. So, it comes down
> to about 15 minutes per month. And, as I said, I work cheap.
>
> For those companies that let me pay by credit card, I do that. But, I
> don't normally use a debit card, or let someone take money from my
> checking account. Credit cards offer protections that are not always
> available through debit transactions.
+1
Ken Blake
wrote:
> You guys just don't get it!!! EVERY month, using your system, you
> have to pay each individual bill.
On the contrary, although some payments I make are for monthly bills,
not all are. Some are annual, some are semi-annual, and some are
completely irregular.
> Using MY system, once a payee is
> set up, NO MORE WORK--each and every month for years and years and
> years--all monthly payments are AUTOMATIC.
Four points:
1. I use your system for *some* bills--mostly utility bills, where the
amounts paid are either consistent or reasonably close to consistent.
2. For monthly payments that can fluctuate widely in amount, I have no
interest in such a payment being automatic. I want to know how much
the charge is, I want to check the charges against my receipts, and I
want to make sure there is enough cash in the checking account to
cover it.
3. The amount of work involved in doing it my way is extremely small.
It takes only a few seconds for me to pay a bill.
4. Doing what I do, I get to choose the date on which a bill is paid.
Doing it your way, the company that bills you gets to choose the date,
and they choose the earliest possible date. So I get considerably more
float on my money than you do.
--
Ken Blake
Han
> On Thu, 7 Jul 2011 23:25:37 -0600, "Sharx3335" <shar...@hotmail.com>
> wrote:
>
>> You guys just don't get it!!! EVERY month, using your system, you
>> have to pay each individual bill.
>
>
>
> On the contrary, although some payments I make are for monthly bills,
> not all are. Some are annual, some are semi-annual, and some are
> completely irregular.
>
>
>> Using MY system, once a payee is
>> set up, NO MORE WORK--each and every month for years and years and
>> years--all monthly payments are AUTOMATIC.
>
>
> Four points:
In my opinion (of course, that's all it is, my opinion, you need to be
comfortable with what you're doing) none of these points are in favor of
paying the bills yourself. Au contraire, having the payees pull the
payment is easier, more economical, more soothing for the conscience:
> 1. I use your system for *some* bills--mostly utility bills, where the
> amounts paid are either consistent or reasonably close to consistent.
>
> 2. For monthly payments that can fluctuate widely in amount, I have no
> interest in such a payment being automatic. I want to know how much
> the charge is, I want to check the charges against my receipts, and I
> want to make sure there is enough cash in the checking account to
> cover it.
I do 1 and 2 too. The I have the payee pull the payments.
> 3. The amount of work involved in doing it my way is extremely small.
> It takes only a few seconds for me to pay a bill.
After the initial setup (easy) there is no work to get the bill paid via
a pull transaction. For most payees it gets "done" on the due date. No
need to paying in advance a few days to allow for USPS, or whatever (Long
ago Citibank used a post office out on a corner of Long Island only
accessible via canoe, hence they took your money out a few days early
more so the paddler could get across).
> 4. Doing what I do, I get to choose the date on which a bill is paid.
> Doing it your way, the company that bills you gets to choose the date,
> and they choose the earliest possible date. So I get considerably more
> float on my money than you do.
It is the job of the payee to make sure payment gets to him (her) on
time. No need for me to count holidays and weekends to make sure things
get there, and I also can go on vacation with a restful mind.
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv76qj$u25$3...@dont-email.me...
None of my investments, approaching the high 6 figure bracket, were
affected, BECAUSE I realize I read the newspapers and far more,
besides.
Sharx3335
"Jim H" <ji...@invalid.com> wrote in message
news:2aSdnWqfgtx0rIrT...@giganews.com...
Luddites...your ancestors would have said something about how it
takes but a few minutes to hook up a horse to a wagon.
Sharx3335
"Ken Blake" <kbl...@kb.invalid> wrote in message
news:v31f171lasbp40rc9...@4ax.com...
I KNOW how much the charge is because I get a bill, usually in the
snail mail, some by e-mail, BEFORE the payment date.
>
> 3. The amount of work involved in doing it my way is extremely
> small.
> It takes only a few seconds for me to pay a bill.
It takes me NO seconds.
>
> 4. Doing what I do, I get to choose the date on which a bill is
> paid.
> Doing it your way, the company that bills you gets to choose the
> date,
> and they choose the earliest possible date. So I get considerably
> more
> float on my money than you do.
Bull. ALL my pre-authorized payments are paid ON THE DUE DATE. Only
an idiot would choose to pay a bill BEFORE the due date, unless it
was a payee who offered discounts for early payment. I have none of
those. As soon as YOUR net worth is about a million, THEN you can
start giving ME lectures about finance. UNTIL THEN. FO...
>
> --
> Ken Blake
.
Sharx3335
"Han" <nob...@nospam.not> wrote in message
news:Xns9F1CC07A...@216.151.153.139...
Good post, Han. At least two of us know how to use technology for
OUR benefit and NOT the financial institution or the payee!!!
Cy Burnot
>>
>> "Da man"? Haven't you been reading the newspapers over the past
>> few years?
>
> None of my investments, approaching the high 6 figure bracket, were
> affected, BECAUSE I realize I read the newspapers and far more,
> besides.
1) I was talking about the immoral mortgage loan operations, the refusal
to take the TARP money and lend it, etc. Your reference is too Wall
Street and risky investments,
2) You're quite a guy to have read the market and escaped with no loss.
Is your crystal ball available to the rest of us? ;-)
Sharx3335
"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
news:iv82mh$iaf$1...@dont-email.me...
Cy....allow me to rephrase. I wasn't directly affected by the
various illegal "carryons-on" of recent history. HOWEVER, I most
certainly was affected by the overall plunge in the market in 2008.
My buddy had the crystal ball--he dumped all his stock in
June/2008. Sometimes I wonder if I wouldn’t have been better off,
in the long run, to have put everything into very conservative
"under the mattress" type investments. Due to the somewhat
different government oversight mechanisms here in Canada, we
weren't quite as screwed over as our neighbours south of the 49th.
Toward of goal of restoring "peace in the valley" in this
newsgroup, let me state that if a person wants to pay bills the way
their grand-parents did, I have to grant them that right, e.g.
going to bank, getting out cash, going to payee, paying bill. Or,
like our parents did: taking bill to bank, paying bill there, along
with a humongous service charge OR getting out check book, filling
out check, getting out envelope, addressing envelope, applying
postage, then schlepping it to the post office. OR paying a 3rd
party to pay the bill, carefully having to calculate the timing,
hoping that none of the various links in the process fail.
YMMV!!!!!!!
Jim H
>
>
> Luddites...your ancestors would have said something about how it takes
> but a few minutes to hook up a horse to a wagon.
>
I started working in computers 44 years ago. I know how instruction
pre-fetch and operand wrap-around work. I know how the data is read off
the disk, and how it is de-serialized. I was advanced before you knew
the word.
I like the technology to serve me in MY WAY, not in your way.
My ancestors are all dead. They don't say much.
--
Jim
Jim H
>
> None of my investments, approaching the high 6 figure bracket, were
> affected, BECAUSE I realize I read the newspapers and far more, besides.
Well, you did good! My losses were in the high 6 figures. So, I fired my
broker, and I do it myself now. He did his job, he made me broker.
I've gained a lot of it back, at least the investment part. The real
estate is still down, but I bought more cheap, and I'm not selling any.
--
Jim
Sharx3335
"Jim H" <ji...@invalid.com> wrote in message
news:Esadnfb2HLhLPorT...@giganews.com...
> On 7/8/2011 3:59 PM, Sharx3335 wrote:
>>
>>
>> Luddites...your ancestors would have said something about how it
>> takes
>> but a few minutes to hook up a horse to a wagon.
>>
>
> I started working in computers 44 years ago. I know how
> instruction pre-fetch and operand wrap-around work. I know how
> the data is read off the disk, and how it is de-serialized. I was
> advanced before you knew the word.
Yeah, I started in IP in 1973 as a operator on an IBM 360 25
system, complete with key punch stations, verifier, card sorter,
tape machines, card punch, card reader, 140n line printer...the
whole shebang. I studied Assembler, RPG, Cobol languages. With
Assembler we HAD to code each action...or it wouldn't happen.
However, it is NOW 2011. That was then. This was now. We do NOT
need "hands-on" actions for mundane matters...unless, of course, we
insist on being Luddites.
Sharx3335
"Jim H" <ji...@invalid.com> wrote in message
news:kP-dnaQeSoWQOIrT...@giganews.com...
Jim, see my later post where I DID state that I, too, got nailed in
the 2008 crash. Yeah, I had a broker, too, but I fault myself for
not leaning on him more than I did. His investing was AOL might
have been a clue. My present broker's fees are less, plus he
confirms most actions with me prior to the trade. I just don't
have the inclination to be constantly researching WHAT to buy, WHEN
to buy, WHEN to sell, WHAT to sell, etc.. This is an example where
I am willing to pay others to do something...of course, most of
what I pay is tax deductible, in some way or another.
nob...@nada.com
<c.colin.bac...@gmail.com> wrote:
>nob...@nada.com has written on 7/7/2011 4:37 PM:
>> On Wed, 06 Jul 2011 21:32:37 -0400, Arnie Goetchius
>> <arnie.g...@invalid.domain> wrote:
>>
>>>Cy Burnot wrote:
>>>> Arnie Goetchius has written on 7/4/2011 7:49 AM:
>>>>> nob...@nada.com wrote:
>>>>>> On Sun, 03 Jul 2011 22:03:57 -0400, Arnie Goetchius
>>>>>> <arnie.g...@invalid.domain> wrote:
>>>>>>
>>>>>>> Cy Burnot wrote:
>>>>>>>> I paid nothing when my account was at Wachovia! Is there a magic number
>>>>>>>> to call or a magic phrase that will cancel that charge?
>>>>>>>>
>>>>>>>> Thanks.
>>>>>>> Should be free if you have an eligible account. For a list of eligible
>>>>>>> accounts, see https://www.wellsfargo.com/wfonline/bill_pay/fee_waiver
>>>>>>
>>>>>> That link says nothing about accounts coverted from Wachovia Crown
>>>>>> Classic accounts, which should still be gree, including the bill pay.
>>>>>> It says so in the materials Wells Fargo sent to Wachovia customers
>>>>>> just before the changeover.
>>>>>
>>>>> Correct. Crown Classic accounts at Wachovia converting to Wells Fargo
>>>>> still receive free bill pay using Quicken. The OP did not say he had a
>>>>> Wachovia Crown Classic but, as the link shows, there are other ways to
>>>>> get bill pay for free at Wells Fargo. I established a PMA account at
>>>>> Wells Fargo which has free bill pay. I also have a Wachovia Crown
>>>>> Classic which will convert in a couple of weeks. Either way, I expect
>>>>> bill pay to be free.
>>>>
>>>> I did have a Crown Classic account and I just got off the phone with
>>>> James who said that there is no way to do with WF as I did with Wachovia
>>>> unless I maintain a $5000 balance in my checking account!!!
>>>>
>>>>
>>>I'll have to see if I can find the material they sent stating
>>>specifically that Crown Classic accounts that moved to WF would still
>>>get Quicken free. The manager at my local WF office said I would also
>>>get bill pay free if I opened a PMA account. So I did.
>>
>> What it actually said was that whatever you were paying at Wachovia
>> would be what you's pay at Wells Fargo. We had Crown Classic 50+
>> accounts, so it's free. I don't know that the other kinds of accounts
>> were paying.
>
>I don't have anything that said that and the phone rep in the software
>dept said "No".
Call them and ask what the Quicken and Quickbooks section of their
Consumer Disclosure, Book 2, page 63 means.
nob...@nada.com
<8plu...@gmail.com> wrote:
><nob...@nada.com> wrote in message
>news:nc6c17dh6h0jjalla...@4ax.com
>> On Thu, 7 Jul 2011 01:37:23 -0600, "Sharx3335"
>> <shar...@hotmail.com> wrote:
>>
>> >
>> >
>> > "Cy Burnot" <c.colin.bac...@gmail.com> wrote
>> > in message news:iv3db6$5q3$1...@dont-email.me...
>> > > Sharx3335 has written on 7/6/2011 11:57 PM:
>> > > >
>> > > >
>> > > > "Cy Burnot" <c.colin.bac...@gmail.com>
>> > > > wrote in message news:iv39o8$lhb$1...@dont-email.me...
>> > > > > Sharx3335 has written on 7/6/2011 11:34 PM:
>> > > > > >
>> > > > > > Just 5 large? Peanuts!! Seriously, what with
>> > > > > > the availability of
>> > > > > > FREE pre authorization of debits to cover
>> > > > > > regular obligations, WHY
>> > > > > > even bother with Quicken Bill Pay and all the
>> > > > > > concern about payments reaching the payee in
>> > > > > > time to avoid penalty? Absolutely
>> > > > > > NO
>> > > > > > need for Quicken Bill Pay these days.
>> > > > >
>> > > > > Tell me about pre-authorization of debits. I'm
>> > > > > not familiar with
>> > > > > it.
>> > > > >
>> > > > > I like Quicken because I've used it for a very
>> > > > > long time and, as
>> > > > > an old
>> > > > > person, I am loathe to change. Also, it helps me
>> > > > > greatly at tax time.
>> > > > >
>> > > > > I'm not concerned with timing; I always pay my
>> > > > > bills on time.
>> > > >
>> > > > Cy, I'm also no "spring chicken". To me, it's all
>> > > > about cost, in money, time, and effort. In all
>> > > > cases, the statements for our regular bills come in
>> > > > plenty of time for us to review them and challenge
>> > > > any errors. I recall but one error in almost 20
>> > > > years. The payee accounts, e.g. power, water,
>> > > > natural gas, sewer, garbage,
>> > > > land-line phone, cell phone, ISP, long distance
>> > > > carrier, municipal
>> > > > taxes, auto club etc are pre-authorized to debit
>> > > > either our checking account or credit account for
>> > > > the required amounts which
>> > > > often vary somewhat from month to month. There is
>> > > > absolute NO cost
>> > > > to us for having this done. No charge by the payee,
>> > > > no charge by the bank or credit card company. The
>> > > > LDistance bill comes by e-mail as a paper bill
>> > > > would cost us $1 a month. Where possible,
>> > > > bills are streamed to the credit card as we get an
>> > > > annual cash rebate for anything charged to the CC
>> > > > which, BTW, is full paid off,
>> > > > AUTOMATICALLY, **EVERY** month, by debit to the
>> > > > checking account.
>> > > > Few accounts require any manual intervention, e.g.
>> > > > car/house insurance, annually, simply requires a
>> > > > letter or phone call supply
>> > > > them with our credit card #. Paying that insurance
>> > > > more often would
>> > > > incur finance charges. Bank charges NO service
>> > > > charges as long as
>> > > > we keep $1500 minimum balance. Since it is up to
>> > > > the payees to process the pre-authorized debits, we
>> > > > never get ANY static for timing problems. Since we
>> > > > track all accounts in Quicken (and have
>> > > > done so since 1994), there is never any worry as to
>> > > > not having enough funds in the checking account.
>> > > >
>> > > > I am not aware of any easier or cheaper method of
>> > > > handling family
>> > > > finances aside from having a personal accountant
>> > > > who works Pro Bono.
>> > > >
>> > > > It just seems so antiquated to have to pay Quicken
>> > > > to send out, ugh, checks. So many things can go
>> > > > wrong, not the least of which is
>> > > > the carrier who brings the checks to the payees.
>> > >
>> > > Interesting! What banks do this?
>
>> > Uh, I'm in Canada. All chartered banks in Canada plus
>> > most Canadian credit unions. Different financial
>> > institutions may have different minimum balances before
>> > service charges are waived, I caution. As usual, as
>> > they say, YMMV. I just despise service charges of any
>> > type especially since 99% of the time the service
>> > charge is vastly higher than the actual cost of the
>> > service. Quicken Bill Pay is one gigantic rip off and
>> > you can quote me on that--even in "retirement",
>
>> Doesn't that depend on what you pay for it? Mine is free.
>> How's that a "rip off"?
>
>To the best of my knowledge, "Quicken Bill Pay" is never free ... to
>anyone. "Quicken Bill Pay" is an Intuit product that always costs about
>$10/month. It works with almost every financial institution, even
>financial institutions that do not offer their own billpay. When you pay
>for this service, you are paying Intuit.
You are correct. I failed to ackowledge the Intuit service from the
one through my bank. Subtle but valid distinction.
But the arguments about how easy it is, or is not, to use are the same
either way.
>
>The ability to send billpay instructions to your financial institution via
>Quicken is not "Quicken Bill Pay".
>
>Not all financial institutions that offer billpay, offer the ability to
>send billpay instructions via Quicken.
>
>And some financial institutions that allow the user to send billpay
>instructions via Quicken may charge for doing so. When you pay for this
>service, you are paying your financial institution, not Intuit.
nob...@nada.com
>nob...@nada.com wrote in news:4k6c1797k5k2nfd2q...@4ax.com:
>
>> On 07 Jul 2011 15:41:54 GMT, Porter Smith <my_por...@yahoo.com>
>> wrote:
>>
>>>Han <nob...@nospam.not> wrote in
>>>news:Xns9F1B6E75B...@207.246.207.165:
>
><snip>
>
>>>> This would be authorizing the payee (Verizon, credit card company,
>>>> utility, what have you) to pull the money from your checking account
>>>> on the due date. The advantages are that 1. It doesn't cost you
>>>> anything. 2. It leaves it up to the payee to make sure they get the
>>>> money on time. 3. no need on your part to do anything but check the
>>>> bill and dispute any discrepancies,and make sure your balance is OK.
>>>> Most repeating payees do this, because it cuts down on their
>>>> administrative costs.
>>>>
>>>I've never been comfortabel with alowing some company to automatically
>>>woithdraw money from my bank account. What happens if they make a
>>>mistake or you want to contest a charge?
>>
>> You've got a hassle. I had one company not put in a decimal point in
>> their withdrawal and instead of $275.55 being withdrawn, they tried
>> for $27,555. Unfortunatley there was overdraft protection and it was
>> quite a hassle to get the money put back. It took weeks.
Except it wasn't tha banks fault. They were set up to pay that bill,
and so they paid it. The problem getting it fixed was getting the
money back from the payee of the payment. That's the risk you take
setting up auto payments of things that vary in amount and can't be
fixed ahead of time.
>
>It would not be good for the bank to give me a hassle with that. There
>are still plenty of banks to switch to. For such a stupid error I would
>also immediately tell them: "Fix it now, and all will be well. Don't
>fix it now and I'll bill you my usual hourly rate, in whole hours rounded
>up"
>
>The few times I've had a bit of a problem, it was worked out real easy.
>Again, probably because this system is rather cost effective for
>everyone.
>
>>>I have several vendors (CATV, Electric company)who automatically charge
>>>my Visa card each month. The rest I pay via Quicken Bill Pay, which for
>>>the time being is free.
>
>Not using Quicken bill pay, because it isn't necessary (for me). I also
>have several payees charge their monthly bills to credit cards (goes
>without saying).
nob...@nada.com
wrote:
So I guess you just trust the payee and don't review the amons being
withdrawn. Or maybe you can do that in no seconds too.
>
>>
>> 4. Doing what I do, I get to choose the date on which a bill is
>> paid.
>> Doing it your way, the company that bills you gets to choose the
>> date,
>> and they choose the earliest possible date. So I get considerably
>> more
>> float on my money than you do.
>
>Bull. ALL my pre-authorized payments are paid ON THE DUE DATE. Only
>an idiot would choose to pay a bill BEFORE the due date, unless it
>was a payee who offered discounts for early payment. I have none of
>those. As soon as YOUR net worth is about a million, THEN you can
>start giving ME lectures about finance. UNTIL THEN. FO...
>
As soon as my net worth drops to only a million, I'll accept your
opinions without review.
nob...@nada.com
>On 7/7/2011 2:02 PM, nob...@nada.com wrote:
>> On Thu, 07 Jul 2011 11:01:08 -0700, Jim H<ji...@invalid.com> wrote:
>>
>>> On 7/7/2011 5:22 AM, Arnie Goetchius wrote:
>>>> Cy Burnot wrote:
>>>>> Arnie Goetchius has written on 7/4/2011 7:49 AM:
>>>>>> nob...@nada.com wrote:
>>>>>>> On Sun, 03 Jul 2011 22:03:57 -0400, Arnie Goetchius
>>>>>>> <arnie.g...@invalid.domain> wrote:
>>>>>>>
>>>>>>>> Cy Burnot wrote:
>>>>>
>>>>> I did have a Crown Classic account and I just got off the phone with
>>>>> James who said that there is no way to do with WF as I did with Wachovia
>>>>> unless I maintain a $5000 balance in my checking account!!!
>>>>>
>>>>>
>>>>
>>>> Why not just convert your account to a PMA account to get free Quicken
>>>>
>>>> https://www.wellsfargo.com/wfonline/bill_pay/fee_waiver
>>>
>>> The web page for the PMA account offers free bill pay through the Wells
>>> Fargo web page. It does not give you free Quicken bill pay or free
>>> Quicken direct connect download.
>>>
>>> I have a PMA account, and I pay $3.00 per month for Quicken direct
>>> connect. I use the web page for bill pay. I copy-and-paste the amount
>>> into the web page from my Quicken register (ctl-c / ctl-v), and copy the
>>> transaction verification number from the web page into my Quicken
>>> transactions. It is quick, easy, painless, and free.
>>
>> How is that less painful or quicker than just entering the payment in
>> Quicken, espcially if the payee its already in the system?
>
>I didn't say it was less painful than Quicken bill pay. I just said it
>was quick, easy, painless, and free. But, since you ask, it is $10.00
>per month less painful.
Not an issue if bill pay through Quicken is free.
nob...@nada.com
wrote:
>
>
>"Jim H" <ji...@invalid.com> wrote in message
>news:SMednQsguNSD9IvT...@giganews.com...
>What about how EVERY month, how you have to INDIVIDUALLY pay each
>bill? What about the value of YOUR TIME?
>
>
Paying bills through Quicken is certainly easier than the poster's cut
and paste.
Paying bills through Quicken takes a few seconds for payees in the
system and for others you have to enter the info for any system.
nob...@nada.com
>"Sharx3335" <shar...@hotmail.com> wrote in news:iv64r4$ujl$1
>@speranza.aioe.org:
>
>> What about how EVERY month, how you have to INDIVIDUALLY pay each
>> bill? What about the value of YOUR TIME?
>
>The automagic paying by letting the payee pull amounts due from checking or
>credit card is indeed a bit easier than issuing a Quicken or other payment,
>but the time consuming part of reconcilation is still checking the bills.
>I'm totally anal about that.
You've got to check the payments in any case. Whether you do it after
payment with automated pay or before by doing it in Quicken seems not
to be much different.
nob...@nada.com
wrote:
>
>
>"Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
>news:iv82mh$iaf$1...@dont-email.me...
>> Sharx3335 has written on 7/8/2011 6:57 PM:
>>>
>>>
>>> "Cy Burnot" <c.colin.bac...@gmail.com> wrote in message
>>> news:iv76qj$u25$3...@dont-email.me...
>>>>
>>>> "Da man"? Haven't you been reading the newspapers over the past
>>>> few years?
>>>
>>> None of my investments, approaching the high 6 figure bracket,
>>> were
>>> affected, BECAUSE I realize I read the newspapers and far more,
>>> besides.
>>
>> 1) I was talking about the immoral mortgage loan operations, the
>> refusal
>> to take the TARP money and lend it, etc. Your reference is too
>> Wall
>> Street and risky investments,
>>
>> 2) You're quite a guy to have read the market and escaped with no
>> loss.
>> Is your crystal ball available to the rest of us? ;-)
>
>Cy....allow me to rephrase. I wasn't directly affected by the
>various illegal "carryons-on" of recent history. HOWEVER, I most
>certainly was affected by the overall plunge in the market in 2008.
>My buddy had the crystal ball--he dumped all his stock in
>June/2008.
More likely he just guessed right this time. Timing the market is a
strategy that no noe has done consistently
nob...@nada.com
I'd suggest reading "The Investor's Manifesto" and see how easy it is
to beat the market with virtually no effort. And it's not another
charlatan with "methods" to get rich. It's all based on the academic
research in financial economics.
The first step is to fire your broker.
Sharx3335
<nob...@nada.com> wrote in message
news:0vef17t226tkdp9fk...@4ax.com...
Are you fucked in the head or where you just BORN stupid? CHECKING
the amounts is common, I would hope, to ANY method of PAYING the
fucking bill. Get a fucking BRAIN, Noob.
Sharx3335
<nob...@nada.com> wrote in message
news:c7ff17p0fsm5r0bk9...@4ax.com...
Obviously mental health treatments are costly, in your area. YOU
being the evidence of that statement.
Sharx3335
<nob...@nada.com> wrote in message
news:csff17p8clki4m8a1...@4ax.com...
We agree on that observation. I consider "market timing" to be
overly risky.
Sharx3335
<nob...@nada.com> wrote in message
news:60gf17p9pdpo888sq...@4ax.com...
The broker ALWAYS gets his cut, no matter how much the market
sucks. Time that brokers were only paid commissions RETROACTIVELY
for investments that GAINED in value.
Bob Wang
Andrew
OK - enough! Some threads in this forum between people who know a lot about
Quicken choose to use the tool and organize their financial lives the way
they see fit. One makes one's case with logical arguments (as they see
it), and if you don't/can't convince the mainstays here that you way is
better, drop it. This thread is becoming tiresome and some people's old
habits are beginning to come back in terms of language and tone.
Some people put everything on auto pilot, some folks like doing everything
manually. Some are in the middle. There's no right and wrong way here.
Let's cool it.
(Han: Totally off topic - Check the GPS forum about my post about Rt 128 and
the 'real' name!)
--
-------------------------------------------------------------
Regards -
- Andrew
Han
>>> You've got a hassle. I had one company not put in a decimal point in
>>> their withdrawal and instead of $275.55 being withdrawn, they tried
>>> for $27,555. Unfortunatley there was overdraft protection and it was
>>> quite a hassle to get the money put back. It took weeks.
>
> Except it wasn't tha banks fault. They were set up to pay that bill,
> and so they paid it. The problem getting it fixed was getting the
> money back from the payee of the payment. That's the risk you take
> setting up auto payments of things that vary in amount and can't be
> fixed ahead of time.
I know it is easy for me to say this, as I haven't experienced anything
like that. But, you must have gotten a statement saying $275.55 was due.
With that, I'd called the bank and told them the withdrawal was fraudulent,
and they were accessories to the fraud. I would have also immediately
called the payee and told them they were responsible for fixing their
mistake as of yesterday. This is unconscionable and the perpetrators of
the error are responsible.
Han
news:4e183471$0$23620$607e...@cv.net:
> (Han: Totally off topic - Check the GPS forum about my post about Rt
> 128 and the 'real' name!)
Andrew, I don't see it. Which GPS "forum" do you mean? I had a crash,
andmaybe I was subscribed to another newsgroup that I forgot about.
Ken Blake
wrote:
> Bull. ALL my pre-authorized payments are paid ON THE DUE DATE. Only
> an idiot would choose to pay a bill BEFORE the due date, unless it
> was a payee who offered discounts for early payment. I have none of
> those. As soon as YOUR net worth is about a million, THEN you can
> start giving ME lectures about finance. UNTIL THEN. FO...
You, and everyone else, are always free to disagree with me and
explain why you think you are right and I am wrong. But as far as I'm
concerned, you re *not* free to do so as rudely as you just did.
So this is the end of the conversation. I won't argue with you, and
won't read any more of your messages. You are now killfiled.
--
Ken Blake
Jim H
My payees are all set up at the bank. I can even see the last payment
that I made, to verify the amount and date. I just go to the list, and
copy the amount into the payment field. If I have multiple payments, I
copy them all, then press submit.
Yes, it is easier to let Quicken do all the work, but once the amounts
are verified and entered, there is very little extra work to pay through
the bank web page, and I know the amounts are valid before the
transaction is executed.
As others have said, you do it your way. I'll do it my way. I won't
respond on this thread again.
--
Jim
Jim H
Yes, my broker was getting 1% of my account balance every year. At one
point, that was $7,000 per year. For that, he had me buying Country Wide
just prior to the crash. He said that if things got nasty in the housing
market, that was the company that would clean up. They did, but I sure
didn't get any of it. I am now a part of the class action, but I'll bet
I don't get $.01 on the dollar.
When I closed the account, he had the nerve to tell me how well the
account had done the year before. I explained that it didn't matter
because all the gains were gone. He just didn't get it.
--
Jim