Using Bill Manager to direct deposit?

JADavey

Is it possible to use Bill Manager to send an amount of money directly from my bank to someone's personal account at another bank? Instead of sending them a paper check?

Quicken_Tyka

Hello @JADavey

Thank you for taking the time to visit the Community to post your question.

At the time, Quicken Bill Manager offers two payment options. 

Quick Pay: Send electronic payments to billers (payees) who have online accounts accessible by Quicken. This includes over 11,000 billers. 
Check Pay: Send a check to anyone in the United States with an address. The check is sent through a Quicken service. You will no longer need to print or mail checks.

https://www.quicken.com/support/quicken-bill-manager-how-make-payments-using-quick-pay-and-check-pay

Quick Pay requires that the payee have an online biller and Check Pay will be paid via check. At this time, there is no ability to make the type of payment you have described.

I have gone ahead and changed this post to an Idea so that others may vote on adding this feature to Quicken in the future.

Thank you,
-Quicken Tyka

jrich75

Just in case you don't already know, you can do this directly from your bank using Zelle.  It's a free service and many banks already support it.  Both the sender and the receiver have to set up Zelle with their respective banks but once they do, the funds transfers go quickly.

I don't know if any of the Direct Connect banks that work with Billpay from Quicken can do this or not but there is a improvement suggestion regarding it.
https://community.quicken.com/discussion/7878857/quicken-and-zelle

JADavey

@jrfaris Hi. Thanks for suggestion of Zelle. It happens that in this particular situation, I can't use Zelle. The receiver is not able to set it up.

Robert Niles

I have another bill payer account though my credit union that allows me to send a payment to an individual's checking account by bank routing number and account number. I schedule the payment for a date and the payment is delivered the next day. If there is a way to do this using Bill Manager, I cant find it. Any suggestions?

Quicken_Tyka

hello @Robert Niles

Thank you for taking the time to visit the Community to post your question, although I apologize that this feature isn't currently offered.

I have moved your post to the ongoing Idea thread to add the ability to make direct payments using Quicken Bill Manager.

Be sure to navigate to the top of this post and click the up arrow to add your vote!

Ideas are reviewed by our development team to see what people would like to be available in the future.

Thank you,

-Quicken Tyka

Chris_QPW

It seems to me that if you are making this suggestion you don't know how Quicken Bill Manager works.

(Ideas can always be submitted, but this system wouldn't have the capability to do it.)

"Sending a check/Chekc Pay" would be the only way, for now and in the future.  

Quick Pay is a "pull transaction" not a "push transaction".

When you use something like Zelle or a ACH transfer (where you use the account number and routing number) these are "push transactions".  As in the transaction starts in your bank account, and is "pushed" to the other financial institution/person's account.

Where as "Quicken Pay" works like this.  The third party system logs into the "biller's website" and schedules a payment to be "pulled" from your account.

And since their is zero chance that the person you want to send money to has a "biller's website" that the third party system can log into, there is zero chance this "Direct transfer" can happen.

Barryng

Every month, without exception, I send eight checks to the same eight individuals. Only the date sent and amount changes from month to month. The current extended delay sending the eight checks through the mail (from one to three weeks over the past few months) is causing considerable problems as these checks are associated with a business. Being able to order electronic ACH transfers to the eight individuals would be ideal. Any chance this feature will be added in the reasonable future? Zelle, if I understand it correctly, will not work because each month each transaction must be set up for transmittal and requires a response from each payee. I would ideally like to just specify a bank, routing number, and account number for each check. I also would not mind a reasonable fee for ACH transfer ability.

Sherlock

Barryng said:

Every month, without exception, I send eight checks to the same eight individuals. Only the date sent and amount changes from month to month. The current extended delay sending the eight checks through the mail (from one to three weeks over the past few months) is causing considerable problems as these checks are associated with a business. Being able to order electronic ACH transfers to the eight individuals would be ideal. Any chance this feature will be added in the reasonable future? Zelle, if I understand it correctly, will not work because each month each transaction must be set up for transmittal and requires a response from each payee. I would ideally like to just specify a bank, routing number, and account number for each check. I also would not mind a reasonable fee for ACH transfer ability.

Zelle should work.  Each month's transaction does not require a response from each payee.  Other options include Venmo, Google Pay, and PayPal.

Barryng

My question is really more focused on if Quicken is likely to be given ACH payment ability so ACH payments can be made from within Quicken. Quicken was for 20+ years an elegant and very useful "One Stop Shop" for banking and I would like to keep it that way so there is a single data base for all transactions in the form of the check register. I also saw something that indicated Zelle was at one time or might be in the future incorporated into the Quicken program but I cannot now find that reference.

Quicken_Tyka

Hello @Barryng

 Thank you for taking the time to visit the Community to post your question, although I apologize that this feature isn't currently offered.

I have moved your post to the ongoing Idea thread to add the ability to make direct payments using Quicken Bill Manager.

Be sure to navigate to the top of this post and click the up arrow to add your vote!

Ideas are reviewed by our development team to see what people would like to be available in the future.

Thank you,

-Quicken Tyka

Quicken Anja

Hello All,

This idea seems to have fallen stagnant and due to the age of the request and lack of user votes/comments, will be archived within the next 7 business days.

If you would like to see this idea kept alive and considered for possible future implementation in Quicken, be sure to add your vote and a comment explaining how this idea would be beneficial for you.

More information, including steps to vote and how to submit your own ideas for future product features/improvements, is also available here.

Thank you,

Quicken Community Support Team

Jim_Harman

To clarify this discussion, some banks already offer the capability you are requesting through Quicken. This is separate from Quicken Bill Manager/Quick pay/Check pay. In Quicken it is generally called "Bank bill pay." This requires a Direct Connect connection to the bank and sometimes the bank charges a monthly fee for the service.

When you enter a transaction in the account's register and do a One Step Update, the payment request is sent directly to your bank and processed through their bill pay system. Depending on the payee, the bank will either do an ACH transfer or mail a check to the payee.

Please see this discussion for more information
https://community.quicken.com/discussion/7883488/what-online-banks-support-quicken-bank-bill-pay