Why do some financial institutions charge a fee to your account when you download transactions?

:( Why do some financial institutions charge a fee to your account when you download transactions & other do not? How do we determine which institutions charge and which ones do not charge a fee when you download transactions?

Best Answer

  • splasher
    splasher SuperUser ✭✭✭✭
    Accepted Answer
    The financial institutions charge a fee because that is their business model.  It costs them to be a participating partner of Quicken (downloads), so they pass it on to their customer.
    The only way to determine which FIs charge a fee is to ask the FI, Quicken does not have that in their information about the FIs since the FIs may give it away free for some types of accounts but not for others.
    -splasher  using Q since 1996 -  Subscription  -  Win10
    -also older versions as needed for testing
    -Questions? Check out the  Quicken Windows FAQ list

Answers

  • splasher
    splasher SuperUser ✭✭✭✭
    Accepted Answer
    The financial institutions charge a fee because that is their business model.  It costs them to be a participating partner of Quicken (downloads), so they pass it on to their customer.
    The only way to determine which FIs charge a fee is to ask the FI, Quicken does not have that in their information about the FIs since the FIs may give it away free for some types of accounts but not for others.
    -splasher  using Q since 1996 -  Subscription  -  Win10
    -also older versions as needed for testing
    -Questions? Check out the  Quicken Windows FAQ list