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

Myran L Dunker
Myran L Dunker Quicken Windows Subscription Member
edited January 2022 in Download, Add/Update Accounts (Windows)
:( 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 Quicken Windows Subscription SuperUser ✭✭✭✭✭
    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 continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

Answers

  • splasher
    splasher Quicken Windows Subscription SuperUser ✭✭✭✭✭
    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 continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

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