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Quicken Classic for Windows
Registers & Transactions (Windows)
Can I "electronically" transfer finds between checking accounts at the same bank
tomgoul
I Use Bank of America checking and savings. I have 2 Savings accounts both set up for Electronic Bill Pay. Can I "tell" BofA to Transfer $$ between the 2 checking accounts. I have the Transfer Option available in the Check Column, but that's a register Transfer only. I want to transfer funds through Quicken without logging into BofA. I have Quicken Premier for Windows R 36.38.
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Frankx
If you have setup both BOA accounts as "online" accounts in Quicken, you should be able to transfer funds between them by entering the transfer in the register and clicking the "Online Transfer" option in the CK # column - see below. If you don't see that option- you likely are not connecting using the "direct connect" method, so you'd need to change connection methods (if the bank supports "direct connect").
BTW - you'll still have to connect with the bank through Quicken in order to transmit this instructions, but you won't have to sign in to the website.
Let me know if you have any followups.
Frankx
Chris_QPW
To do a transfer from Quicken using the bank's payment system you have to be setup for Direct Connect, and Bank Bill Pay supported and enabled. If you look at the Online Services tab in the Account Details you can see if this setup.
If this is setup then you should be able to do a transfer from the account with the "Online Transfer".
You can also do the transfer from the Online Center (Tools -> Online Center).
Sherlock
If you've setup the
online bill payment
service over the
Direct Connect
connection method, you may initiate
online transfers
between your account's at the financial institution from within Quicken. BofA provides the functionality for their legacy customers using the financial institution:
Bank of America-All Other States
tomgoul
Thank you both for your responses. The issue must be the connection method to BofA. It is only set up as an Express Web Connect connection, though I do have Quicken Bill Manager enabled. I recall that BofA doesn't allow a Direct Connect integration. This is the reason I do not see an Online Transfer Option. I will do more research on the connection options to BofA.
Chris_QPW
From what I know BofA only allows Direct Connect for people that are "grandfathered in".
Snowman
I use M&T bank and I handle this situation differently. I sign in to the bank website In one window and do the transfer there between the accounts there. With Quicken open in another window I enter the transaction on the bank website and copy and paste the confirmation number from the bank into the Memo field in Quicken.
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