Moving Beyond Chase..what National Banks work well in the new World with Quicken?

jcoley2

After 32 years with Chase, I am finally fed up with them and will be establishing a new banking relationship that is "Quicken Friendly".  

I want a National Bank (since I live both in FL and CT) that I can enter check payments in the Quicken register and connect to the bank to issue the check (i.e., the same exact relationship I had with Chase until this past month before they broke the connection.)

I think I read that BofA is also following the same strategy as Chase, sadly, so I am nothing going to use them.

Any National Banks (Citi, Wells, etc.) that current Quicken users are paying their bills directly from the check register without having to use Quicken Bill Manager?

Thanks in advance for recommendations.  

UKR

I think, by changing banks you'll only jump from the frying pan into the fire. Eventually all banks which still support Direct Connect and Online Bill Pay will convert and leave you, once again, standing in the dark.

If you wish to continue paying by paper check mailed to the biller: The Check Pay feature in Quicken is still available and works with any bank where you can have a checking account. Checks are printed by a service provider and mailed to the biller. Please note that this service is limited in volume and not free of charges. Schedule payment early to allow for time to print and mail the check and for the biller to process it prior to due date.

An alternative to that might be using the bill pay services which are offered directly by the bank thru their website. You set up and make payment from the bank's website. In parallel to that at the same time, you record a transaction in Quicken or use a Scheduled Reminder to do so.

Yet another alternative is to go to the biller's website (e.g., telephone company, credit card company, etc.) and authorize them to directly debit this and all future payments from your checking account on due date. The biller will do all the work for you to collect the money on time. If you authorize automatic payments every month, then this is a one-time action for you. Set it up and done. In parallel to that every time a bill is due, you record a transaction in Quicken or use a Scheduled Reminder to do so.

jcoley2

UKR said:

If you wish to continue paying by paper check mailed to the biller: The Check Pay feature in Quicken is still available and works with any bank where you can have a checking account. Checks are printed by a service provider and mailed to the biller. Please note that this service is limited in volume and not free of charges. Schedule payment early to allow for time to print and mail the check and for the biller to process it prior to due date.

This does not work with Chase.  

UKR

jcoley2 said:

UKR said:

If you wish to continue paying by paper check mailed to the biller: The Check Pay feature in Quicken is still available and works with any bank where you can have a checking account. Checks are printed by a service provider and mailed to the biller. Please note that this service is limited in volume and not free of charges. Schedule payment early to allow for time to print and mail the check and for the biller to process it prior to due date.

This does not work with Chase.  

Why not? Check Pay is totally independent of any bank's online bill pay system. The Check Pay service provider creates a check drawn on your checking account and mails it.
Unless Chase refuses to accept checks drawn against their checking accounts without a hand-written signature (using "signature on file"), a Check Pay check should process and clear just as if it was a check from your personal checkbook.

jcoley2

@UKR

I thought Chase Accepted Check Pay also and I went through the process including having the two micro deposit deposited into my account and verifying them.  But in the drop down menu Chase will not show up.

When I was on with Level 2 support they told me Chase no longer accepts Check Pay.  Only way to pay vendors is to log into the Chase Account and go through their Bill Pay option which does not work for me long term.

jacobs

Just to make sure we're all talking about the same thing: you're trying to pay a Chase credit card account, right? Is it possible you're confusing Check Pay with Quick Pay? Quick Pay requires you to connect to Chase, if they allow it. But Check Pay tells Quicken's payment processor to print and mail an actual physical check to any company or person you define. If you set up a Check Pay payment for your Chase credit card, you're simply doing the equivalent of writing a check to Chase and mailing it to them. And you don't have to connect to Chase or have them accept anything 

jcoley2

jacobs said:

Just to make sure we're all talking about the same thing: you're trying to pay a Chase credit card account, right? Is it possible you're confusing Check Pay with Quick Pay?  

Could be confused.  I was told to set up Bill Pay under the "Bills & Income" tab in green section.   I do see all my Bills there.  I then added Chase there via the micro deposits which were confirmed but Chase does not show up in the drop down tab when you select "Pay will Bill Manager".  In fact as you can see from screenshot it does not allow "Quick Pay" nor "Check Pay".

Chris_QPW

Just as a heads up, see what Quicken Inc is saying about the future of Direct Connect/Express Web Connect + (which is still called Quicken Connect in Quicken Mac).
https://community.quicken.com/discussion/7921514/the-community-meetup-october-2022-edition

I will also throw out that Citi has never supported Direct Connect except for their credit cards.
I believe that Wells Fargo does still have Direct Connect (for now).

jobworker

I have three Citi credit crds and cannot use Direct Connect.  They used to be but then ceased to download so had to change to QConnect.  I Set up a brand new file to test 6.10 and tried to use Direct Connect when establishing my three Citi credit card bit got errors and had to use Q Connect.  

Chris_QPW

@jobworker Did you authorize Direct Connect on the Citi Cards website?

https://community.quicken.com/discussion/7877577/faq-new-citi-cards-process-for-direct-connect

This works with my Costco credit card.  It is possible that if you are talking about another credit card it might not work especially if it is a store credit card.

jobworker

@Chris_QPW
Yes I authorized my desktop app, Quicken, on my Citi web page and I had a time limit to get the cards organized but it still did not work.