When I link my MMA, Quicken only offers brokerage type accounts and not checking or savings types. Is there a way I can get Quicken to treat this only as a checking account?
Hello @sitkinj,
At this time, there is not a way to manually change the account type classification in Quicken once the account is connected.
The account type that Quicken assigns (such as brokerage, checking, savings, etc.) is based on the information being sent by the financial institution through the connection servers. If the financial institution is transmitting the money market account as a brokerage-type account, Quicken will reflect it that way.
We understand this may not be the behavior you were hoping for, especially if you primarily use the account like a checking account. We apologize for the inconvenience.
Thank you!
And if it is being presented as an investment account (which it technically is-likely x shares with a $1.00/share value), you can still use it like a checking account.
Choose which columns you wish to display (such as check #), Category, etc. to make the register more useful for checking activities. You can print checks from it as well (If you print checks). You can reconcile.
The only difference is that each transaction will have to be of the type: Payment/Deposit.
How your financial institution presents data will also dictate how verbose the transx getting downloaded are. You may or may not see the behind the scenes Buys/Sells of the MMF as you use it. Likely not-but some do.
Anja,
Thanks for the quick reply. Can I then manually add it as a checking account and then periodically import the transactions into the account? And, if that's possible, in what formats does the imported data need to be?
Regards,
