How to set sweep SWGXX MM Fund as the Cash for Schwab investment account?

mikek753b
mikek753b Member ✭✭✭✭
in Errors and Troubleshooting (Windows)

hello,

I'd like to know my Cash funds in my Schwab brokerage investment account.

I have auto sweep cash into SWGXX and back for any BUY, Transfers, ACH, etc

My Quicken Premier R65.29 downloads BUY and SALE for the SWGXX, as result my cash is $0.00, so I don't know what are available and I can't see it in the Projected Balances, as its very important for me. I use this brokerage account as my Checking account to pay bills and credit cards via ACH.

Manual delete each SWGXX transaction is tedious, so I want to have proper way to tread this as Cash.

No matter, what I tried I can't set the SWGXX as Cash for this account.

image.png image.png image.png

the SWGXX is NOT in the list to select MM for the Cash, while there is another MM SNSXX that I use for mid term money.

How to set sweep SWGXX MM Fund as the Cash for Schwab investment account?

Best Regards
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Answers

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Quicken hasn't been very good about explaining the whole "Money Market Fund presented as cash" change that occurred with the switch from Direct Connect to EWC+.

    I've had to "reauthorize" downloading from Schwab a time or two and have been asked as part of the process how I want my non-sweep MMF to be presented, so maybe that'll work for you too.

    I'd Deactivate ALL Schwab Accounts from downloading, and as you do so delete the Financial institution and Account Number on the General tab.

    Then start the ADD ACCOUNT process. Specify Schwab as the FI and provide your User ID and Password. Quicken should find all accounts and Schwab under that combination, at which point you carefully LINK each Schwab account with the correct Quicken Account. You should be asked about how you want SWGXX handled in the Quicken Account.

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