Cash Management Accounts are really a Banking Account (Quicken Windows), right?

warnest1 · February 5

My CMA accounts are really checking accounts, yet the have the same constraints as Investing accounts. So there are a number of features that aren't available in CMA accounts that would be nice: 1) filtering on a variety of fields; 2) tags!!!; 3) ability to show categories and tag columns in the transaction list; 4) ability for reports to treat CMAs with the same features as for banking accounts.

NotACPA · February 5

Your brokerage firm, which holds the CMA, isn't a bank … and thus by law can't issue a true checking account.

So, NO, they're not banking accounts although for most purposes that act like one. The differences are VERY technical, and very legalistic … but I no longer remember exactly what they are.

BUT, if in a non-retirement account you do TOOLS, Account List and click EDIT adjacent to the brokerage account you'll have an option to select "Show Cash in a checking account". First take a backup before you do this, but if you select that Q will create a pseudo-checking account an move all of the cash transactions from your brokerage account to this new pseudo-account.

Quicken Anja · March 6

Hello @warnest1,

We haven't heard back from you in a while. Do you still need assistance?
Were you able to give @NotACPA's suggestion a try?

Check back and let us know! Thank you.

Quicken Anja · March 13

Hello again,

Checking in once more before this thread is closed.
Let us know if you still need assistance.

Thank you!

Quicken Anja · March 20

Hello again,

Due to the lack of response, I went ahead and closed this post.

If you still require assistance, please feel free to start a new post.

Thank you!

Cash Management Accounts are really a Banking Account (Quicken Windows), right?

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