pending transactions for merril lynch dividends categorized wrong

agagne
agagne Quicken Windows Other Member ✭✭
edited March 27 in Investing (Windows)

Pending dividend transactions are downloaded and recorded in Quicken as an un-categorized deposit. When the dividend transaction clears, Quicken re-downloads the transaction and records it correctly as a dividend. I end up with duplicate entries for the transaction.

Comments

  • miklk
    miklk Quicken Windows Subscription SuperUser, Windows Beta Beta

    It is on Merrill side. (ongoing problem). For me, I just delete the deposit that comes in a day before the correct Dividend transaction comes in.

  • agagne
    agagne Quicken Windows Other Member ✭✭

    Is there any information from Quicken that confirms this is a Merrill issue. This only started recently for me so it has not been ongoing. I have disabled pending transaction for now as manual deletion of the duplicate records is not tenable.

  • miklk
    miklk Quicken Windows Subscription SuperUser, Windows Beta Beta

    There was several threads when the issue started after a change made at Merrill.

    Here is 1 example

    https://community.quicken.com/discussion/comment/20503104#Comment_20503104?utm_source=community-search&utm_medium=organic-search&utm_term=Merrill

  • MangoMan
    MangoMan Member ✭✭✭✭

    On the plus side - Merrill now downloads security purchases and sales almost within a few minutes of them completing, but this ongoing issue with Dividend Reinvestments is very annoying and takes a lot of time to manage if you have many securities set up for DRIPs. Sending us a Credit and Debit transaction and then a day or two later a ReinvDiv transaction is extremely cumbersome to manage and leads to mistakes.

    Someone at Quicken needs to reach out to Merrill and get this fixed - It's why we pay you money for subscriptions. 🤨😠😡

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