What you ask is absolutely possible. I am using Money 05 and this works very
well with my bank.

What you are looking for is bank integration with Money. Some banks charge
extra for this some don't. TD Banknorth works very well. If I enter an E-Pay
in Money it is added automatically to my list of payee's on the banks web
site, instantly, if the payee did not already exist, if the payee already
exists it shows an E-Pay has been made.

If I pay it on the banks web site it is downloaded automatically by Money
when I update. If the payee did not exist in Money it is added, if the payee
already exists then it shows an E-Pay has been made.

Citizens bank charges extra for this therefore I am stuck using downloaded
statements. The very reason I don't use this bank for E-Pay. If I did and
didn't want to pay the fee then I would have the lag that you speak of. If I
didn't want to wait for the lag to catch up then I would be doing it twice
like you do know. But the lag should be minimal in any case.

Hope this helps

D


"DietRite" <lowboy[at]comcast.net> wrote in message
news:OzRV0ibwFHA.4056[at]TK2MSFTNGP11.phx.gbl...
- quote -

DietRite wrote:
- quote -

Actually, I did, using your own terminology. ***"It means automatic
integration of bills/payments entered in Money into the
online billpay service offered by the bank..."***.

I also added "...but they may be blurring the distinction between direct
bill pay, and bill pay that utilizes MS's association with Yodlee...". That
does not change how you enter payments. What it describes is now MS
accomplishes it in the background.

actually two somewhat different questions on the same subject. one is
specific "can I do this specific thing in M06?" the other (the one you
responded to) is the more general "What do they mean in practical terms when
they say M06 works with your bank's billpay?" Note that you didn't quite
answer that, either.

It's fine to say something works with something, but what I want to know,
and I suspect many others would want to know, is exactly HOW Money 06 works
with your bank's billpay. I have been using Money with my bank's billpay
for years, so in some sense it ALREADY worked with my bank's billpay before
M06, i.e., I could use the double entry system noted below.

What I guess I'm trying to find out is if MS's advertising the ability of
M06 to "work with existing bank billpay services" is something new and
advantageous, or just more advertising slop.

I appreciate you help with that quest.

Cheers--


"Chris Cowles" <NoSpam[at]For.me> wrote in message
news:uxQNwiewFHA.3644[at]TK2MSFTNGP11.phx.gbl...
- quote -

DietRite wrote:
- quote -

You're asking this question multiple times?

I have a simple desire. I want to enter my payments in M06 and have them
automatically sent to my bank (Regions) and posted there. I cannot for the
life of me figure out how to get this done.

For several years I have been doing this:

(A) entering a payment in Money
(B) entering the payment in my bank's online payment program.

In other words, I enter every payment twice. I DO NOT download payments from
the bank (since I've already entered them by hand in Money).

I upgraded to M06 because the thing I read said it "will work with your
bank's online payment pgm."

Well, the only way I can see that this is true is as follows:

(A) I go online with my bank and enter my payments.
(B) When they have been executed I download the bank statement to Money,
which gives me all entries.

This works, but of course runs way behind the real time execution (ie, I
don't get it in my Money records until well after it has been executed,
depending on when I dl. That would be fine except I prefer to see my account
well in advance, to see a month or more out in front of present time, so
often I enter next month's 1st of month payments in the middle of prior
month. Thus my balance always reflects current damage and damage to come. I
can do this online, of course, but would rather have it in Money first,
online 2nd, instead of other way around.

Any clues about this? Or am I just off my bean?