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Old 02-14-2007, 10:39 PM
Mark
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Posts: n/a
Default Re: Money always forces 4 day lead time for electronic payments

It is entirely up to the Bill Pay provider on a payee by payee basis
But, as I mentioned the "default" for a "new" payee is to give the bill pay
provider 4 business days.

-Mark

"SteveC" <sconklan.nospam.yahoo.com> wrote in message
news:CC799A1C-99FA-499D-81D4-01F92E749E35[at]microsoft.com...
Thanks Mark. I spent a good amount of time with the bank last night. The
first one told me it should make no difference, which I used, but I proved
it did. Then another rep told me Money always requires 4 days. There is no
manual setting in Money anywhere?
"Mark" <abcd[at]abcd.com> wrote in message
news:uE3J6SGUHHA.4764[at]TK2MSFTNGP05.phx.gbl...
The bank actually determines that.
If Money is using the bank's bill pay service, then the bank needs to
contact Microsoft to change the days-to-pay value for their bill pay
service.
On the other hand if Money is actually using a different bill pay service
(e.g. MSN Bill Pay), then it is their policy that is taking effect.

Also, in general, a new payee will start with the 4/5 day delay so that the
Bill Pay service has time to process a new payee.
If the Bill Pay service determines it can pay faster, then it can tell Money
to decrease the lead time for that payee.

-Mark


"SteveC" <sconklan.nospam.yahoo.com> wrote in message
news:74CE1B84-383E-46F3-B373-ABE821A07A3A[at]microsoft.com...
My bank and I were trying to figure out why, when I order an online payment
for asap, it takes 4 (sometimes 5) business days to get paid, but if I do it
online at their website, it can be done the next business day, or at most 2
days. Once I sync money by connecting to the bank through money, it
downloads the payment and has the right day on it.

Question: Why does money not allow you to choose an earlier date for epays
(as opposed to check pays)? Any setting to change this behavior? Thanks


  #1  
Old 02-14-2007, 09:14 PM
SteveC
Guest
 
Posts: n/a
Default Re: Money always forces 4 day lead time for electronic payments

Thanks Mark. I spent a good amount of time with the bank last night. The first one told me it should make no difference, which I used, but I proved it did. Then another rep told me Money always requires 4 days. There is no manual setting in Money anywhere?
"Mark" <abcd[at]abcd.com> wrote in message news:uE3J6SGUHHA.4764[at]TK2MSFTNGP05.phx.gbl...
The bank actually determines that.
If Money is using the bank's bill pay service, then the bank needs to
contact Microsoft to change the days-to-pay value for their bill pay
service.
On the other hand if Money is actually using a different bill pay service
(e.g. MSN Bill Pay), then it is their policy that is taking effect.

Also, in general, a new payee will start with the 4/5 day delay so that the
Bill Pay service has time to process a new payee.
If the Bill Pay service determines it can pay faster, then it can tell Money
to decrease the lead time for that payee.

-Mark


"SteveC" <sconklan.nospam.yahoo.com> wrote in message
news:74CE1B84-383E-46F3-B373-ABE821A07A3A[at]microsoft.com...
My bank and I were trying to figure out why, when I order an online payment
for asap, it takes 4 (sometimes 5) business days to get paid, but if I do it
online at their website, it can be done the next business day, or at most 2
days. Once I sync money by connecting to the bank through money, it
downloads the payment and has the right day on it.

Question: Why does money not allow you to choose an earlier date for epays
(as opposed to check pays)? Any setting to change this behavior? Thanks

 
Old 02-14-2007, 05:19 PM
Mark
Guest
 
Posts: n/a
Default Re: Money always forces 4 day lead time for electronic payments

The bank actually determines that.
If Money is using the bank's bill pay service, then the bank needs to
contact Microsoft to change the days-to-pay value for their bill pay
service.
On the other hand if Money is actually using a different bill pay service
(e.g. MSN Bill Pay), then it is their policy that is taking effect.

Also, in general, a new payee will start with the 4/5 day delay so that the
Bill Pay service has time to process a new payee.
If the Bill Pay service determines it can pay faster, then it can tell Money
to decrease the lead time for that payee.

-Mark


"SteveC" <sconklan.nospam.yahoo.com> wrote in message
news:74CE1B84-383E-46F3-B373-ABE821A07A3A[at]microsoft.com...
My bank and I were trying to figure out why, when I order an online payment
for asap, it takes 4 (sometimes 5) business days to get paid, but if I do it
online at their website, it can be done the next business day, or at most 2
days. Once I sync money by connecting to the bank through money, it
downloads the payment and has the right day on it.

Question: Why does money not allow you to choose an earlier date for epays
(as opposed to check pays)? Any setting to change this behavior? Thanks

  #-1  
Old 02-14-2007, 12:34 AM
SteveC
Guest
 
Posts: n/a
Default Money always forces 4 day lead time for electronic payments

My bank and I were trying to figure out why, when I order an online payment for asap, it takes 4 (sometimes 5) business days to get paid, but if I do it online at their website, it can be done the next business day, or at most 2 days. Once I sync money by connecting to the bank through money, it downloads the payment and has the right day on it.

Question: Why does money not allow you to choose an earlier date for epays (as opposed to check pays)? Any setting to change this behavior? Thanks
 

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