With bank paid bills, the bank will mail their check which you have
purchased and paid for from your checking account. So it is not your
"Pay to the Order of" instrument. As I said, I totally missed the
last sentence re Online Bill Payment in the 2nd Kent post.

It is not certified since it is not you check the bank sends, it is
the bank's check ... think cashier's check.

arthur
--
On Tue, 1 Jun 2004 14:10:46 -0400, "Peter" wrote:
- quote -

In BofA's case, if the "check" isn't cashed within a certain amount of time
(one month I think), you get a notice telling you this.

I sent a $1 payment to myself to test this out.

It's possible that since they take the money out right away the check may be
sent as consisting of "certified funds".

-P

"Arthur" <no.body.lives.here[at]xoxy.net> wrote in message
news:to5fb01mtgnifncgfeimg1kgbuvv7qv34b[at]4ax.com...
- quote -

Sorry, but I glossed over your last sentence. I'm still a bit
confused at what your are saying. Banks like online bill payment
where you do not write a check because they can try to attract a
commercial business as a bank customer. The commercial business will
have same day money if the payor and payee are the same bank.

Online bill payment may or may not involve involve the bank sending
their check to the payee. In this case they are correctly debiting
your account for their check. What you are saying is like going to
your bank and requesting a Cashier's Check.

What USBank is doing is giving you a free short term loan. Possibly
to encourage you to use their service.

arthur
--
On Fri, 28 May 2004 19:48:30 GMT, Arthur wrote:

- quote -

That does not sound legal IMO but I am not a legal eagle.

How do they handle the case of a check never cashed or
returned to you for some reason? Pay to dies in an accident?
Whatever?

Any business law people out there?

arthur
--
On Fri, 28 May 2004 06:27:09 -0700, "Kent Riesen" [at]Eureka, CA> wrote:
- quote -

Using online bill pay, the bank knows when you write the check! I have used
BofA and WaMu and they take the money out of your account when you write the
check. Unlike USBank that takes is our when it clears. I'm talking about
online bill pay.

"Arthur" <no.body.lives.here[at]xoxy.net> wrote in message
news:h26db057o138lvq1n9gd7jbjgrdtbvq48q[at]4ax.com...
Your bank does not know you wrote a check until funds are paid out of
your account. That is why checking accouts are called "demand
deposit".accounts.

arthur
--
On Thu, 27 May 2004 07:36:16 -0700, "Kent Riesen" Eureka wrote:
- quote -

Your bank does not know you wrote a check until funds are paid out of
your account. That is why checking accouts are called "demand
deposit".accounts.

arthur
--
On Thu, 27 May 2004 07:36:16 -0700, "Kent Riesen" Eureka wrote:
- quote -

US Bank is what I use for both. Works great and they don't take your money
when the check is written but when it clears.

"Mitch" <mkreindler[at]blowthewhistle.com> wrote in message
news:130d301c44395$3a1c7c70$a601280a[at]phx.gbl...
My bank recently switched from allowing me to pay bills
and download transactions from within Money to requiring
me to download statements and pay bills exclusively from
the bank's website. It is a real pain, compared to the
prior convenience. Now I am having trouble finding
another bank that will let me use MS Money to its fullest
extent.

Can you recommend a bank that permits you do download
transactions and pay bills from within Money, without
having to go to the bank's website?

Thanks.

I've used NetBank for about 5 years. I pay bills online from their
site so I do not know if I can do it from within Money. If I could I
wouldn't as I like and trust NB. Do I really need yet another
interface for something as critical as making the credit card payment
on-time?

I download checking and money market transactions from Money. NB has
always paid better interest and CD rates.

I have images of my checks, both sides, online if I need to see it. I
think the limit is 1 yr or so after which there may be a fee for a
copy of a cancelled check. Monthly statements are online and can be
downloaded as pdf.

Arthur
--
On Wed, 26 May 2004 19:49:27 -0700, "Mitch" wrote:
- quote -

My bank recently switched from allowing me to pay bills
and download transactions from within Money to requiring
me to download statements and pay bills exclusively from
the bank's website. It is a real pain, compared to the
prior convenience. Now I am having trouble finding
another bank that will let me use MS Money to its fullest
extent.

Can you recommend a bank that permits you do download
transactions and pay bills from within Money, without
having to go to the bank's website?

Thanks.