[moneydance] Observe Payment Date Restrictions ignored in MD 528

[Sean Reilly]

On Jun 22, 2006, at 9:11 PM, Larry Alkoff wrote:
> Observe Payment Date Restrictions checkbox set in Preferences >  
> Network
> is not being observed in Moneydance 528
>
> Today I started an online payment to Bank of America Credit Card.
> Although it's June 22, the date in the payment box was June 28.
>
> I tried this both with the Observe Payment Date Restrictions box
> unchecked and checked, carefully exiting MD and restarting Online
> Banking between.
>
> Note that my payment would have been B of A on both ends which  
> should be
> a same (or nearly so) day transaction.  Seven calendar says (5  
> working)
> is a bit much for this type of transaction.
>
> Is this just B of A trying to get a few extra interest days or is the
> Observe Payment Date Restrictions box not working?
>
> Larry

If the Observe Payment Date Restrictions option is selected,  
Moneydance will calculate the lead time needed for a bill payment  
(according to information provided by BofA via OFX) and not allow you  
to submit an earlier payment.  If the option is not selected,  
Moneydance will let you set any date you like for the payment and  
send in the payment request exactly as you enter it, which can  
possibly result in the bank server sending a "date too soon" error  
response (although some banks will just treat that as a send-payment- 
as-soon-as-possible request).

I have a BofA account and am a bit frustrated that BofA seems to take  
the money out of my account on the payment date instead of whenever  
the payment is actually sent or the check cashed.  I don't know of  
most banks do this, but I wouldn't be surprised.

Thanks,
Sean

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