[moneydance] payments not happening -- partial answer

[Chuck Piercey]

I feel the same about automatic payments and do my best to avoid them
because I do not feel I control them.

However, using electronic bill pay to do my bills every month far and away
beats doing the same exercise with paper checks, envelopes and stamps.

The main advantage of electronic bill pay, besides the obvious logistical
simplicity factor, is that you can schedule the entire month's bills at one
go, timing payments to arrive exactly the day they are due - no later and no
earlier. This has an enormous cash flow management value.

chuck

On 5/20/06, Ken Ganshirt <ken_ganshirt at yahoo.ca> wrote:
>
> Bill, I resemble that remark ... up to a point. I actually let a computer
> program do most of my bill payments. But it's my credit union's online
> bill pay feature. I tell it to make the payment. When it accepts the
> transaction it gives me a reference number. When I download the
> transactions I record the reference number in the text field when I accept
> the transaction.
>
> I've yet to have a problem with this approach and it beats printing or
> writing checks, addressing envelopes, finding stamps, and making time to
> mail them.
>
>         ...ken...
>
>
> --- William Morton <wjmwjm at asisna.com> wrote:
>
> >
> > On 17, May 2006, , at 8:05, Wayne M Barnes wrote:
> >
> > > Dear Moneydance,
> > >
> > >     I called US Bank about the missing payments, and tried it while
> > > the agent was watching her screen.
> > >
> > >     It turns out I was requesting a non-work day for the payments.
> > > As I
> > > tried a Sunday or Memorial Day, there was no "Will Process", and no
> > > error
> > > message, and nothing showed on her screen, but Moneydance dutifully
> > > entered payments into my register.  When I tried Tuesday, it all
> > > worked
> > > properly (so far).
> > >
> >
> > Seeing all these recent messages about missing electronic payments has
> > butressed my originally strong feeling that the LAST thing I want is
> > a computer
> > program automatically paying bills from my checking account.    The
> > amount of
> > time required to pay bills using Moneydance, or Quicken, or anything
> > else, is so
> > small, and all of the programs now out will print checks quickly, so
> > the possible
> > advantage becomes so tiny that I can't imagine putting up with the
> > potential
> > disasters.  I believe that entrusting the ability to debit my
> > checking account
> > to some program is utterly unreasonable.  Maybe I'm a Luddite, but there
> > it is!
> >
> > Bill
> > ---
> > [Certified Virus free by ASISNA Mail Services.    www.asisna.com ]
> >
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> >
>
>
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