Chapter 6. Online and In Charge
In This Chapter
Defining Online Account Access and Online Bill Payment
Paying bills with Online Bill Payment
Transferring money and downloading statements with Online Account Access
Many banks now offer electronic banking services in a big, big way. This is a step toward providing a pretty impressive variety of online services to the general consumer (you and me). This chapter covers the Quicken electronic banking services: Online Account Access and Online Bill Payment.
What Are Online Account Access and Online Bill Payment?
I'm going to start with the basics — a definition of these two services.
Online services means that you can connect your computer to your bank's computer electronically through your Internet connection. You may think that doing so sounds scary, but Online Account Access and Online Bill Payment provide some very neat benefits:
With Online Bill Payment, you can tell your bank or (in a pinch) the Intuit online financial services unit to make payments to specific individuals or businesses. In other words, rather than providing all this information in the usual way (on checks), you send the same information — the payees' names, their addresses, the amounts, and so on — and then the bank writes the checks. You can tell the bank to make automatic recurring payments for bills that you pay on a regular basis, such as a rent or mortgage payment. You can use Online Bill Payment at any bank.
With Online Account Access, you can get transaction information ...
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