Online bill pay with Moneydance+ ?

George Fitzpatrick's Avatar

George Fitzpatrick

09 Nov, 2023 07:57 PM

Any progress toward supporting online bill pay using Moneydance+ ?
Thanks, Fitz

  1. Support Staff 1 Posted by Maddy on 10 Nov, 2023 12:50 PM

    Maddy's Avatar

    Hi George,
    Thank you for contacting Moneydance support.

    Unfortunately, we are currently unable to provide an ETA for when this feature will be added.
    Please stay reassured that the development team are working to find a suitable replacement to allow you to use a similar service to Online Bill Pay.

    We have created a ticket in our system regarding this topic and I have attached it to this discussion now. We will post an update on this thread as soon as there are further developments on this topic.

    --
    Maddy, Infinite Kind Support

  2. 2 Posted by George Fitzpatr... on 08 Feb, 2024 10:13 AM

    George Fitzpatrick's Avatar

    Hello, still waiting for a Moneydance+ solution for online bill-pay- any progress? or do I need to pay for both Moneydance+ and Truist's online banking fee?
    Thanks, Fitz

  3. Support Staff 3 Posted by Maddy on 08 Feb, 2024 10:42 AM

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    Unfortunately, we are unable to provide an ETA, at present .
    That being said, the development team are actively working towards implementing a bill pay feature that is compatible with Moneydance +. This is currently high priority.

    Please stay reassured that you will be notified as soon as there is an update on the topic.

    --
    Maddy, Infinite Kind Support

  4. 4 Posted by George Fitzpatr... on 08 Feb, 2024 11:18 AM

    George Fitzpatrick's Avatar

    Hello Maddy, thanks for the prompt update. When the team has a solution ready, I'd be willing to test it !
    Thanks , Fitz

  5. 5 Posted by George Fitzpatr... on 18 Mar, 2024 12:20 PM

    George Fitzpatrick's Avatar

    Any progress toward supporting online bill pay using Moneydance+ ?
    Thanks, Fitz

  6. 6 Posted by sth on 26 Mar, 2024 12:53 AM

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    Hey George, this is not a 1 month kind of problem. Getting Bill pay implemented and debugged is going to be a long process with extensive testing of many institutions and situations.

    This is one area you don't want a rushed partial solution!
    (Not IK Support)

  7. 7 Posted by dtd on 26 Mar, 2024 02:52 AM

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    I meandered around the net - bill pay (via OFX direct connect) has basically been destroyed/abandoned - meaning an entire new infrastructure has to be set up for any financial software to offer billpay.

    Quicken gave up on bill pay as well, and now offers "bill manager" - which is basically hooking up Quicken to cooperating banks and making a payment to them - you have to share a lot of info, but Quicken expects that these days, including uploading your data to them....

    So, although it's on MD's list, don't expect it anytime soon, if at all.

    The banks don't WANT to offer billpay anymore through financial software - they've all set up "their own". I gave up on this and now use USAA for billpay services, and then just enter the result into my reminders in MD to create a transaction.

    I'm just a user, I don't speak for moneydance, but I think my message here will prove to be accurate.

    Billpay again through Moneydance? Maybe so, ask again next year.

  8. 8 Posted by dtd on 26 Mar, 2024 02:58 AM

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    Oh, are there any institutions that still offer billpay through OFX? Maybe a few that haven't abandoned OFX entirely, but the list continues to dwindle... I don't know of any, myself..

  9. 9 Posted by dwg on 26 Mar, 2024 04:05 AM

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    Direct Connect and by extension the even smaller number of institutions that offer Bill pay via Direct Connect appears to be dying services, in the rest of the world Direct Connect was never even born, it has never existed.

    While it is true that companies like Plaid offer Bill Pay I feel that it is likely that such services will prove in the long run to be too expensive to be offered through Moneydance. There does come a point where the costs just to not add up, especially with a piece of USD65.00 software.

    Long term I expect that in the U.S. it will be necessary to approach this as it is approached elsewhere.

    Here in Australia I have a few options, apart from getting out of a chair, getting out of the house and paying the bills, which to be honest is not a bad option.

    Direct Debit is one option for many regular payments.

    Some companies allow me to pay on their site using a debit or credit card.

    Finally the Bank's Internet sites allow payment to many organisations using an assigned biller code or by electronic transfer of funds to a bank account.

    I suspect that these types of approaches will turn out to be what is needed going forward, of course I could be proven to be wrong :)

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