Add Nickname for On-line Payments

avp2's Avatar

avp2

21 Apr, 2009 01:07 AM

Most persons will have some payees to whom they make payments for multiple, differing accounts; I have six with State Farm insurance for instance. Unfortunately, the MD "online payment" window only shows the payee names so that you can not tell which payment you are about to make until you reach the next window which shows the account. And then, to make matters worse, you have to switch to the separate "payee setup" function to see if the payee address is correct, a necessary step as many such payees have different receiving addresses for different payments.

If MD had payment nicknames, or aliases, that show in the payee selection window (but the payee's real name goes into the payee portion of the payment or check) to differentiate a payee with which you have multiple accounts, it would alleviate both of these problems.

It would also probably allow dropping the payee multiple account number function in MD which seems to only add confusion (adding more than one an account number for a payee simply makes another payee listing and the account selection drop-down menu does not seem to work).

  1. 1 Posted by Brian Adler on 22 Apr, 2009 04:26 PM

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    Thank you for this suggestion. I agree that it is a good one, and we will look at it for future updates to Moneydance.

  2. 2 Posted by Chad on 14 May, 2009 03:44 PM

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    Yes, please!

    This has cost me money in late fees and interest charges on at least two separate occasions where a payment was applied to the wrong account because I didn't check close enough. I hate two different AmEx accounts, three different AT&T accounts, and I think three different State farm accounts. Making payments to any of those inside Moneydance is currently painful and time consuming because of the need to use trial & error to find the correct payee. It's very annoying, and apparently sometimes error prone, having to use trial & error to figure out which of the payees is the correct one. I know it's time consuming dealing with two or three options, it has to suck having to cycle through six different options for a single payee.

    The multiple account per payee idea was nice, but it doesn't appear to be supported by Wachovia. I tried to use it and Wachovia only took and used the first account number setup on the payee. I don't know if other banks handle it differently. Wachovia also gives the ability to assign a nickname to a payee. Unfortunately that nickname doesn't come down when payees are synchronized.

  3. 3 Posted by John Selden on 14 May, 2009 05:55 PM

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    I agree that this is a good suggestion. Having a nickname that appears in the "Send Payment To" menu is probably all we need. The register could still show the actual payee name rather than the nickname.

  4. 4 Posted by chad.myers on 15 May, 2009 05:48 AM

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    Register should show both so it is clear what the payment was for. Something similar to the model used elsewhere, State Farm {alien invasion insurance}

  5. 5 Posted by Britt Miner on 05 Nov, 2009 04:16 PM

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    Here's another user in complete agreement. Lacking a potential 'nickname' or 'comment' that appears with the payee name is a HUGE usability issue.

    Regions bank also supports 'nicknames' for different payment accounts to the same payee. Regions errors on trying to upload Mondydance's payee with multiple accounts specified.

    I also agree that "Power Company {rental property}" is a good, recognizable format for the additional data. I know that both Regions Bank and Quicken use this format.

  6. 6 Posted by Angie Rauscher on 13 Nov, 2009 04:56 PM

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    These are all excellent suggestions.

    Our wiki is integrated with our feature request and bug reporting system. Please feel free to register and use these systems to help improve Moneydance by bringing bugs to our attention and requesting new features. We now also have voting on all existing tickets, which helps us determine which requests have the most demand.

    Please let me know if I can be of further assistance, and thank you for your interest in Moneydance.

    Angie Rauscher
    Moneydance Support

  7. 7 Posted by Gene Holmerud on 02 Feb, 2010 04:16 AM

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    I have the same issue, but with a different twist. My bank (Wells Fargo) has Nicknames for all my (browser) online payees. I currently use those nicknames to differentiate between accounts at the same payee. Can I use the W-F nicknames as payees in MD?

    Actually, my question goes deeper. I am rewriting a custom database application (in Visual FoxPro this time) that writes a .QIF file (sample attached). My desire is to read that file into MoneyDance, then go online (MD to WF) and have those payments actually made (without retyping any amounts, etc - very error prone). When I do import this .QIF file into MD, I see it in the register, but it doesn't go to W-F. The 2nd attachment is a screen capture that show the import (dated 02.01.10) and another attempt to do a manual payment request (dated 02.05.10). "Gene's Checking" is the nickname. Neither resulted in WF scheduling a payment

    Is there a way to write a simple text file, pass it through MD to WF to actually make payments?

    Appreciations,
    Gene

    • QTest01.QIF 366 Bytes
    • MD-WF-try01.jpg (Processing Asset) 111 KB
  8. 8 Posted by Angie Rauscher on 02 Feb, 2010 03:09 PM

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    Gene,

    Moneydance already synchronizes with the nicknames used with your bank's online bill pay system. The only way online payments work is by using the online payment interface. Importing QIFs imports transactions to the register, but does not interact with the online payment system, so I do not believe this will work. That said, we are currently having significant issues with Wells Fargo bill pay, and while we are working on this issue we do not have a timeline for resolution.

    I am sorry for the inconvenience.

    Sincerely,

    Angie Rauscher
    Moneydance Support

  9. Angie Rauscher closed this discussion on 02 Feb, 2010 03:09 PM.

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