Online Bill Payment
This feature can only be enabled if your bank supports OFX Direct Connect.
You can view a list of banks we've established connections with on this page.
However, not all banks that support automatic downloads via Direct Connect will also support Bill Pay services using this same connection method.
You'll receive an error message if you try to set up bill pay with an institution that doesn't allow it.
If you're not sure if your bank supports Bill Pay via Direct Connect, you can ask the support team.
You can email support@infinitekind.com, or create a discussion on the support forum.
Setup Online Bill Payment -
Highlight the account name in the left side bar.
Then select Online > Setup Online Bill Payment.
Search for and choose your financial institution from the list.
You'll then be prompted for your ID and Password.
On the next page, you should enable the "Bill Payment" tick box.
Then choose "Finish" to complete the set-up process.
Use Online Bill Payment -
Highlight the account name in the left side bar.
Then choose Online > Online Bill Payment.
This will allow you to begin creating an electronic payment.
First, you will need to create a Payee entry for the recipient of your funds.
Select the Payee tab, then choose the "Create Payee" button.
Enter the desired information for the payee.
It's important to use the 2 letter abbreviation in the "State" field, if the payee is located in the United States.
To create an online bill payment, choose Online > Online Bill Payment.
Then select the "New Payment" button.
Specify the payee you'd like to process a payment to, then select Next.
Fill in the appropriate amount and select the due date.
Also include the account number of the payee, category, and memo field.
Finally, click "Finish" to send the payment request to your bank's server.
The payment request will be sent to your financial institution, and a corresponding new transaction will be created in the Moneydance account register.
Please note that it may take a number of days for the payment to be processed and sent to the Payee. Some banks require that you set the “Due Date” of your online bill payment request as a specific number of days in the future.
Within your Network preferences you can enable for Moneydance to automatically detect and observe online payment date ranges.
Once enabled, Moneydance will move the date given to initiate a new payment forward by the number of days your bank needs for processing. If you initiate a payment for a date earlier than your bank says it can be processed, Moneydance will send you an error message.
You can navigate to the Online Bill Payment interface from a transaction reminder.
To do this, select “Send Online Payment” when applying a transaction reminder.
You can find more information about transaction reminders in this section of the knowledge base.
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Getting Started
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Accounts and Categories
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