Schedule an automatic payment (Apay)
Automatic
payments are recurring online payments that Money makes based on
the schedule you want. For example, you can tell Money to pay your
mortgage on the 5th of every month, and Money submits the payment
automatically.
Note: The steps in this task vary depending on
whether you use Essential Bills or Advanced Bills. To find out
which type you're using, click Bills, and then
look for the Essential Bills or Advanced
Bills label in the upper-right corner of the Bills
summary page.
- At the top of the page, click Bills.
- Depending on your current setting, choose one of the following:
- If you are using Essential Bills
(In
Money, a version of Bills that enables you to easily handle the
day-to-day tasks of managing and paying your bills, including
scheduling regular bills, keeping track of payment due dates,
setting up automatic payments, and assigning budget categories to
your bills.) , click New.
- If you are using Advanced Bills
(The Advanced Bills option in Money gives you more ways
to track and analyze your bills and deposits, including tracking
investment purchases, deposits, and paychecks; transferring funds
between accounts; specifying when a bill series ends; and editing a
single bill occurrence or a bill series.) , click
New, and then click Bill.
- Enter the payment details.
- Under Payment Information, in the Pay
from list, choose an account with online bill
payment.
- In the Payment method box, select
Automatic payment (Apay).
Note: If you can't select Automatic payment
(Apay), you didn't choose an account with online bill
payment in the Pay from list.
- Click Submit Payment Online.
Tip
If you are using Advanced Bills, you can enter an end date and
the number of occurrences for an automatic payment. To do so, click
the This series will end check box, and then
complete the information on the screen.
Notes
- To schedule an automatic payment, your bank must accept online
transaction requests from Money. Check with your bank if you're not
sure.
- When you're entering the payment details, if no payees display
in the Pay to list, you can type one in. When you
download a statement from your bank or brokerage, Money will
automatically add the payees from the online statement to your
payee list.
