How to Manage Your Bills Better With Quicken Bill Pay

Getting her home business up and running
••• mapodile / Getty Images

Quicken Bill Pay is an online bill pay service that works as an add-on with Quicken personal finance software. The add-on is free for Quicken users who have Premier plans or better. Otherwise, the service costs $9.95 per month.

Benefits of Using Quicken Bill Pay

Useful services and features on Quicken Bill Pay include:

  • The software is compatible with hundreds of payees.
  • Email notifications get sent to you when bills arrive.
  • Payments made online at the Quicken Bill Pay site get automatically transferred into Quicken desktop software.
  • Repeating bill payments allow for both variable and fixed monthly amounts.
  • Details for each bill can be viewed within the software.
  • Bills can be paid from within Quicken software or directly from the Quicken Bill Pay website.
  • Pay from up to 10 accounts at multiple banks.
  • Quicken Bill pay offers an on-time payment guarantee and will pay late fees up to $50 if a bill is paid late.

Using the Bill Pay Service

Quicken Bill Pay has a simple set up process, and bills can be paid using any U.S. checking account. The site stores payee details such as account numbers and other information for you, so you just need to enter amounts and schedule the payments. You can process payments immediately as you enter them, or schedule payments for future dates. You can also set your recurring payments to automatically process every month.

Setting Up Quicken Bill Pay

Setting up Quicking Bill Pay requires personal information that you'll want to gather beforehand. Required information includes checking account details and social security numbers. To get started, visit the Quicken Bill Pay website. From there, existing Quicken users can click "already have Quicken?" and brand new users can click "get Quicken now." Complete the registration form, and you'll be ready to set up your accounts. This process can also be started through Quicken software.

Adding Your List of Payees

A payee in Quicken Bill Pay means any company, service, or individual you'll be paying through the service. A payee can be a utility company, for example, or a bank for your mortgage loan, or your landlord.

When setting up payees, you will provide basic information about the individual or the business you'll be paying, such as payment address and account number. Quicken saves this information in your payee list, so you can make payments to that payee again in the future without having to re-enter the information.

Set up payees by following these steps:

  1. Click "Tools" in the menu and select "Online Payee List."
  2. Click "New."
  3. Enter the name of the new payee.
  4. Enter the address of the new payee.
  5. Enter the account number for the payee.
  6. Enter the phone number for the payee.
  7. Click "OK."

After this initial setup, the site will add your new payee to your payee list. From then on, you only need to select the payee from your list.