Using Online Bill Payment
Click the "Online Bill Payment…" menu option to
begin creating an electronic payment for submission to the
financial institution. Moneydance will prompt you for all the
relevant information, step by step. First you will need to
create a Payee entry for the recipient of your funds. Once
such a Payee has been established, you can skip this step by
selecting "Send Payment To" instead.
The payment request will be sent to your financial
institution, and a corresponding new transaction will be
created in the Moneydance account register. You can date
transactions for a certain amount of time in the future, as
determined by your financial institution's policy. Also, it
may take a number of days for the payment to be processed and
sent to the Payee. This also varies from institution to
institution. Finally, some institutions require that you set
the "Due date" of your online bill payment request a number
of days in the future.