New Apay Info in Loan Wizard Not Sent to On-Line Services
  
PSS ID Number: Q131893
Article last modified on 07-15-1997
 
3.00 3.0a
 
WINDOWS
 

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3.00 3.0a
WINDOWS
kbusage kbprb
 
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The information in this article applies to:
 
 - Microsoft Money versions 3.0, 3.0a, 4.0, 4.0a, 5.0
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SUMMARY
=======
 
If you have an established loan, you can change the loan payment
information by choosing Change Loan Information in Account
Details, for Money versions 4.0 and 5.0, or the Loan List for version 3.0.
This updates the loan payment information in the Payment Calendar of Money
4.0 and 5.0 and the Future Transaction window of Money 3.0. If you have
arranged for Online Services to pay this loan automatically as an Apay,
this new payment information is not automatically sent to Online Services.
 
MORE INFORMATION
================
 
To force Money to send new Apay instructions to Online Services, you
must cancel the existing Apay in the Payment Calendar or Future
Transactions window. Then create a new Apay instruction with the correct
amount and send it.
 
Because Online Services schedules Apay transactions 30 days in advance of
the due date, you may need to cancel the next scheduled payment in the
Account Register for this loan.
 
For additional information, please see the following articles in the
Microsoft Knowledge Base:
 
   ARTICLE-ID: Q142768
   TITLE     : Money: How to Cancel Apays, Epays, and Send Bank Letter
 
   ARTICLE-ID: Q142769
   TITLE     : Money 3.0: How to Cancel Apays, Epays, and Send Bank Letter
 
   ARTICLE-ID: Q149224
   TITLE     : Money: What Is an Apay and How to Enter One
 
Example
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The following example explains when this might occur:
 
You create a loan for your mortgage. You then send Apay instructions
to On-Line Services to pay your mortgage at XYZ Bank in the amount of
$700.00 per month for 30 years.
 
After you have made several payments, the bank notifies you that they
have increased your loan payment by $100.00 per month.
 
You use the Loan Wizard to change the monthly payment. Money updates the
Payment Calendar or Future Transaction window to indicate the increased
payment. However, no instructions are generated for Online Services.
The bank continues to receive $700.00 per month until you cancel the
Apay transaction and send a new Apay instruction for $800.00.
 
In addition, until you cancel the old Apay, you may receive an error
message from Online Services when they attempt to post the next
mortgage payment to your account book.
 
KBCategory: kbusage kbprb
KBSubcategory: kbonline
 
Additional reference words: w_money cannot find the payment or amount
3.00 3.0a
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Keywords          : kbonline 
Version           : 3.00 3.0a
Platform          : WINDOWS
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Copyright Microsoft Corporation 1997.