Money 4.0 and 3.0: How to Enter a Xfer and Setup Xfer Reminders
  
PSS ID Number: Q147895
Article last modified on 09-13-1997
 
3.00 3.00a 4.00 4.00a
 
WINDOWS
 

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4.0 4.0a 3.0 3.0a
WINDOWS
kbusage kbhowto
 
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The information in this article applies to:
 
 - Microsoft Money versions 4.0, and 4.0a for Windows 95
 - Microsoft Money version 3.x
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SUMMARY
=======
 
In Microsoft Money, an electronic transfer is known as an Xfer. The
procedure is used when you want to transfer money electronically between
two accounts, such as Checking, Savings, Credit Card, and/or Line Of Credit
accounts). For the Xfer to work, both accounts need to meet the following
criteria:
 
 - Account must be set for Online Banking with Online Services.
 
 - Accounts must be with the same member bank.
 
You can enter Electronic Transfers in either the Account Register in
Money for Windows 95, or Account Book in Money 3.0. You can also set Money
to remind you to send Xfers.
 
The following article tells how to enter electronic transfers and reminders
in Money 3.0 and Money 4.0.
 
MORE INFORMATION
================
 
Electronic transfers occur on the business day you send the instruction. If
the instructions are sent too late, the transfer occurs the next business
day. Business days are Monday-Friday, except weekends and Federal Reserve
Bank holidays. Your bank or financial institution can tell you what their
daily cut-off time is for transfer processing.
 
You can enter Xfers in Money only on the day you intend to send the
transfer instructions to Online Services. You cannot set these up in
advance (that is, as an Automatic Payment or Apay), but you can have Money
remind you to enter the transfers. To set up transfers and reminders, use
the instructions below for your version of Money.
 
Money 4.0
---------
 
To enter an Xfer in the Account Register of Money for Windows 95,
do the following:
 
 1. In the Account Register, click the triangle to the left of the account
    name on the navigation bar, and select the account you want to transfer
    the money from.
 
 2. Click the Transfer tab.
 
 3. Enter the transfer information as you normally would, except in the
    Number field, click Electronic Transfer (Xfer). You can also enter
    information in the Pay To field, but this information isn't sent with
    your instructions.
 
 4. When you are finished, click Enter.
 
    In the register, a lightning bolt and an open envelope appear in the
    Number field next to the word Xfer.
 
 5. Click the Go To Online button, located under Reminders on the right 
    side of the window.
 
 6. In the Online Services area, review the list of instructions to be sent
    to Online Services under step 1.
 
 7. When all your Online Services instructions are ready, click Call and
    then follow the screen instructions.
 
    NOTE: After the transfer instructions are sent, the open envelope 
          symbol is replaced by a closed envelope in the Register. This 
          reminds you that this transfer was sent using Online Banking.
 
You can have Money remind you to send transfer instructions to Online
Services by entering a transfer in the Payment Calendar. Then, on the day
you send the instructions, you indicate that it is an Xfer. To use Payment
Calendar to remind you to send Xfer instructions, do the following:
 
 1. In the Payment Calendar, click New Bill Or Deposit.
 
 2. Click Transfer, and then click Next.
 
 3. Use the TAB key to move to each field as you enter all necessary
    transaction information. Leave the Number field blank.
 
 4. Click OK.
 
 5. In Step 1, make sure that all bills, deposits, and transfers
    that need to be entered are selected.
 
 6. In step 2, make sure that you have enough money in your accounts to
    cover the transfer and any other transactions.
 
 7. In step 3, click Enter.
 
 8. In the Number field of the Enter Scheduled Payment dialog box for the
    transfer, type "Xfer," (without the quotation marks). Review the
    remaining information.
 
 9. Click Enter to add the payment to the Account Register.
 
10. Click the Go To Online button, located under Reminders on the right of
    the window.
 
11. In the Online Services area, review the list of instructions
    under step 1.
 
12. When your Online Services instructions are ready, click Call, and
    follow the on-screen instructions.
 
Money 3.x
---------
 
To enter an Xfer in the Account Book of Money 3.0, do the following:
 
 1. In Money, open the Account Book window.
 
 2. On the Account list on the toolbar, click the account you
    want to transfer money from.
 
 3. Double-click the next available transaction.
 
 4. In the Number field, type the following:
 
       Xfer
 
    This marks the transaction as an electronic transfer.
 
 5. In the Date field, type today's date.
 
 6. Enter the amount of the transfer in the column that will
    decrease the account balance (the Payment or Charge column).
 
 7. In the Category field, type Transfer.
 
 8. Use the TAB key to move to the next field. Enter the account you are
    to which you are transferring money.
 
 9. You can enter information in the Memo and Payee fields, but this
    information isn't sent with your instructions.
 
10. To complete the transfer, press the ENTER key.
 
    The transaction is entered in the registers of the accounts
    involved in the transfer. A lightning bolt appears in the Number
    field next to the word Xfer to remind you that this transaction
    needs to be sent to Online Services.
 
11. On the On-Line menu, click Bank On-Line. The transfer is listed
    in the list of instructions.
 
12. When all your instructions are ready, click Call to send them.
 
You can have Money remind you to send transfer instructions to
Online Services by putting a transfer in the Future Transactions
window. On the day you send the instructions, you can indicate that
this is an Xfer. To use Future Transactions to remind you to send
Xfer instructions, do the following:
 
 1. In Money, open the Future Transactions window.
 
 2. Double-click the next available transaction.
 
 3. In the Date field, enter the date you want the transfer performed.
 
 4. In the Frequency field, select how often you want to be reminded
    to send the instructions to Online Services.
 
 5. In the Account field, select the account from which you want to
    transfer the money.
 
 6. Leave the Number field blank. You enter this information on
    the day you make the transfer.
 
 7. Enter the information in remaining fields as you would for
    any other transaction.
 
 8. On the day that you want to enter the Xfer transaction, go to
    the Future Transactions window. Select the transfer transaction.
 
 9. On the Tools menu, click Enter Selected Transaction.
 
10. Enter the following in the Number field:
 
       Xfer
 
    If you want to change any other field, make the changes now.
 
11. Click Enter to enter the transaction in the Account Book.
 
12. On the On-Line menu, click Bank On-Line. Any transfers are
    listed in the list of instructions.
 
13. When your instructions are ready, click the Call button to send them.
 
KBCategory: kbusage kbhowto
KBSubcategory: kbonline
 
Additional reference words: w_money 3.00 3.00a 4.00 4.00a transx trans x-
fer e-trans Alien
 
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Keywords          : kbonline 
Version           : 3.00 3.00a 4.00 4.00a
Platform          : WINDOWS
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Copyright Microsoft Corporation 1997.