|
FAQ: SpectrumConnect via Microsoft® Money
& Quicken®
Cash
Management >Bill Paying >FAQ:
SpectrumConnect via Microsoft® Money & Quicken®
Q. Is online bill paying cost effective
A. Yes. When you compare the monthly fee of $7.95 to the
cost of $7.40 for 20 stamps, there is only a $0.55 difference. This
$0.55 will buy you the ease and convenience of electronic bill paying.
Q. Who can I pay with SpectrumConnect?
A. Pay anyone is the US, from recurring payments, like mortgages
and utilities, to occasional expenses, like the gardener, donations,
and magazine subscriptions. You can't make tax payments or payments
pursuant to court orders.
Q. Can I use my paper checks and SpectrumConnect for the same
account?
A. Yes, you can. SpectrumConnect is like a second checkbook
for your account. SpectrumConnect will assign unique check numbers,
starting with 5001, to your online bill payments so you can distinguish
them from paper checks.
Q. How will my bill payments be sent to my payees?
A. Payments will be sent either electronically or by paper
check. Electronic payments will be sent on your scheduled payment
date; paper checks will be mailed 4 days prior to the scheduled
payment date.
Q. When will payments be deducted from my account?
A. You must schedule your payment at least 4 business days
before the actual due date. If the payment is made electronically,
money remains in your account until the payment date (the date the
payee is scheduled to receive the payment). If the payment is made
by paper check, money remains in your account until the payee cashes
the paper check.
Q. How current is the transaction history I download?
A. History is current as of the close of the previous business
day. You can obtain history as far back as 60 days.
Q. How secure is this information?
A. Your transactions are completely secure. All information
is sent using state-of-the-art encryption technology so it cannot
be read by unauthorized people. And when you enroll in SpectrumConnect,
you will be assigned a PIN that allows only you to gain access to
your account. In addition, please remember that your personal financial
information is kept locally on your own computer.
Q. Will I be charged the monthly minimum service fee even if
I don't make use of SpectrumConnect during the month?
A. Yes, the minimum monthly fee is charged just like your
telephone or cable bill, whether you use the service or not.
Q. How do I sign up?
A. Fill out an application and mail it in. A complete welcome kit
which includes a SpectrumConnect Getting Started Guide will be mailed
to you. This guide provides step-by-step instructions on how to
set up your account.
Q. What version of the software do I need?
A. You can use versions 98, 99 or higher of either Microsoft®
Money or Inuit's Quicken®.
Q. What else do I need on my computer to use SpectrumConnect?
A. A modem - 14.4 kbps minimum
28.8 kbps or higher recommended
Internet Access
LaBrunerie Financial is a registered broker-dealer,
not a bank and the cash management services associated with your
money market account are not a bank account. Banking services are
provided by licensed banks or by third parties through arrangements
with licensed banks. Unless otherwise indicated, investment products
are not FDIC-insured, not guaranteed by a bank and may lose value.
LaBrunerie Financial offers competitive money
market funds and services through Reich & Tang Funds. Reich
and Tang is a manager of money market funds and is a subsidiary
of IXIS Asset Management North America, L.P., an investment
management firm. LaBrunerie Financial is not affiliated with Reich
& Tang Funds or its subsidiary IXIS Asset Management North
America, L.P. This is not an offer to buy or sell. For a prospectus
containing complete information, contact LaBrunerie Financial at
1.800.736.7460 or visit our website at www.labrunerie.com.
|
