Path: utzoo!utgpu!news-server.csri.toronto.edu!cs.utexas.edu!usc!ucsd!pacbell.com!att!cbnewsc!psfales
From: psfales@cbnewsc.att.com (Peter Fales)
Newsgroups: comp.os.msdos.apps
Subject: Re: is anyone here using "CheckFree" ???
Summary: I like it
Message-ID: <1990Nov15.045653.27357@cbnewsc.att.com>
Date: 15 Nov 90 04:56:53 GMT
References: <4035@media-lab.MEDIA.MIT.EDU>
Distribution: na
Organization: AT&T Bell Laboratories
Lines: 28

In article <4035@media-lab.MEDIA.MIT.EDU>, henry@garp.mit.edu (Henry Mensch) writes:
> 
> i'm considering this software to manage electronic payments, and am
> interested to hear opinions about it, as well as facts about how the payments
> have to happen (since my bank doesn't have an electronic bill paying service,
> i'm interested to know how the CheckFree people have access to my funds, etc.)

I have been using CF through "Managing Your Money" for some time and have
been very pleased.  Unlike other electronic bill payment services, you
can write checks to ANYONE.  If the payee is a big name (like a bank
credit card or utility) they transfer the funds electronically.
As far as I know all banks (and many other institutions like my credit
union) support Electronic Funds Transfer (EFT).  Otherwise, they print
a check and send it to the payee.  The funds are withdrawn from your
account when the check clears.  If you want to see what a check looks
like, send one to yourself!

I have had no problems (other thank predictable ones like putting the 
wrong amount on the check).  No one has had any problems with the checks
and everyone seems to be getting paid.  My one complaint is that 
there is no way to put a "memo" on the check, but since you can put
any text for the "account number" that has substituted pretty well.

-- 
Peter Fales			AT&T, Room 5B-420
N9IYJ            		2000 N. Naperville Rd.
UUCP:	...att!ihlpb!psfales	Naperville, IL 60566
Domain: psfales@ihlpb.att.com	work:	(708) 979-8031