Online Bill Pay

  In Quicken I can pay bills directly online from the app. Can YNAB do that?

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  •  No, YNAB is a budgeting app, not a money management app

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  • Hey  Brent Holm ,  negrcian 's right, there's not a way to pay bills directly from the app. Thanks for the question though!

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  • Thanks for the responses. I am currently using Quicken primarily for tracking and bill pay since it doesn't do budgeting the way I like. Thus, I am evaluating YNAB. I love it's budgeting and am determining how to do bill pay without it. I probably will need to use my Bank's interface, which I find cumbersome.

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      • bobbucy
      • Tomato_Snow_237e7f17927
      • 2 yrs ago
      • 3
      • Reported - view

      Brent Holm I have used YNAB since the beginning of 2012, starting with YNAB3.  I now use the current web based version.  I do all of my bill pay through my online banking and don't really find it to be cumbersome.  I just schedule the payment in my online banking and then put it in YNAB as a scheduled entry.  Maybe I'm just used to doing it this way, and maybe the online interface for my bank is just more user friendly than your bank.  At any rate, while bill pay from Quicken is convenient, I don't use Quicken because I'm all in on envelope based budgeting and haven't found anything that does it better than YNAB.  I hope that you find what works best for you and hope this is of some help in your decision.

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      • PhysicsGal
      • Nerdy female homo sapien
      • physicsgal
      • 4 mths ago
      • Reported - view

      Brent Holm That's what I do, except for bills where I can directly set up auto payments to my credit card or bank account without using my bank's bill pay.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 4 mths ago
      • 2
      • Reported - view

      PhysicsGal I don't use BillPay at all anymore. I have everything set up with each vendor to autopay. This way it's on them if they don't get their money. Unless of course you don't have enough funds in your account when they pull it. The only thing I can't do that with is my alimony payment but I have that set up as an automatic transfer through my bank.

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      • PhysicsGal
      • Nerdy female homo sapien
      • physicsgal
      • 4 mths ago
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      Superbone Funny, after I wrote what I wrote I decided to investigate whether it was wise, ie the reasons for doing it with bill pay instead of with auto payments.  I'm actually starting to think I should actually  use my bank's bill pay feature for ALL of my bills that can't go to my credit card.  Since I get paid once a month I can just pay all my bills right after I get paid and be done for the month, so just log into my bank, set up any payments that aren't the same every month, making sure to leave enough time, but it won't be much more work, maybe 10 minutes max.

      Because apparently they can decide to take money out of my account for other things.  Or just make a mistake.  Plus just having my bank account number and routing number available in a bunch of different databases that seem to be hacked all the time these days seems riskier than my credit card number being hacked or my bank's bill pay system being hacked or otherwise failing (unlikely, but at least it's only one point of failure instead of a bunch of possibilities).

      If it happens and it's my bank's fault (hacking of their bill pay example), hopefully they'll fix it promptly or waive any fees due to their own failure.

      This was the article that made me re-think my use of those auto-payment with vendors, in case you are interested.  This will add a little extra work to my personal finance routine, annoying, but not that much and it's worth it for the improvement in risk IMO.

      https://clark.com/personal-finance-credit/automatic-bill-pay/

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 4 mths ago
      • Reported - view

      PhysicsGal Thanks for the link. I did read it. Most of my automatic payments are to credit cards but the credit card payments themselves are withdrawn from my bank. I have not had any issues for years now so I’m going to continue down this path as it’s very convenient. I originally did the BillPay path for everything but I personally much prefer this way.

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      • Bruce
      • Software Engineer
      • Bruce
      • 2 mths ago
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      PhysicsGal I just saw this link, and appreciate the notice.  Most of my auto payments are charged to my card, but there are a few that are set to debit from my checking.  I probably should change those to be direct bill pay from my bank, rather than pulled by the vendor.

      Thanks for posting this.  I just looked, and I've got about 5 that either don't pull from CC or have a charge for the convenience of doing it.  One of them is my wife's Student Loans, and one is a life insurance policy, but the other 3 (2 utilities and auto insurance) I can change to set up on the bank's side, rather than being pulled by the company.

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      • PhysicsGal
      • Nerdy female homo sapien
      • physicsgal
      • 2 mths ago
      • Reported - view

      Bruce That reminds me, I still haven't actually implemented this bill pay thing for all of my bills that aren't coming from CC.  Gotta get on that.  You are most welcome.

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  • Can YNAB take it as a feature request? I would love to pay the CC bills from YNAB app / authorize YNAB to pay automatically every K days. 

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    • Hi Slate Blue Yearling !

      You can submit a Feature Request for that option! However, that's treading some deeper waters that we haven't decided to traverse yet. Right now, YNAB asks for read-only access to your budget - this means YNAB can see your transactions, but doesn't have the ability to change or interact with anything in your bank account directly. To take on the ability to pay bills through YNAB, this would have to change, but putting it on our development team's radar can't hurt! :)

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  • Is there a possibility of designing a feature in YNAB that will make an option to link with an existing bill pay app? Partnering with another app would really take this to the next level.  I would love it if I could click on the green amount that is showing I have enough to pay a fixed expenses and it asks if I would like to pay this bill on such and such app now.  That would be the ultimate convenience! 

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    • Hi Turquoise Hammerhead !

      This sounds like something that might be possible through our API Starter Kit, which may give you some resources. If dealing with the code yourself doesn't sound like a fun past time, you can submit a Feature Request to let our Product Team know you'd like to see this integration option brought to YNAB. :)

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  • 2 mths agoLast active
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