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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: Erik T who wrote (10330)	9/19/1999 5:51:00 PM
From: Erik T	Read Replies (2) \| Respond to of 20297

Also, I remember TLindt saying that NetBank lets the customer retain the float. He sent a check to himself and never cashed it, and it was never debited from his account. One more point about my experience with Wells Fargo bill pay. When I used to write paper checks, I did a poor job of keeping an up-to-date check register. I just made sure I had enough money in my checking account at all times to cover any checks I might write. Now with bill pay online, I can check my account balance before making a payment. This has allowed me to keep a minimum amount in my checking account, and much more in a money market account, with the ease of transferring money online if I need more to cover a big payment. When I figure this into the equation, I probably come out ahead financially compared to what I was doing before. Having access to my account balances prior to scheduling payments will keep me with a bank for bill pay. I see it very unlikely I would switch to a portal even if their service was free. Erik

To: Erik T who wrote (10330)	9/20/1999 7:58:00 AM
From: AnnaInVA	Read Replies (1) \| Respond to of 20297

Eric, I agree with you from my own experience. When I dealt with CKFR directly, or via the Manage Your Money software, I kept the float until the money was actually e-transferred or a paper check had been cashed by the recipient. However, now that I do e-checks through my bank, and they employ the services of CKFR, the minute I assign an amount to be paid - the money is no longer available to me, although the actual money is not paid until five days from my input. I have been in battles over this with my bank but nothing doing. It really doesn't matter that much to me since I have a non-interest bearing checking account, it is just the principle. anna

To: Erik T who wrote (10330)	9/22/1999 12:50:00 AM
From: Big Al	Respond to of 20297

DITTO Bank One, but I do get charged $5.95 mo.: To: Brooks Jackson who wrote (10321) From: Erik T Sunday, Sep 19 1999 5:31PM ET Respond to Post # 10330 of 10421 Regarding the float issue, even though most bill pay frontends use CheckFree for the backend processing, there seems to be a difference among the frontends on how the float issue works. When I make a payment from Wells Fargo bill pay, the date I say to make the payment (5 business days before the bill due date), the amount gets debited from my account, even though the biller won't actually receive the money for up to five more days. I lose the float! If you go through CheckFree Direct, or Yahoo!, the bank will not debit your account until the check passes through the biller's hands. You keep the float! So, Checkfree goes both ways. I get bill pay free through Wells Fargo for maintaining at least $5,000 combined in all my accounts with them, and I do not have to pay for stamps and envelopes. When I factor in interest lost on losing the float compared with stamps and not paying monthly for the service, it is a wash financially. Financially, I would be slightly ahead if I stayed with paper checks, but the convenience so far outstrips the slight financial loss, it is a no-brainer for me. As I understand it, Erik