How Quicken suggests payee names for downloaded transactions

When you download transactions from your financial institution, Quicken can replace the downloaded payee name with a cleaner name. Quicken does this by checking your renaming rules first, then checking Quicken’s standardized merchant names, and finally using the original name from the financial institution.

How Quicken chooses the payee name

Quicken evaluates the downloaded payee name in this order.

1) Quicken checks your renaming rules first

If the downloaded payee name matches a renaming rule you created, Quicken substitutes the payee name you specified in that rule. See Managing payees for more information.

2) If no rule matches, Quicken checks standardized merchant names

If Quicken can match the downloaded payee name to a standardized merchant name, Quicken substitutes that standardized name.

3) If nothing matches, Quicken uses the payee name from your financial institution

If Quicken can’t match the downloaded payee name to a renaming rule or a standardized merchant name, Quicken keeps the payee name exactly as it was received from your financial institution.

Turn off automatic renaming rule creation

If you don’t want Quicken to create new renaming rules when you correct payee names, you can turn that setting off.

1. Choose Quicken > Settings.

2. Select Register.

3. Under Renaming Rules, clear Automatically create rule when I correct a payee name.