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VanguardAdvantage and BillPay Going Away?
Old 05-26-2019, 06:02 PM   #1
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VanguardAdvantage and BillPay Going Away?

I got a letter from Vanguard saying that VanguardAdvantage is being discontinued.

It's my understanding that I will no longer be able to use Vanguard's BillPay.

Is that right?

My system has been to use Vanguard's BillPay for large expenses, such as the monthly credit card payments and my bank's BillPay for other expenses.
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Old 05-26-2019, 06:58 PM   #2
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Yes, it is right. It was getting so little use that they decided to get rid of it.

https://www.investmentnews.com/artic...gement-service

I wasn't using it but for big bills I just do a special transfer to checking and then pay out of that.... easier for me.
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Old 05-26-2019, 07:18 PM   #3
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Fidelity can be a good alternative if itís convenient.

Iím in the process of moving all my checking to a Fidelity Brokerage account. The balance is automatically in an MM fund that yields 2%+ and you have all the features of a regular checking account. Well, maybe you canít write checks. I donít write checks, so I didnít bother to see if itís possible.
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Old 05-26-2019, 10:19 PM   #4
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I guess since they never told me about it, I never used it, so it's my fault.

I'll just keep transferring $$$ to my bank which is from where I pay all my bills, except taxes of course.
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Old 05-27-2019, 06:46 AM   #5
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Originally Posted by tulak View Post
Fidelity can be a good alternative if itís convenient.

Iím in the process of moving all my checking to a Fidelity Brokerage account. The balance is automatically in an MM fund that yields 2%+ and you have all the features of a regular checking account. Well, maybe you canít write checks. I donít write checks, so I didnít bother to see if itís possible.
You can get checks for a Fidelity brokerage as well as their Cash Management Account. Both accounts can also be used for online billpay.
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Old 05-27-2019, 08:55 AM   #6
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I got an email from VG on 2/28/2019 telling me they were closing the VanguardAdvantage accounts in July. Here is the Faq on it.

https://vanguard.com/pdf/PVPDFCL_022019.pdf
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Old 05-27-2019, 11:55 AM   #7
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I opened a cash management account at Fidelity last week and will give them a try. I really wasn't using my VG Advantage account as a bill paying account, but might give the Fidelity CMA a try. Right now, I use a local bank for all of my bill paying, but it's a little bit of a pain to have to transfer money a couple of times a month to fund it.
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Old 05-27-2019, 12:04 PM   #8
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Love Fidelity BillPay
Visa, MasterCard, American Express, & Chase bank (Car Loan) all paid from there.
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Old 05-27-2019, 01:53 PM   #9
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You can get checks for a Fidelity brokerage as well as their Cash Management Account. Both accounts can also be used for online billpay.


Thatís good to know.

I remember looking at the cash management account, but didnít see any real benefit over that account vs a brokerage account. If I remember correctly, the only difference was the insurance, which is something that doesnít worry me.
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Old 05-27-2019, 01:56 PM   #10
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Love Fidelity BillPay

Visa, MasterCard, American Express, & Chase bank (Car Loan) all paid from there.

I have the money pulled from Fidelity for all my bills. Itís easier for bills that vary month to month, such as credit cards. Iím lazy that way and like to have this automated as much as possible.
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