Using Online Bill Payment
Click the "Online Bill Payment…" menu option to begin creating an electronic payment for submission to the financial institution. Moneydance will prompt you for all the relevant information, step by step. First you will need to create a Payee entry for the recipient of your funds. Once such a Payee has been established, you can skip this step by selecting "Send Payment To" instead.
The payment request will be sent to your financial institution, and a corresponding new transaction will be created in the Moneydance account register. You can date transactions for a certain amount of time in the future, as determined by your financial institution's policy. Also, it may take a number of days for the payment to be processed and sent to the Payee. This also varies from institution to institution. Finally, some institutions require that you set the "Due date" of your online bill payment request a number of days in the future.