That is because Quicken automatically memorizes payees for you so that you will have less work to do the next time that payee appears. For example, a transaction you downloaded from your bank has the Category, Tag, and Memo you chose the last time you reviewed a transaction for that payee. When you’re looking at your account register, you may notice that Quicken fills in information for you. Quicken Windows Save time and typing with the Memorized Payee List