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Quicken's bank feeds are processed the same way mint's are - through an Intuit service that makes the call to the financial institution. That call ostensibly a
by jungturk 11y ago
Quicken's bank feeds are processed the same way mint's are - through an Intuit service that makes the call to the financial institution. That call ostensibly adds other functional value (transaction categorization, friendly names for businesses), but Intuit's in custody of your financial data (and passwords) to perform that feature.
Fortunately, Intuit's also (currently) takes lots of care to ensure proper data-at-rest and in-flight custodial procedures, but you're still trusting someone to do things right.
- someguydave 11y agoAlso, I'm not sure that your bank or credit union or especially credit card warrants all that much trust either - what are the chances that they could resist a well-planned hack? Or that they aren't already selling your data? At some point, it's better that you have a copy of your data too if all the third-party advertisers already have one.