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Quicken Online Users Must Convert to Mint.com

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After a three years of operation and the acquisition of a competing product, Quicken Online will be completely replaced by Mint.com on August 29, 2010. Both Quicken Online and Mint.com have served the same purpose. These website applications help people save more money by tracking their financial accounts and offering suggestions for improvements.

At the time of the acquisition, Intuit maintained both services would co-exist peacefully under the company’s banner, but that never made much sense. I expected the two services would be merged at some point. In November last year, Intuit announced that Quicken Online users would be migrated to Mint.com within six to nine months.

That brings us today.

Although users expected a seamless migration, there is no graceful way for Quicken Online users to convert financial data to Mint.com. For most people with a typical amount of financial accounts (a couple of bank accounts, a couple of credit cards, perhaps a loan), setting up an account on Mint.com is fairly simple. Setting up my Mint.com was a chore for me considering the dozens of financial accounts I have, and I still don’t have all my accounts listed.

Our Mint.com review from September 2007 is still accurate, and since the launch the service has added some interesting features such as goal tracking, discussed on a recent Consumerism Commentary Podcast.

I prefer to avoid web-based financial tracking applications. I may be in the minority, but I prefer the desktop version of Quicken. I’m not interested in using software to track saving goals; I want to know at a glance what bills I need to pay, how much income I’m expecting by the end of each month, and how my investments are performing.

Mint.com
has recently introduced a new annoying feature. It’s no surprise that the services recommended when you log onto Mint.com are influenced by companies that pay advertising or marketing fees to the service. Now, in addition to my weekly financial summaries and low balance warnings, Mint.com has started emailing advertisements.

For customers of Mint.com, the problem of unsolicited advertisement that did not require an opt-in decision is relatively easily solved by opting out. Users can edit their email settings by clicking on the “Your Profile” link and activating the “Email & Alerts” page. Deselect the Auto Insurance Spending, Life Insurance, Credit Score, and 401k Notifications options.

Users converting from Quicken Online should consider this an important step in setting up a new Mint.com account.

Updated March 21, 2011 and originally published August 20, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 4 comments… read them below or add one }

avatar Matthew
avatar Edward Antrobus

I’m not a big fan of Mint.com. Its budgeting features are too simplistic for my taste, and it doesn’t handle bank logins that well at all. Every single time I log in, it prompts me that my bank requires additional login info for my accounts at US Bank and for my student loan. And catagories for some recurring expenses don’t seem to stick, like my favorite resteraunt (with the word “Grill” in its name) always shows up as Personal Care, and my wife’s auto payment is always listed as Uncatagorized. Every month, I manually change them and the next month, they are in the wrong catagories again. That negates the whole idea of using Mint to track my spending in the first place.

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avatar Guest

I’m very disappointed that Quicken Online is going away. I remember Quicken saying that they wouldn’t discontinue their online service until their features had been integrated into Mint. Liars. I’ve been using Quicken to forecast my future finances by adding anticipated paychecks, recurring bills and upcoming expenses. Mint doesn’t appear to have a way to add a recurring transaction, so if I want to do the same thing there, I can’t. I’m really at a loss as to what to use now…

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avatar SANDEEP

What a waste of my time quicken online has been. I have reams and reams of data tied up in a place that cannot be easily converted. I can’t believe people are not making more of a fuss about this!

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