Security is huge. We pay virtually everything by credit card and pay this off at the end of the month and everything there seems to balance. Do you have any insight you could offer as to why our budget says we have money that is not in the bank even at the end of the month?
Also and this is really presumptuous — would you be willing to share your spreadsheet sans your transactions of course? Hi, I was a big fan of mint until recently. I read the security policy and found out that their servers keep some of your records even after you delete your account. But I should also mention that mint notified me, way before I could notice it in my bank account, when my credit was fraudulently used.
My husband and I had a huge fight over using mint, I did not want to sign up for it for the exact reason you described, I just didnt think it was worth the risk. I add our paychecks and the few transactions that come from our bank account manually. Maya- That sounds reasonable. I am reconsidering this Mint. Having everything laid out in detail online in one spot just waiting for a hacker hankering for a challenge? That makes me nervous to say the least. I get that some people like it, but its not for me.
I asked my bank about that a while back and never connected my Mint Canada account to my bank because of that. Also, where are the servers located? Canada or the US? Never mind hackers!!! Although the fact their servers are US-based does concern me somewhat. What gives you that idea? The same logic can be applied to pretty much anything — digital privacy and security concerns have always been there and will continue to always be there.
Using Quicken to download your account transaction data, online tax preparation software to file your taxes, or making any online purchase is just as risky as using Mint. What if the PFM tool was offered through and secured by your financial institution? Would that make a difference? I stopped using Mint. I really liked having all my purchases automagically sorted.
And that security breach is just there, waiting to happen. I now resort to an homemade Excel sheets with a few bells and whistles to track my net worth and my investments. I canceled because both of my credit cards were hacked within days of starting the use of Mint. Thank goodness my banks are great and took care of everything right away. Its more likely you have malware on your computer siphoning off your keyboard strokes, or shopped at some online website with poor security.
In that case, deleting your mint account would have little effect. We may receive compensation when you click on links to those products or services. Personal Finance. Why I Cancelled Mint.
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List of Partners vendors. Mint aims to bring together a view of your total financial life, including bank accounts, bills, credit cards, and investments, to provide personalized information to help you manage your money.
Since its formation in , it has had great success with raising capital and expanding its customer base, reaching millions of users. Its operations improved as a result of its acquisition by Intuit INTU in , allowing it to capitalize on multiple revenue streams.
In Aug. Although Mint does not make most of its company financials or user information readily available to the public, a post on the company blog in indicated that—after 10 years in existence—Mint. It is likely that this number has only grown larger in the time since. A user links their Mint account with their personal bank account. Then, as transactions occur, Mint receives the financial information and provides customizable reports.
The same process is completed with investments, credit cards, and other financial accounts. Users can input information regarding real estate properties owned to track real estate values. Mint offers users an easy way to see their bills and money together in one place. This allows for an individual to create and manage a budget while providing a way for users to receive alerts for different types of activities on their accounts. Information from larger banks is typically extracted using web services or file-transfer protocols, while data from smaller institutions can be extracted using web scraping.
Mint currently uses Intuit's Customer Central platform to collect data. Mint has monetized its free product by including advertisements on various parts of its website and app to generate advertising revenue.
For a fee, companies may purchase advertising space on Mint's various platforms. Mint utilizes targeted advertising, so users may find the advertisements relevant since prior search history and elements of the user's profile are utilized in the contextual ad displays.
Another revenue-generator for Mint is a paid credit-report monitoring system. Users of Mint can opt for a free credit monitoring system, which allows them to access free credit scores at any time. As noted above, Mint is free to use and ad supported. The app gives you free access to check your credit score via TransUnion, and will alert you to changes in your score. This is certainly useful, and just about everyone should have a way to check their credit score at need.
This makes it helpful, but not particularly special. The same is true of suspicious transactions. As above, you certainly want to know about any suspicious transactions from your bank or credit card accounts as well as your loans.
However, most if not all major banks and credit cards also monitor your accounts for suspicious activity. Mint is a very well rated, well regarded financial app. However, it takes a while to set up and account connectivity may be an issue for some users.
Please try again later. We are currently aware of an issue where users are encountering error when attempting to connect their Manulife Bank Canada accounts. We are working Read more We are currently aware of an issue where users are encountering error when attempting to connect their Golden 1 Credit Union accounts.
Please Read more We are currently aware of an issue where users are encountering error when attempting to add or update their Vancity Credit Union Canada accounts. We are currently aware of an issue where users are seeing an incorrect balance for their Kinecta FCU accounts.
We are working to resolve this as quickly Read more We are currently aware of an issue where users are encountering error when attempting to connect their LPL Financial accounts. We are working to Read more
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