George Costanza
A Friendly Liberal
The other day, I bought the basic version of Quicken. I wanted to organize my finances and keep track of a number of accounts we have.
I loaded it onto my computer and started in. The second thing they want you to do (after registering the software, of course) is provide the online passwords to all of your accounts, i.e., checking, savings, retirement, brokerage house accounts, etc. The idea is that, once you do, Quicken will then be able to download all of the information into the program so that the program can then organize the information and display it in various formats (graphs, charts, etc.) in a way that will allow you to manage your accounts.
I am more than a little apprehensive about forking over online passwords to our bank accounts, retirement accounts and, least of all, our brokerage accounts. If those passwords were to fall into the wrong hands, we could be ruined - literally.
Has anyone else been faced with this problem? How did you resolve it? What do you think about the advisability of providing this kind of information to a Web site maintained by a company such as the company behind Quicken?
I loaded it onto my computer and started in. The second thing they want you to do (after registering the software, of course) is provide the online passwords to all of your accounts, i.e., checking, savings, retirement, brokerage house accounts, etc. The idea is that, once you do, Quicken will then be able to download all of the information into the program so that the program can then organize the information and display it in various formats (graphs, charts, etc.) in a way that will allow you to manage your accounts.
I am more than a little apprehensive about forking over online passwords to our bank accounts, retirement accounts and, least of all, our brokerage accounts. If those passwords were to fall into the wrong hands, we could be ruined - literally.
Has anyone else been faced with this problem? How did you resolve it? What do you think about the advisability of providing this kind of information to a Web site maintained by a company such as the company behind Quicken?