It’s also primarily a read-only app so if someone did get access to your Mint app or your account, they couldn’t actually clean out your accounts unless you had already set them up as a bill-pay account. , the most popular cloud-based budgeting app, is owned by Intuit, which has a very good reputation and track record. Mint, the most popular cloud-based budgeting app It depends on your bank and its policies, which can be a murky area to dive into. It may not even matter if the loss is related to the third party you shared your credentials with. By willingly giving this information to a third party - the app - you could also be willingly giving up your right to have your financial institution cover those losses. ![]() ![]() This could be your checking account, savings account, credit card accounts, investment accounts and 401K. In order to aggregate your account information, the apps need your username, password and account number for each account you would want the app to include. There haven’t been any big breaches of financial apps reported yet but a lot of IT and financial pros are concerned about the possibility. Wait … what? Void your contract with your bank? Yes, some banks can deny fraud protection if you give your login credentials to a third party. Use them to track budgets, follow investments, see if checks have cleared and possibly void your contract with your bank, making you liable for losses you may suffer as a result of fraud. Mint, Quicken and other apps are a handy way to see your financial account information in one place.
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