Uh oh. A whole bunch of Quicken Online users are going to be upset, if they aren't already. On August 29, 2010, Quicken Online will be shut down and replaced by Mint.com, as expected. What's the bad news? Intuit is not going to transfer Quicken Online data to Mint.com. Ouch!
When Intuit bought Mint.com online personal finance software in 2009, the company announced that it would blend the best of each online tool to morph them into one great online app. But, this isn't going to happen, and Quicken Online users have about one month to decide if they will start over again with their personal finances in Mint.com, or if they will defect to another online personal finance software source.
Using Quicken Online? Will you switch to Mint.com, or are you considering other personal finance software alternatives?
You will have to dig into the Quicken Online Discontinuation FAQ page to get more details. The FAQ page says, "We realize you may have received messaging several months ago that we would migrate your Quicken Online data into Mint.com", but Quicken Online and Mint.com are so different that data migration would result in "a very inaccurate picture of your financial situation and require too much manual reconciliation."
Quicken Online users can export their data to a CSV file, which can then be imported into a online financial software services and desktop personal finance titles. One of my favorite online financial software apps that will import Quicken Online data is moneyStrands (review), but it won't import your categories. Ironically, it is impossible to import CSV or other files types into Mint.com at this time.
Intuit will securely remove all Quicken Online account data on August 29. You can cancel your Quicken Online account on your own sooner, but I recommend downloading the CSV data first.
Using Quicken Online? Will you switch to Mint.com, or are you considering other personal finance software alternatives?
Quicken Online Photo Courtesy of Intuit
This is exactly what I’ve come to expect from Intuit. They don’t give a hoot about their users, just how to extract more money from them. They don’t fix ‘known issues in any of their programs and leave us to fend for ourselves.
If everyone told them to go suck an egg, maybe they would get the hint…