when you look at the terms and conditions of use it makes you want to walk away.
They explicitly state in their terms that they can't be held liable for anything more than $500.00. So if you give all your info and someone hacks into your account or into the database and then transfers funds from your accounts, you are only going to get a max of 500 bucks.
Now even if they are a public company and that is the limited liability they will be held accountable to then I'm not sure it would help.
They have security sure but unlike a bank they are not required to be held accountable beyodn the paltry 500 bucks. Buyer beware.
On Jan 28,[masked]:21 PM, Michael Stearne <[address removed]> wrote:
On Jan 28, 2008, at 3:34 PM, david wang wrote:
> I tried mint.com and i'm not really comfortable with putting all of
> my financial data online. i think its a great concept, but trusting
> a startup with such sensitive data seems a bit of a reach IMHO. The
> fact that they also logged into my credit card account automatically
> when i wasn't logged on creeped me out, so I closed my account.
> Right now I use quicken and i'm pretty happy with that. The reports
> aren't very pretty, but they do enough of a job for me.
Isn't Quicken storing your usernames and password on their machines
I am a mint user and kind of have the same reservations as others.
Maybe if mint was a public company where there was some oversight it
might be more reassuring.
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