Thursday, April 10, 2008

Refreshing Mint?


Found something out a few days ago - having several different banks to deal with is a pain. Ok, really, it didn't take me this long to figure that part out. But it did take me a long time to figure out a good way to monitor it all.

Try www.Mint.com. It doesn't cost you anything, and they don't have access to your money - all they do is display (in a read-only format) the assets and liabilities you have - just debit and credit.

This is from their website:

  1. You register anonymously.

    We do not need any personally identifiable information from you to set up your account. We only ask for a valid email address, password and zip code.

  2. We ask for your online banking user name and passwords, but we do not see or store that information.

    That means no one at Mint, and no potential hackers of Mint.com, can access your banking credentials.

  3. We partner with the leading online banking service provider to connect securely to your bank.

    That company, Yodlee, has provided account aggregation services to the top US financial institutions and to one of the leading desktop personal finance software products for more than 10 years. Yodlee’s security is audited by the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve. Your online banking credentials are stored only at Yodlee, enabling Mint to automatically and securely update your transactions and saving you from updating, syncing or uploading financial information manually.

  4. All communication between Mint and Yodlee is encrypted using 128-bit SSL, the financial industry standard for data protection.
  5. Mint provides bank-level data security for the transaction information we store.
    • Mint uses 128-bit SSL encryption to ensure that all communications between your browser and our Web site are secure.
    • We store transaction information in a secure facility, on our own servers, protected by 24/7 security guards and biometric scanners.
    • All Mint employees pass financial and criminal background checks as a condition of employment.
    • Mint.com has received the VeriSign security seal and is tested daily by Hackersafe.
    • Mint’s privacy protection standards are certified by TRUSTe.
    • Mint’s anti-phishing protection is provided by RSA Security, Inc.
  6. Mint does not know your bank account numbers or credit card numbers.

    We never ask you for this information and Mint does not capture or store this information from any other source.

  7. You cannot move money with Mint.

    Mint offers valuable insights and analytic tools to help you better understand your money…but Mint is a "read only" service. Meaning: you can view and organize your money with Mint, but you cannot move money between—or out of—your bank, credit union or credit card accounts.

  8. Mint alerts can increase your financial security.

    Once you’ve set up Mint’s text message or email alerts, you’ll be automatically notified whenever what you define as unusual spending occurs in any of the bank and credit card accounts that you’ve added to Mint. That means you’ll know about suspicious transactions and can act quickly to protect your identity, money and privacy.

    And a quick response is critical to limiting your potential harm from identity theft. Given that most of us have multiple accounts at multiple financial institutions, it’s perhaps unrealistic to expect that you will log on and check transactions in every account, every day to protect yourself against identity theft. Mint can do this for you, and only Mint offers this proactive, alerts service across the 5,000 US banks, credit unions, credit card and investment companies that we support.


Anyway, I hope other people find it as useful as I have so far. Let me know!

1 comment:

Page said...

Great post. Please try out another service: www.pageonce.com. It offers some of the features of Mint but also allows you to aggregate your social sites, airmiles , cell phone and other utilities, emails, other travel programs, shopping sites and entertainment sites.
Here is a link to a beta invite:
www.pageonce.com/utr.htm