top of page

Should You Trust Mint.com? – NYTimes.com

Writer's picture: Steve MartinSteve Martin

A friend recently mentioned to me that he was considering using Mint.com but was worried whether he should trust the site with his bank account information.

To take advantage of Mint.com’s money tracking services, you need to enter your bank account user names and passwords so Mint.com can keep track of how much you’re spending and saving. This raises the question of how safe sharing that data is and how easy it may be for someone to get that information from Mint.com and then use it to log into your accounts and swipe out your money.

There’s also the question of what would happen to that data if the site were ever to close, which is the fate of at least one rival site. A Mint.com competitor, Wesabe, announced late last week that it was shutting down its similar budget tracking service as of July 31. “We were able to keep the business going for seven months after exhausting our venture backing, but did not get to profitability and made the decision to stop pursuing the business,” Marc Hedlund, Wesabe chief executive officer, wrote to Bucks in an e-mail message.

0 views0 comments

Recent Posts

See All

Comments


Purposeful Financial and Legacy Planning

Fee-Only Financial Planning

(970) 443-1873

3400 Rosestone Ct, Fort Collins, CO 80525

  • Facebook
  • Twitter
  • LinkedIn

©2020 by Purposeful Financial and Legacy Planning

DISCLAIMER: This website is for informational purposes only and does not constitute a complete description of our investment services or performance. This website is in no way a solicitation or offer to sell securities or investment advisory services except, where applicable, in states where we are registered or where an exemption or exclusion from such registration exists. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION POSTED ON THIS OR ANY 'LINKED' WEBSITE.

All domestic and international rights reserved. No part of this website, including text, graphics, et al., may be reproduced or copied in any format, electronic, print, et al., without written consent.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CERTIFIED FINANCIAL PLANNER in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

bottom of page