Between the Lines

Larry Dignan, Andrew Nusca and Rachel King

Quicken Online closes for good; migration to Mint is less than ideal

By | August 30, 2010, 3:05am PDT

Quicken Online has officially made its way into the history books, welcoming Mint to replace it, as of the weekend.

But unlike other migrations from one software product to another, many of which do a lot of the heavy lifting for the user, this switch from Quicken Online to Mint is no day at the beach. Because the platforms for the two products are so vastly different — including the way transactions are handled — the migration has been less than ideal, the company acknowledged.

Specifically, Quicken Online users weren’t converted to Mint.com customers automatically. Users were required to establish new accounts. And, transactions from the tracked accounts in Quicken Online didn’t automatically convert into Mint, though the company did provide a way to offload the transactions into a standalone file for saving.

Shortly after the company closed the acquisition of Mint, it first announced its intentions of shuttering Quicken Online. Aaron Forth, director of product design for the company’s personal finance group, said his team spent months working on ways to seamlessly migrate Quicken Online into Mint but that the two had so many different nuances that mashing them together created new problems, such as duplicate data.

And because the company was already focusing its resources at Mint, and not Quicken Online, the best decision was to shut it down and help customers migrate over to Mint.com. Of the 50,000 Quicken Online customers, about 40 percent were already Mint.com customers - half as regular users and the other half as Quicken Desktop users who appeared to be experimenting with the online version.

For the past several weeks, Quicken Online users have been bombarded with reminders that the end was near.

But that doesn’t mean that some weren’t - or won’t be - caught off-guard. Nor does it mean that they will all love using Mint. As I said in a post this morning about e-mail, there are those who “get it” when it comes to new technology and those who still compare everything to the old way. For those, the company has established an FAQ.

Bottom line: Mint is not Quicken Online. Some people will learn that the hard way today.

Kick off your day with ZDNet's daily e-mail newsletter. It's the freshest tech news and opinion, served hot. Get it.

Topics

Sam has been a technology and business blogger for more than 18 years.

Disclosure

Sam Diaz

Sam Diaz has nothing to disclose.

Biography

Sam Diaz

Sam has been a technology and business blogger, reporter and editor at ZDNet, the Washington Post, San Jose Mercury News and Fresno Bee for more than 18 years. He's a member of the National Association of Hispanic Journalists and a graduate of California State University, Fresno.

Talkback Most Recent of 35 Talkback(s)

  • ZDNet Gravatar
    john.burkett3@...
    30th Aug 2010
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    As far as I can tell this does not affect Quickbooks Online, and I'm happy about that.
    ZDNet Gravatar
    spambox@...
    30th Aug 2010
  • There are some who get it and some who compare it to the old way.
    I have used both and Mint and Quicken Online. Before that I've used Microsoft Money. Mint falls short in actually tracking transactions that have not cleared yet. Mint has budgeting tools that allow for best guesses at where and how you spend your money and yet provides no way to track recurring monthly or even yearly expenses. It's insulting to infer that this is an adequate solution for everyone. Try having a car loan or owning a house. Sure, I get up to the minute notifications of where my balances are at today, but that's not much better than checking my account balances from my individual banking websites myself. If you need a more accurate depiction of your financial future, you will have to purchase something such as Quicken 2010. Don't get me wrong. Mint is a great tool but, it certainly is not a one shoe fits all.
    ZDNet Gravatar
    abyssmal_shade@...
    30th Aug 2010
  • Shot in the foot
    Intuit seem to have shot themselves in the foot with Mint. The only reason I really used QOL was to look ahead and see what my account balance would be. Mint does not have that feature and despite hundreds, maybe thousands of requests for it in the Mint forums Intuit are ignoring us.

    I've closed my Mint account and am actively looking for an alternative.
    ZDNet Gravatar
    wolrab49@...
    30th Aug 2010
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    @wolrab49@... Quicken/Quickbooks shoots itself in the foot every time it has an upgrade or a patch. Ask me about Quickbooks' PDF converter at your peril.
    ZDNet Gravatar
    bobjones2007
    30th Aug 2010
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    Hi wolrab49. Please give http://www.monkeypeanuts.com a try.

    Manage multiple bank accounts from one dashboard
    It's free and anyone can join

    Supports all major US banks and credit cards

    Fast
    Directly connects to your bank
    Doesn't use slow third party providers

    Clean
    No clutter!
    Easy to use just like GMail

    Secure
    Extensive use of AES encryption
    Bank credentials are never stored online
    ZDNet Gravatar
    wayubi
    22nd Feb
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    @wayubi Sorry but this does not make me want to give you my info. Keep trying.
    ZDNet Gravatar
    keith5885
    9th Nov
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    Epic Failure on Quicken's part.

    Mint.com does not have the same functionality and I have found it pretty useless. If you check the forums they have pretty much ignored customer requests and requirements.

    Canceling LandWare's involvement also killed of functionality that does not exist...where is the same capability found for so long in PocketQuicken.

    I find it sad that as technology continues that Quicken and associated programs (PocketQuicken) have stepped backwards. I am now using a different product that compliments my spouses and my Android phone.

    Goodbye Quicken...you have lost a customer.
    ZDNet Gravatar
    Rilesman
    30th Aug 2010
  • Quicken is a big fat target
    Now that Intuit has a virtual monopoly in online and computer-based personal money management, it is acting like a monopoly. They deliver less value in terms of new features, prices go up, they force you to upgrade (to Mint online or to some new version of Quicken on your computer). Clearly, they are not satisfying the consumer and a smart new entrant could knock them off. I hope this happens.
    ZDNet Gravatar
    felixmk
    30th Aug 2010
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    Amen to that. I agree completely. There are many disgruntled (PO'd) Intuit users (all products, remember the TurboTax fiasco of a couple of years back) who would absolutely love to see them knocked off their arrogant perch. Customer focus? I think not. Where's the competition?
    ZDNet Gravatar
    jordandw
    30th Aug 2010
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    @felixmk since when has Intuit been a monopoly, there have always been alternatives (Money, Peachtree, etc)
    ZDNet Gravatar
    bobjones2007
    30th Aug 2010
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    @bobjones2007

    Money is no longer available, which ticks me off as I have always preferred it to Quicken. I run an old copy in XP Mode on WIn7.

    I may keep track of financial info online with my various banks, credit card companies, investment frims, etc., but my actual finances are kept on a removable flash drive.
    ZDNet Gravatar
    wafsd
    30th Aug 2010
  • When will we learn the pitfalls
    of online products:
    No connection no work done
    Trusting someone else with your data
    Forced to change at anytime
    Slow and clumsy interfaces
    Totally at mercy of others
    ZDNet Gravatar
    lostlogic
    30th Aug 2010
  • ZDNet Gravatar
    bobjones2007
    30th Aug 2010
  • RE: Quicken Online closes for good; migration to Mint is less than ideal
    @lostlogic

    Amen. But it does not stop there. Intuit received a very irate phone call from me when QuickBooks required re-registration after 3 years of ownership. I paid the full $1,300 for the perpetual licence, not an annuual subscription. Seems they timebomb even perpetual licences That isn't fun when you need to do some work at the weekend and their help desk is closed.

    Customer service... give me a break. They even charge you for a call when they cannot fix the problem.

    In the future, I won't ever be updating or purchasing any Intuit product. When my current application is no longer useful, I'm moving to GNUCash.

    Pity, because Quicken and QuickBooks were really good products and much better than the alternative vendors.
    ZDNet Gravatar
    david.hunt@...
    1st Sep 2010

Talkback - Tell Us What You Think

Formatting +
BB Codes - Note: HTML is not supported in forums
  • [b] Bold [/b]
  • [i] Italic [/i]
  • [u] Underline [/u]
  • [s] Strikethrough [/s]
  • [q] "Quote" [/q]
  • [ol][*] 1. Ordered List [/ol]
  • [ul][*] · Unordered List [/ul]
  • [pre] Preformat [/pre]
  • [quote] "Blockquote" [/quote]

The best of ZDNet, delivered

ZDNet Newsletters

Get the best of ZDNet delivered straight to your inbox

Facebook Activity

White Papers, Webcasts, & Resources