thePITman;428025 wrote:I Wear Pants, I read that in the privacy policy as well as the comments in those review links I posted. However, the phrase "same encryption as your bank" seems vague. So Mint.com has a list of banks and the type of encryption those banks use, then sees what bank you wish to connect to, chooses the corresponding encryption, then connects with your credentials? I guess that could be the reason it doesn't sync well with smaller banks; it may be harder to get in touch and gather security info from those organizations.
The problem isn't with someone logging into my Mint.com account to see the "read only" data. It's when I type in my username and password for my bank, that username and password being stolen, which can be used at the bank's actual web site.
I'm not saying it's NOT safe. I'm just saying it doesn't sound or seem like it's fool-proof like it's being made out to be. But then again, what is? I am sold on it, especially after hearing today that a few of my co-workers use it.
Several things. No, that's not how it works. But it uses the same methods to check your bank accounts as the banks website does. So if you feel secure using your banks website to do banking then you should be fine with this.
Secondly, you only ever type in your username and password for your bank once, when you set it up. Unless you mean you are going to use the same username and password for your bank and Mint/other things. Which would be stupid.
Of course it's not absolutely fool-proof and if someone was really, really determined to get at your info they could. The thing is, they would have to really know what they're doing and perhaps even have physical access to your computer.
Also, Mint is owned by Intuit who are very well regarded in the field (Quicken, QuickBooks, Turbotax, etc) so you should be able to rest a little easier.
