It’s been a month since Mint.com was officially acquired by Intuit, and I wanted to take a moment to let you know the plan for Quicken Online – and what it means for you, our Quicken Online users.
Aaron Patzer
You may have read that we’ve decided to “end of life” Quicken Online, which is true – but not before our dedicated team of engineers from the Personal Finance Group here at Intuit combine the best of both Quicken Online and Mint.com into a single product: Mint.com from Quicken.
And the product will remain free. The marriage of the industry-leading products is an exciting challenge for the team working on it here, and we hope you’ll be as excited by the outcome as we are by the process.
Our goal is to take the best features from both services to raise the bar even higher for online personal finance tools. Until that is accomplished early next year, they’ll continue as separate products serving separate audiences.
Because I’m an engineer by trade and an inventor at heart who’s passionate about creating the most comprehensive, easy-to-use personal finance tool, making that promise without detailing the specifics doesn’t mean much. Below, I’ve detailed some of what you can expect as a current Quicken Online user.
From Mint.com, we will incorporate:
• Extra money management power: from the ability to track investments, to additional budgeting functionality to help you save and do more with your money.
• Access to Mint.com’s Savings Engine, which uses a patent pending algorithm to analyze spending trends and finds ways to save money – on average at least $1,000 on the first visit – by showing you the best checking and savings accounts, optimal credit cards, the best interest rates on CDs and more, all tailored specifically to your financial situation.
From Quicken Online, we’re going to continue to offer the tools you’ve grown to love:
• The ability to enter and manage cash purchases or checks that haven’t yet cleared
• The combined product will support all 14,000 financial institutions currently served by Quicken Online – up from roughly 8,000 currently supported by Mint.com.
• An upgraded iPhone application that includes the popular ATM finder.
Please keep in touch through this forum and our other channels to help us continue to innovate and improve. Customer feedback was a primary driver in making Mint.com and all of the Quicken products, and we’ll continue to rely on you, our loyal users, to keep us headed in the right direction.
I’ll be back in touch in the coming weeks with updates on the latest version of the Quicken desktop product – and the upcoming release of a new Quicken for Mac.
Thank you for your continued support,
Aaron Patzer
VP and GM of Intuit’s Personal Finance Group
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