Quicken Inc recently announced a new subscription model. The subscription i
s for 1 year and the price point appears to be approximately 2.5 times what
the current year versions sell for.
More concerning than the price increase is your Quicken data will become re
ad-only if you fail to renew the subscription.
This new model is currently being test driven with the Canadian version of
Quicken 2017 and, if nothing changes between now and the roll out of Quicke
n 2018, it will likely be the model for US versions of Quicken.
To read the details of the subscription model, see the Quicken Canada Order
Here is an excerpt from the order questions FAQ with the info on what happe
ns if your subscription expires:
What happens when my Quicken subscription ends?
When your Quicken subscription ends, you'll still be able to access, view,
and export all of your financial data. You will never be blocked from acces
sing your financial history. However, Quicken will switch to a reduced func
tionality mode. In this mode, some features may be limited or unavailable.
For example: ?You can open existing data files and see all your ex
?You can view, edit and delete existing transactions?includ
?You can create, run, print and save reports.
?You can export your data, make or restore a backup, and make a cop
y of a file.
?You cannot access any Connected Services such as bank downloads, s
tock quotes, online bill pay, bill linking, credit score, or mobile sync.
?You cannot add new transactions via file import or manual entry.
There is a suggestion on the Quicken Community forum that Quicken Inc shoul
d reverse its decision to change to a subscription that makes the user's da
ta read-only if they stop paying, with a lengthy discussion on the topic. T
hat discussion has been closed to further comments, but you can still vote
for the suggestion. Note - you will need to register for the forum to vote.
If you feel strongly about the new subscription model and would like to con
tact Quicken Inc CEO Eric Dunn, you can find the corporate headquarters add
ress and phone number here:
- posted 3 years ago