In article ,
Scary. I don't mean the price. I mean
But if customers do not renew their subscription, they will
lose more than just access to downloads from their bank.
"While you can continue to access your data and run reports,
you'll no longer be able to download transactions, OR ADD
MANUAL TRANSACTIONS [emphasis added]," a FAQ said in reply to
a question about what happens when access to Connected Service
Link to that FAQ:
I don't like software that suddenly stops working all by itself.
Even though I just upgraded to Q2017 Premiere, I've starting looking for a
Quicken replacement. I want to have the new software in place before the
Quicken extortion^H^H^H^H^H^H subscription fee starts.
Due to all of the software bugs in the last few versions of Quicken that
I've purchased (say, last 7 to 12 years), I've lowered my expectations and
usage requirements for a home finance program.
Indeed, the UI of Quicken has become more of an annoyance lately
(especially the low contrast text in the 2017 version)*, so I've been
seeking and finding other ways to accomplish the same tasks.
I've been playing with Moneydance, and so far it has been looking pretty
* - I understand that low contrast text has become a mainstay of Web 3.0
style, even so I cannot understand why. Why do content providers
intentionally make things more difficult to read?
Probably worth pointing out that the current 2017 version of Quicken will
continue to be functional for a number of years. The only known limitation is
that Quicken won't do security price downloads after 2020.
The unknown is when a Windows update will keep Quicken from running. Or when
your financial institution decides to stop paying Quicken to allow One Step
What sets Quicken apart from GnuCash, MoneyDance, AceMoney, etc. is
relationships with financial institutions. With Quicken, you can directly
download transactions from a large collection of banks, brokerages, and
so forth. The collection is sufficiently large that if your financial
institution is not included, it is feasible to replace it with a financial
institution that is.
GnuCash has a facility to communicate with banks over the internet, but
you have to hack it yourself. I tried it and I did not like it at all.
With Quicken, you can update any number of financial institutions in
one go. Because this is so convenient, you can do it every day. There
is no better way to deal with the problems of identity theft and other
financial fraud. Just last month, I was subject to an ACH fraud, a first
for me. I caught it 24 hours after the fraudulent transaction occurred.
The next morning, I called my bank and got the gears turning. The problem
resolved last Friday.
To put it crudely, Quicken has me by the balls. Until they do something
really awful (like copying my personal data to their servers) I will
just take it. The slang definition is BOHICA.
Won't it also stop doing bill payment after 2020? And won't it also
stop doing One Step Updates of bank accounts, credit card accounts,
etc. after 2020. I don't know for sure, but I thought so, and these
are two of Quicken's most valuable features for me.
Yes! For example, if my bank stopped doing that, I would switch to a
But if my brokerage house stopped, I couldn't switch to a different
one unless I switched financial advisors, which I don't want to do.
And to me, the big advantage is that monthly reconciliation, which was
a fair amount of trouble and took a while back in the days when I had
to do it on paper, now takes just a few seconds.
Yes, it fails to import data from Quicken correctly. I have
transactions from multiple banks, brokers, credid cards, etc. going
back many years, GnuCash, MoneyDance and all the others I've tried are
unable to import correctly, I'd have to manually begin over again and,
at my age (81) I may not have enough time left!
What he said!
I look upon Quicken as I do MSFT Windows, it's necessary. It doesn't
matter if I like it or not, I need it and nothing else can replace it!
BTW, David Arnstein, I'll need Quicken even more when that nice
Nigerian Price, Colonel Mogambu sends me the 25 million he's going to
So the 2017 version will continue to work just as it does now into
2020 without any subscription fees?
I hope the major banks will see the wisdom of not turning off theri
customers. The only reason we stay with our current bank is the
Quicken access and bill pay.
On Tue, 14 Feb 2017 21:41:48 -0700, XS11E
I think that changing over to a new money a manager is likely to
require starting over with the new software. I'd love to just be able
to import the Quicken data but I don't think that's going to happen.