Personal finance apps like Mint need your login user name and passwords to organize and manage your accounts. Once you’ve synced up your accounts using your bank’s login information, you can create a unique PIN to sign into your Mint account. Finally, Mint offers a chance to plug in spending before you do it so you can see how it will work with your overall financial plan. If you make regular ATM withdrawals or you rely on cash for everyday spending, it can make keeping tabs on what’s going out a little confusing. To take the position that Mint.com is safe because the technology behind it as secure as other online banking would be short-sighted, as it doesnât consider additional factors. Instead of visiting multiple sites to check your bank account or credit card balances, you can view everything at once using this free app. In the interview above, Mintâs former VP of Engineering talks about how Mint knows that security is one of the major stumbling blocks for consumers, and how they have tried to overcome that with the highest levels of protection. This linking enables Mint to update your transactions automatically. Yes. When you create an account, you’re able to link all of your bank accounts, credit cards, and investment accounts. Taking everything weâve outlined into account, Mint is a top choice for a safe, easy-to-use personal finance tool. In Mintâs case, it definitely has to be the former. Mint is safe to use. It also comes in handy if you need a way to verify transactions without having to sort through a stack of receipts. And if you’re a cash budgeter? While it has an advantage in being completely free, does it still stack up against its main competitors? To get information for a specific date range, all you have to do is alter the URL a little by adding a start date and end date. As mentioned earlier, it has a 4.7-star rating (out of 5) in the App Store. You can also sign up from the website and use Mint from your desktop computer. To help put your fears to rest, we got the inside scoop on the security and logistics of Mint.com. Mint App Manager--Is It Safe? The integrations are easy to set up and fairly consistent. Is the Mint App Safe? The catch is that you have to provide the username and password you use for each one, which can certainly make you feel jittery if you’re worried about a security breach. Over the 4+ years we have used Mint, theyâve broken from time to time as banks have updated their websites, but generally speaking the integrations are good. The app uses several advanced security features, including multi-factor authentication and TouchID for account access. The company behind the app Money states that it uses multi-level security mechanisms, including firewalls and VPN to protect the data it collects. User Generated Content Disclosure: These responses are not provided or commissioned by the bank advertiser. Millions of Americans use free personal finance apps like Mint.com to track their spending, but many people still have reservations about whether it’s safe to link bank accounts with online budgeting tools. Acquired by Intuit in 2009, this app has continued to improve over time, but it faces some pretty high end and more modern competition today. If you need an easy-to-use tool for tracking your spending and keeping tabs on your budget, Mint.com is an excellent choice (among many other finance app alternatives). But what I know is that the power of these tools to help you get your spending under control is so great that I think that power outweighs the risk of the potential vulnerabilities of any financial tool or any site or any app. Itâs missing a lot of functionality that the full-fledged website has. the mobile app We safeguard Mint with your own 4-digit code so only you can view your account. Additionally, the information you use to sign in to Mint is stored in a separate database with its own hardware and software encryption. How Does Mint Free Credit Score Compare to Your FICO Score? If you want to be able to track your cash spending without having it wreak havoc on your budget set up, there’s a pretty simple solution. Even though Mint’s security seems to be pretty airtight, there are still a few things you can do to make sure you’re keeping your account information as safe as possible. That’s possible. For example, say you take out $100, for example, and spend $30 of it at the grocery store. With a wide range of 100% free budgeting services provided by the Mint app, this software boldly stands out as one of the best personal finance apps to consider using. The Humaniti app. Finally, you should avoid using Mint over Wi-Fi services and you should also be mindful about allowing third-party access to your account through Facebook or other apps. You can download the extension and learn more about it here. It cannot access any login and password details, and is safe to use. For instance, you can see what your 401(k) or IRA is worth and even backtrack to gauge their performance over time. Mint is a great tool to use if you’re looking at ways to improve your financial management. Notices: Welcome to LinuxQuestions.org, a friendly and active Linux Community. To get started using Mint, you must link one or more of your financial accounts. To protect your account, Mint suggests that you create strong passwords, never share your passwords, use virus protection and a firewall on your computer, and don’t install programs from unknown sources. Money expert Clark Howard frequently gets calls on his radio show from people who want to know if Mint and other budgeting tools are safe to use. She is an expert in consumer banking products, saving and money psychology. If something happens and your phone is lost or stolen, you can delete your account from another computer or mobile device remotely. If you ever need to verify a transaction down the road, you won’t be able to access that history. This will keep Mint from updating the account from that point on, but you won’t lose any of your previous transaction information. This allows you to record your cash spending without having to worry about it showing up twice in your budget. Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Is the Mint App Safe? Just be sure you’re updating your information on Mint when you make these updates to ensure that your accounts are syncing properly. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. These offers do not represent all deposit accounts available. You can submit a question online at Clark.com/Ask. As such, it doesn’t take your security lightly. It doesnât seem to be a native app developed for phones, rather a web app in a app wrapper. Our free budget tracker helps you understand your spending for a brighter financial future. When you set up your Mint.com account, it will ask you if you want to link to your bank accounts. While it would be nice to just be able to click a single button to see your spending by date, this is a fairly uncomplicated fix that works just as well. Walnut only reads business and transaction messages. That way, you don’t have to worry about your regular email getting hit with phishing scams if someone succeeds in getting a peek at Mint’s information. This can be done either through your email or phone. How Mint Security Protects Your Information. Mint is designed to be a read-only service, which means you can’t transfer money back and forth between accounts. Understandably, the Equifax data breach in September 2017 has only made people more cautious. While Mint seems basic on the surface, there are tons of ways you can use it to get a more complete picture of your finances. © 2020 Clark Howard Inc. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. Yes. That would require knowing where the servers are located, bypassing the physical security measures that are in place, and cracking the code on how the data is encrypted. You could opt out of tracking the cash altogether by hiding ATM transactions from your budgets but that kind of defeats the purpose of Mint. For one thing, you can set up a separate email address to sign up for Mint. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. Jul 2, 2019 - Is Mint a safe budgeting app that can help you save money? 1. Apps like Mint ask you to plug in your banking information so the program can keep track of your expenses and overall balance to make a budgeting plan. Frankly, the app is clunky and buggy. If someone were to get their hands on your Mint login, all they’d be able to do is view your balances and transactions. Fortunately, there’s an easy work around to view your transactions by date: If you go to the Transactions page, the URL that displays should be: https://wwws.mint.com/transaction.event. For instance, if you want to view your holiday spending, you could change the URL to look like this: https://wwws.mint.com/transaction.event?startDate=12/01/2018&endDate=12/31/2018. If you use it to manage your finances, you may be wondering: Is the Mint app safe and secure? After you’ve linked your accounts, you can use Mint to track your budget, creating savings goals, and get alerts on your spending. The same is true for mobile devices such as iPhones or Android phones that may have a Mint.com app running on them. Itâs surely safer if you do not give your bank account information to anybody, or even better, not to open any bank account. So using my old CBA account I signed up and linked the account so I could try out the app. With Mint, you can: SEE EVERYTHING IN ONE PLACE Mint is a budgeting app, bill tracker, and financial planner all in one. Mint: Mint offers its budgeting services free of charge. Privacy Policy | Ad Disclosure, How to Switch Phone Carriers (Without Making a Mistake), How to Freeze Your Credit with Equifax, Experian and TransUnion, Best Credit Cards for Saving and Investing Rewards, The 4 Credit Cards in Clark Howardâs Wallet, How to Choose a Credit Card for College Students, Best and Worst Homeowners Insurance Companies, Travel Medical Insurance: What You Need to Know, Long Term Care Insurance: What You Need to Know, 6 Things to Know Before You Start a 401(k), Things to Know Before You Cancel Your Streaming TV Subscription, How to Find the Best Deal on Cheap Internet Service, Free Advice: Clarkâs Consumer Action Center, Ask Clark: Submit a Question for the Show, Insert details about how the information is going to be processed. Mint has a two-factor authentication process so it makes it hard for people other than you to access your data. Is Mint.com Safe? Mint takes steps to maintain a secure connection, and ⦠The reason people like Mint is because it allows you to see all of your financial details in one place. Like any cloud service, you should approach it with an understanding that nothing is absolutely secure. While Mint offers lots of features and tools to help you manage your money better, there are a few capabilities it lacks. No web-based rival provides as comprehensive a collection of tools for tracking your spending, budgeting, and goals. Trust and Credibility. Especially compared to other personal finance apps in the market like Spaceship Voyager. User Name: Remember Me? If you’re thinking of signing up for a Mint account and you’re worried about a security threat, you should check with your bank first to find out what the consequences would be if your cyber thieves make off with your information. Mint, which comes from the makers of TurboTax and QuickBooks, also uses multi-factor authentication. Mint is safe to use, however I recommend throughly evaluating any of the outside offers they recommend you. How exactly does Mint work? If you do a tag search and a charge shows up that you don’t recognize, it could tip you off to possible identity theft before the crooks have had a chance to funnel any more money out of your account. Quick answer: Mint uses bank-level encryption and monitoring through various 3rd parties companies for read-only access to your financial accounts. It features multi-factor authentication, a four-digit code, and is touch-ID capable, making it extremely difficult to access your information. Mint does offer investment tracking and credit score tracking as well. As you ask, you probably are in the US or Canada. YNAB review: Is this budgeting app better than Mint? Mintâs parent company, Intuit, has been keeping peopleâs financial data safe for years. Additionally, all of your personal information is kept safe. Check out these new top banks that people are talking about: Rebecca is a writer for MyBankTracker.com. analyze all the data and make suggestions on how to better optimize and save you money Mint is a free personal finance service that's in a class by itself. One of the most irksome is the ability to automatically sort your transactions by date. All in all, Mint is like a financial coach in your pocket. Whether or not you’re using a personal finance app like Mint, you should always be changing your bank and credit card passwords on a regular basis. If your mobile device is ever lost or stolen, you can delete all your account information remotely. And donât worry. Basically, that means that instead of the bank covering whatever money the hackers made off with, you’d just be out the cash altogether. We live in an era where no matter what encryption level people are using, whatever security, there are vulnerabilities in the system. The online app is complemented by the free Mint mobile apps for iPad, iPhone, Android, and Windows mobile devices. The Mint mobile app is a good but not great. “Login user name and passwords are stored securely in a separate database using multi-layered hardware and software encryption,” Mint said on its security FAQ page. As mentioned earlier, the Mint app is secure. There’s the possibility that Mint could be held liable for your information being stolen but since there haven’t been any breaches reported to date, there’s no way to know how the situation would pan out. Mint was created with your financial prosperity in mind. All you do is create a tag to identify those expenditures that have been verified, like “Accepted,” “Noted,” “Seen,” whatever is easiest to remember. You can do this by going to your Accounts at the top of the page, clicking on the one you want to deactivate and then changing the drop box option to “Closed.”. 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