Mint.com – The Latest Financial Internet Service

The sale of Mint.com to Intuit (Quicken Financial) just closed 11-2-09 for $170 million just two years after Mint.com opened business on the Internet. You may want to check it out. It is currently a free service and Intuit says it is remaining a separate and free online service.
I have been using Quicken since shortly after it started business in 1988. It is an excellent financial program but does require a lot of effort to setup the individual categories initially. Mint.com claims to simplify this process. Mint must have something good for Intuit to pay $170 million for a company that has been in business for only two years.
However, having said all the good things above, I won’t be using Mint.com for one overriding reason. A key ingredient of their service requires the user to divulge their bank account data including account numbers and passwords.

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