Mint.com has gotten a lot of attention lately because of its purchase by Quicken and many are considering using Mint.com as part of their New Year’s resolution goals to get their financial house in order. Mint.com connects with your bank accounts, checking accounts and investment accounts to get real time data about your spending and assets, leaving many to wonder about Mint.com’s Security.
Many have issued concern over the security of the website, since it has access to the data regarding your financial accounts. Fortunately, Mint has done a great job of making sure that your data is safe. They use 128-bit SSL end-to-end encryption and provides bank-level security on your data. Mint.com is also a “read only” service, meaning that you (or anyone else) can’t move money from account to account with the service. Mint will also help increase your financial security by letting you know via email if there have been any unusual transactions in your bank accounts.
If you’re not familiar with Mint.com, it’s a service that provides you a financial dashboard which helps you see where your money is going. The service connects to your checking, saving and investment accounts and provides you a picture of where you’re at financially and where your money is going.
Mint.com also provides a number of other great tools. The service will evaluate your financial products and let you know if there’s a better option out there. For example, if you have a savings account and are only getting a 0.5% interest rate, Mint.com might recommend one that has a 2% interest rate. If you’re paying high interest rates on a credit card, Mint.com will recommend more affordable options. The service will also help you develop a plan to reduce and pay off debt.
Mint.com is absolutely free. If you would like to do your own Mint.com Security Review, visit www.mint.com
