Skip to main content
Non-financial boards have been closed.

Non-financial boards have been closed but will continue to be accessible in read-only form. If you're disappointed, we understand. Thank you for being an active participant in this community. We have more community features in development that we look forward to sharing soon. | The Motley Fool Community
Message Font: Serif | Sans-Serif
No. of Recommendations: 3
If you use Quicken to download transactions from bank and credit unions, that data will be, generally, stored in the cloud unless the bank or credit union implements what Quicken calls the Direct Connect access method. Direct Connect is primarily used by brokerage firms.

The way most people will read this statement, it is false. At best it is misleading.

When I Click the "Up Date Accounts" function in Quicken, Quicken copies my login and password for my credit card, sends it to the financial institution and waits for a limited amount of time to get any data the institution has. If data is supplied, that data is sent to my computer. If you think Quicken is keeping my transaction data you are wrong. Indeed Quicken will have closing prices on my securities and it does store those - it stores all the Vanguard funds, not just the funds I own. And it does dig that data out and give it to me.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.