Overview
When you set up a new account, Quicken automatically chooses the best method to connect to your financial institution. The method it chooses depends on the services supported by your financial institution, your preferences, and Intuit's relationship with the financial institution. The available methods are Express Web Connect / Quicken Connect, Direct Connect and Web Connect. Here is a summary of the differences.
| Feature | Express Web Connect | Direct Connect | Web Connect |
| Automatically download transactions from your financial institution. | X | X | |
| Pay bills and transfer money directly from Quicken. | | X | |
| Your financial institution may require a monthly fee and separate activation for this service. | | X | |
| You must manually download a file from your financial institution web site to update your transactions and account balances. | | | X |
Express Web Connect / Quicken Connect - Details
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| Availability | - Most financial institutions.
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| Features | - Download transactions and update account balances.
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| Setup | - Use the web site login information as your user ID and password when you add accounts at that financial institution to Quicken.
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| Bill Pay | - Not available from within Quicken.
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| Use | - You don't need to leave Quicken to download transactions and update account balances.
- Just update your accounts and your new transactions and balances will be downloaded directly into Quicken.
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| Fees | - You are not charged fees to use Express Web Connect.
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| Data | - Express Web Connect is a one-way connection. Data is imported into Quicken, but Quicken cannot affect your transactions or balances in any way.
- Access and retrieval of data is automated through the use of scripts and nightly aggregation. During aggregation, Quicken logs in to your online banking web site on your behalf. Generally this happens once a day and outside of business hours. Because of this, you may notice login activity on your online banking web site overnight.
- Your login credentials are stored on Intuit-hosted servers. This makes updates faster for you.
- Your financial data is stored on Intuit-hosted servers. This provides a more complete history of your financial transactions than is typical for data stored on financial institution servers.
- We use state-of-the-art security measures to protect your login credentials and your financial data.
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How do I determine which method is currently being used?
The connection method for your online-enabled account is listed on the Online Services tab of the Account Details dialog. (Choose Tools menu > Account List. Click the Edit button of the account you are interested in. In the Account Details dialog, click the Online Services tab.)