Updating old quicken files
However, these financial aggregation services tend to be read-only and are better suited for alerts or reporting your finances.
Reconciliation and online bill pay aren’t available with these types of services.
This test was conducted over a six-week period and used most parts of the application.
I specifically tested all accounts that had online synchronization, since that appears to be a common problem area among Quicken users.
However, when compared to a free service that can do most of what Quicken can do (e.g., Personal Capital), it becomes a much harder sell.
In addition, many banks now offer features that were once exclusive to Quicken (such as bill pay), further reducing the need to pay for this software. But for individuals with complex financial lives, Quicken can greatly help them better organize and save time.
Overall, this change makes sense for Quicken, since before it had to support at least three versions of the old software, which was a maintenance and tech support nightmare.
This change gets the entire user base on the same version at all times.