Password Managers / Quicken Password Vault

phmassie

Can Password Managers such as 1Password be used with Quicken Password Vault? I have not switched to a Password Manager yet, but wondered if it is generating random passwords and storing them how this would work with Quicken Password Vault when updating all of my accounts?

Chris_QPW

First let me define something "random password".

Password managers don't really use "random" passwords.

What the term refers to is the picking of a password randomly, but once picked it is no different than any other password, it doesn't change every time you use it.

For instance here is randomly picked password: wPH2pZ3zquJ$6XU6PKkSEuiS$

Password managers work in a similar fashion to how the Quicken Password Vault works in that there is a master password to open their database of usernames and passwords.  Once open the password manager can supply the username/password for programs they support, like for the web browsers.

The password manager wouldn't replace the Quicken Password vault, what it would be used for is just storing the master password for the Quicken Password vault.

As an example say you have a checking account you might use the password manager's tool to create a random password for that account.  It will now need to be stored in three places.  At the financial institution, in the password manager's database, and in Quicken's Password Vault.

Why the duplication of the password in the Quicken Password vault and the password manager?  Because Quicken isn't integrated with any password manager.  You could choose to not use the Quicken Password Vault, but what would have to happen is that every time up wanted to update you would have to open your password manager, copy the password for that account and paste it into Quicken.

Instead by duplicating it in Quicken's Password Vault there is only one password you have to deal with on each One Step Update, the master password for Quicken Password Vault.  Note this lets you use a "complicated" hard to crack password for Quicken master Password Vault because it is stored in the password manager instead of you trying to remember it.

Now on the filling in of the master Quicken Password Vault password and the file password if used.

Whether you are going to have to copy and paste it in depends on the Password Manager.  I use RoboForm and it has limited abilities to fill in passwords in "regular" programs (non web browsers).  It can detect simple dialogs asking for a password like the ones used for the Quicken data file and Password Vault dialogs, and fill them in automatically.  Note it can't handle complicated ones like the One Step Update dialog with all the financial institutions passwords when you don't use the Password Vault.

In the above all I have to do is click on the RoboForm "Vault Password" (a name I gave it) at the bottom and it will fill in the password and even click on the default button, which is Update Now.

With other password managers they might not be able to do this, and you will have to copy and paste in the password.  What all password managers do have support for is filling in usernames and passwords in web browsers.

BTW RoboForm has support for Windows Hello so besides the master password it can be opened by face or fingerprint.

Sherlock

We use the KeePass password manager for the Password Vault password and to generate the financial institution passwords.  It's a simple matter to update a password in Quicken when we update the password for a financial institution or the Password Vault.  

Boatnmaniac

Password Vault does not generate random passwords nor does it work directly with password generation tools.  It is simply a data storage vault where you can manually enter and save your online account login information for the accounts you want included in One Step Update (OSU) so you don't need to manually re-enter that information every time you run OSU.

Chris_QPW

First let me define something "random password".

Password managers don't really use "random" passwords.

What the term refers to is the picking of a password randomly, but once picked it is no different than any other password, it doesn't change every time you use it.

For instance here is randomly picked password: wPH2pZ3zquJ$6XU6PKkSEuiS$

Password managers work in a similar fashion to how the Quicken Password Vault works in that there is a master password to open their database of usernames and passwords.  Once open the password manager can supply the username/password for programs they support, like for the web browsers.

The password manager wouldn't replace the Quicken Password vault, what it would be used for is just storing the master password for the Quicken Password vault.

As an example say you have a checking account you might use the password manager's tool to create a random password for that account.  It will now need to be stored in three places.  At the financial institution, in the password manager's database, and in Quicken's Password Vault.

Why the duplication of the password in the Quicken Password vault and the password manager?  Because Quicken isn't integrated with any password manager.  You could choose to not use the Quicken Password Vault, but what would have to happen is that every time up wanted to update you would have to open your password manager, copy the password for that account and paste it into Quicken.

Instead by duplicating it in Quicken's Password Vault there is only one password you have to deal with on each One Step Update, the master password for Quicken Password Vault.  Note this lets you use a "complicated" hard to crack password for Quicken master Password Vault because it is stored in the password manager instead of you trying to remember it.

Now on the filling in of the master Quicken Password Vault password and the file password if used.

Whether you are going to have to copy and paste it in depends on the Password Manager.  I use RoboForm and it has limited abilities to fill in passwords in "regular" programs (non web browsers).  It can detect simple dialogs asking for a password like the ones used for the Quicken data file and Password Vault dialogs, and fill them in automatically.  Note it can't handle complicated ones like the One Step Update dialog with all the financial institutions passwords when you don't use the Password Vault.

In the above all I have to do is click on the RoboForm "Vault Password" (a name I gave it) at the bottom and it will fill in the password and even click on the default button, which is Update Now.

With other password managers they might not be able to do this, and you will have to copy and paste in the password.  What all password managers do have support for is filling in usernames and passwords in web browsers.

BTW RoboForm has support for Windows Hello so besides the master password it can be opened by face or fingerprint.

Sherlock

We use the KeePass password manager for the Password Vault password and to generate the financial institution passwords.  It's a simple matter to update a password in Quicken when we update the password for a financial institution or the Password Vault.  

Chris_QPW

Note that in another thread a user of KeePass mentioned that he uses "auto typing" to fill in the passwords on the One Step Update dialog when not using the Quicken Password Vault.

https://community.quicken.com/discussion/comment/20081666?