Two Password Vault Passwords

BarryGraham

I have set up Quicken for my son.  He has a bank account and I want him to be able to download transactions.  However I don't want him to know my password nor to have to have me present every time he wants to download.  If I give him the password vault password, he can see my bank password.  The bank doesn't have a way of creating a login just for my son.  It would be good if there could be an admin password and a user password for the password vault, to allow a user to use the password vault without being able to see the bank password, or to require a separate password to enable the passwords to be edited.

Chris_QPW

Do you realize that as soon as you open the password vault, you can print all the passwords?
So, I would imagine that this request has more to it than just adding another password.

In reality my personal suggestion is that you should have a separate data file for your son, that contains only accounts where you truly want him to have access to.

splasher

You don't say how old your son is, but if he is the owner of the account, then he should be able to have his own userid and password to access his account(s) at the financial institution.

FlyerFran

Agree [email protected]_QPW,  setting up a new data file just for your son should work great.  Also he should ha e his own login at the bamk.

BarryGraham

Bank of America can't give him a separate login, I already asked. Having a separate data file won't help, as it would still allow him to see the online account password.

Chris_QPW

Yeah that is a sticky situation.  I thought the situation was that he was suppose to have access to one account (including its password), but not the others, which giving him access to the Password Vault password would do.  If the goal is to allow someone to do downloading, but still not know any passwords for the underline accounts, that is different than just assigning two passwords to the Password Vault or putting the account into another data file.

You are really asking for a change that redefines the privileges that are activated based on a given password.

Chris_QPW

BTW just to be clear.  I'm pretty sure what Bank of America is saying is that you can't have two logins/passwords for the same account.  But it should be entirely possible to setup another account with a different login/password.  That account could be a joint account with both you and your son having access to.

splasher

What is BofA's excuse that your son can't have a separate ID/PW?  Is your son not the primary name on the account?  I have never dealt with BofA, but the accounts my kids had were always in their names (with me as secondary) and still had their own ID/PW.  I know that this is not a user issue because I remember you from the B side and you weren't easily confused, I'd be asking why to BofA.

BarryGraham

Chris, you can have more than one login not not if you are a minor. Capital One is better here but I'm not ready to switch yet.

You are right I am asking for different vault passwords with different privileges.

BarryGraham

splasher said:

What is BofA's excuse that your son can't have a separate ID/PW?  Is your son not the primary name on the account?  I have never dealt with BofA, but the accounts my kids had were always in their names (with me as secondary) and still had their own ID/PW.  I know that this is not a user issue because I remember you from the B side and you weren't easily confused, I'd be asking why to BofA.

You are so kind! It may be the way the account is set up. I'll try again with the bank.

Chris_QPW

Well I don't have an account with Bank of America so I will take your word for it that they have a "strange policy".  That is really too bad.

Jim_Harman

My wife and I have a joint account at BofA and she has a personal account. We each have our own login. She can see the joint account and her own and I can just see the joint account.

So I suggest you give him his own Quicken data file and try again at BofA.

Chris_QPW

@Jim_Harman I think the problem comes in with his son being a minor.  Or at least it sounds like that.  I can't see why they would have a different policy for minors, but ...

Chris_QPW

BTW on a practical level, I doubt that even if Quicken Inc actually implements this feature it would come any time soon.  So that is one of the reasons for trying to find another way to workaround this for you.

Chris_QPW

When talking to Bank of America I have a feeling that this might be the stumbling block.
Say you have an account, and now you want your son to have access to it.  This is where they might put in these restrictions.
But say a new account is created in your son's name, and you are of course added.  Now they may or may not give two logins for that account, but as I see it that doesn't matter.  In a separate data file you have just your son's account.  In yours you add your son's account.  You won't have separate logins for that account, but I assume there isn't any problem with you knowing your son's username/password.  You just don't want him knowing your password for your account because it gives access to other accounts you don't want him to have access to.

I think this is basically @splasher's point too, but I thought I would just fill it out a bit with the details.

Jim_Harman

It is admirable to get the son up to speed on Quicken at an early age

If all else fails he could move the son's account to a different bank. 

BarryGraham

I will speak to Bank of America again to see if there is a different way of setting up this account. Otherwise the Capital One option looks good because I know I can do what I need with them.