Quicken / Intuit annual fee for qfx download

anthony_adp

My company currently pays Intuit an annual fee for the ability to download a qfx file into Quicken (qfx includes financial institution information). My understanding is that Quicken is not owned by Intuit any longer. Is it required for us to still pay Intuit for this? If not, can you suggest how we continue to have the ability to download the qfx file into Quicken without paying the annual fee to Intuit?

mshiggins

@anthony_adp is your company a financial institution?

Intuit still handles aggregation and transaction download services for Quicken Inc.

Austin@

@anthony_adp Yes, you will need to continue to pay Intuit since they provide transaction download services for Quicken (even though Quicken as a product is not owned by Intuit anymore).

nmestanas

Intuit sold off Quicken back in 2016. It was sold off again in 2021. What version of Quicken are you running?

anthony_adp

This would be for any version of Quicken that supports qfx download. We are trying to understand if we need to be paying Intuit an annual fee for the ability to import a qfx file to Quicken. The qfx file has Intuit tags that won't work with Quicken if we remove them:

<FI>

<ORG>

<FID>

</FI>

mshiggins

@anthony_adp is your company a financial institution?

Intuit still handles aggregation and transaction download services for Quicken Inc.

anthony_adp

Yes, we are a 401K provider. So, we need to continue to pay Intuit for transaction download services (.qfx downloads) for import into Quicken?

Austin@

@anthony_adp Yes, you will need to continue to pay Intuit since they provide transaction download services for Quicken (even though Quicken as a product is not owned by Intuit anymore).

nmestanas

OK, that clears it up. My apologies for any confusion.

Chris_QPW

It is interesting to hear that Intuit still gets these fees, as Quicken users we aren't "kept informed" about what fees Intuit does or doesn't get. But it sounds like nothing has changed on that. Intuit charges for QFX and Direct Connect. Note that they don't charge (at least that is what we have been told) for downloading transactions with Express Web Connect or Express Web Connect +.