Deprecate the password vault password

lagunajim
lagunajim Quicken Windows Subscription Member, Windows Beta Beta
in Login and Passwords

The password is unnecessary on the password vault.

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  • Boatnmaniac
    Boatnmaniac Quicken Windows Subscription SuperUser, Windows Beta ✭✭✭✭✭
    edited October 2024

    I disagree. One might not consider it to be necessary if one also has set up the optional data file PW but not everyone uses the optional data file PW.

    Also, not everyone closes Quicken after they have updated/reviewed the data file. Some people just keep the data file open for days and weeks at a time.

    I do believe that Quicken probably needs (for legal and liability reasons) to have some sort of mandatory PW protection for OSU PWs, whether with a PW Vault or with a mandatory data file PW. Since not everyone regularly closes Quicken and not everyone opts to use a data file PW, it seems to me to be logical to make a PW mandatory for the PW Vault.

    As a side note: PW Vault is only needed for accounts that are set up to download via Direct Connect. Express Web Connect and Express Web Connect+ connected accounts do not need to be in PW Vault because the account PW (for EWC) and the security token (for EWC+) are saved on the aggregator's (Intuit's) server. So, if your PW Vault includes accounts set up with EWC and/or EWC+, you can delete those accounts from PW Vault. Then if you have no DC accounts, you will not be prompted to enter a PW for PW Vault….or better, yet, you can simply delete the PW Vault.

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  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭

    I totally agree with @Boatnmaniac it needs a password, and basically is useless without it. The Password Vault is and encrypted store, it needs some kind of "key/password" just to function. That key "might" be something like Windows Hello as some have suggested, but it has to be something.

    And on the idea that "something" should be the Quicken data file password, well first off like @Boatnmaniac also pointed out, not everyone uses that, which means that both are still required. And as for trying to use the Quicken data file password for the password for the Password Vault has been tried in the past and it failed.

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  • Ray
    Ray Member ✭✭✭✭

    I have Fidelity that uses Direct Connect. Whenever I use One Step Update, I have to enter the 6+ character vault password. This is annoying and unnecessary.

    Please remove the vault PW step in OSU. If needed, the vault can be accessed from Tools > Password Vault.

  • Carolina Sands
    Carolina Sands Quicken Windows Subscription Member ✭✭

    Quicken Classic Home & Business updated to current version. All the accounts for Truist and other institutions are connected for OSU with WC. OSU for Truist is a mess. At Truist Bank my wife and I have savings (joint account), Checking (joint account), Money Market (joint account), Credit Card (one account with his & hers cards), mortgage, and HELOC. I deleted my Password Vault as described above. I deactivated one of the accounts. Next, when I try to setup that account again.

    image.png

    If I do not enter a PW "create a password" and hit OK:

    image.png

    NOTE this is Truist OnLine Banking - WC.

    When I click on OK. I'm returned to the Set up your password vault.

    The instructions in the above post say that a Password Vault is not necessary for WC connections. What's that all about?

    But then when I do enter the new PW vault password all proceeds OK.

    Please assist. Thank you.

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭
    https://community.quicken.com/discussion/comment/20510749#Comment_20510749

    Are you really using Web Connect? That is where you download a QFX file from the financial institution and then import that into Quicken. By the prompts you are using Express Web Connect (not that is should matter for the asking of the password or not)

    Looking at the possible options for Truist I see they also have a DC (Direct Connect) which would require entering the password vault password. Maybe Quicken is just getting confused about that in the setting up of the account(s). Have you tried just creating the Password Vault and linking the accounts, and then just deleting the Password Vault? (Provided you have setup for Express Web Connect).

    BTW Direct Connect tends to be more reliable than Express Web Connect.

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