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Getting aggregators and 2FA to play nice together

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  • Getting aggregators and 2FA to play nice together

    This started as an aside from Randleman1's thread regarding "Organizing your portfolio", so instead of hijacking his thread, I thought I'd start a new one.

    I've tried Quicken (PC software),,, TIAA 360, and possibly some other account aggregators to keep track of my personal finances.  The problem is, I have two-factor authentication (2FA) enabled on every financial site that supports it, and 2FA does not play well with aggregators.  For example, I'll enter my credentials for in Mint, and as Mint tries to connect, I get a text on my phone with a confirmation code.  Multiple this by many accounts, as often as Mint tries to update each account, and it's a mess.

    SOME financial institutions seem to play well with SOME aggregators. For example, issues a token for Mint (but no one else, including Quicken) to use.  Another example, seems to somehow bypass Vanguard's 2FA.

    Then there is ONE financial institution that I know of that gets it right, in my opinion.  That would be  They issue a token which any aggregator can use in place of your password, and it allows READ-ONLY access to your account.  This is FAR superior to any other system in use, in my opinion.  Why?  Because when you enter your login and password to on Mint, or any other aggregator, you're really giving them the keys to the kingdom.  Oh sure, they all have security measures in place, but read the fine print on their terms of service...if your account shows up empty one day, they're not responsible.  And neither is, since YOU voluntarily gave out your credentials.  It's a pretty scary thought, actually.

    It's actually rather amusing that all the aggregators SAY that account access is read-only, but the fact is, by giving them your login and password, they could do anything with your money.  One rogue employee with enough access, and next thing you know your money just went to Grand Cayman.

    So has anyone figured a way out to do this, as safely as possible and minimizing hassles at the same time?


  • #2
    No one has any insights on this?


    • #3
      I have had issues with Mint trying to use 2FA, no solution that I know of.  The only account I have that offers 2FA is Vanguard, so personal capital works for me.  I have actually had serious thoughts about canceling both services for security and just keeping an excel spreadsheet each month/quarter and year end.  I already have the yearly one started. I'm just not sure that it is beneficial to have a daily progress report on vanguard/net worth since I only plan to rebalance once a year and I'm pretty sure if things are going poorly enough I'll be able to figure out when TLH time rolls around.


      • #4
        I think I might need to pose this question on a larger personal finance site...not sure if Quicken/Mint have community support forums or not.  The security exposure is a big concern, and the inconvenience of them not working with 2FA just makes it all the worse.

        I keep a quarterly spreadsheet too which is fine for the "big picture" but it doesn't really help me budget or manage my spending at all.  Plus I like the email notifications of deposits/withdrawals/bills that I get from Mint et al.