I’ve previously written about Quicken Online and Wesabe as these are the best money management sites currently available to Canadians. Well that may all change in early 2010 if Mint adds support for Canadian banks and users. Aaron Patzer, the Founder and CEO of Mint Software Inc., recently told VentureBeat that “Canada and the U.K. would definitely be the first. I would like to say early next year.”
Since 2007, I’ve been looking for Mint to branch out into Canada. It will require some effort for Mint to add the Canadian banks and deal with a different set of privacy laws. On top of that, they’ll have less to gain for these efforts due to our comparatively smaller market. That said, Mint will need to expand to other countries, including Canada, in order to continue it’s growth.
Being Canadian, I can’t give you my own personal review of Mint as a budget planner. However, here are some great articles about Mint.com so that you can see what all the fuss is about!
Mint’s Fresh Take on Personal Finance – BusinessWeek
Mint: A Fresh New On-Line Personal Finance Tool – Get Rich Slowly
Why I Use Mint.com – The Oblivious Investor
Mint.com Review – Personal Finance Software Reviews
Mint and Wesabe: Online Personal Finance Tools Are Gaining Ground – The Digerati Life
Update: September 15, 2009 – A week after writing this post, it was announced that Intuit Is Buying Mint.com.
Update: April 12, 2010 – Calvin Martini commented below that PC Financial is now available on Mint. Hopefully the major banks will be accessible soon as well.
Update: July 26, 2010 – Many of the major Canadian banks are now available in Mint. While an official launch is still to come, this is a major improvement!
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Tom Drake is the owner and head writer of Canadian Finance Blog.
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[...] ponders Mint.com Coming To Canada? (Possibly answering Canadian Capitalists question: What should Microsoft Money users [...]
I am a Canadian living in America and I must say that Mint is unbelievable for me and I can’t wait for it to include Canadian banks. I don’t know if this will allow you to be logged in with both American and Canadian banks simultaneously but if it did, it would be the most incredible thing in the world since I have banks in both countries. Even now, Mint is the best application of this type by far as it tells me in detail (and an easy to read/use format) what my monthly expenses are and breaks them down.
I am aware that Quicken online does something similar but I Intuit formats aesthetically and intuitively less appealing.
[...] previously written about other websites like Mint, Quicken Online and Wesabe. A common complaint with all of these have been either no or little [...]
To me, it looks like Quicken has somehow struck a deal with mint.com since their online money management tool has the Mint.com branding on it. It may be good news!
Your right Alex. I mentioned it since this article that Intuit has bought Mint. Hopefully this will help Mint become available to Canadians, although nothing has been announced yet.
The acquistion Mint.com offers great promise, but Intuit has (temporaily) locked out Canadians duign the cutover period.
Trying to log in to Quicken Online now redirects me to mint.com which currently does not permit Canadians to register for an account. Although it appears Canadians will eventually (soon?) be able to register for Mint.com, there is no current replacement option for Quicken Online for Canadians.
Mint.com now works for me for my PC Financial babnking accounts. It’s a terrific tool and I’m glad I’m finally able to use it in Canada.
How is PC Financial working for you? I don’t see them in the list of banks covered
Kevin, I checked as well and can see them when I search “pcfinancial”. This is great news, but hopefully the other banks will be added soon as well!
Hi Calvin,
I have been looking at Mint.com – how did you sign up as a Canadian? Did you enter a US Zip Code to get past the Signup stage?
I tried entering ’11111′ for my ZIP, and then when I tried to add banks, I couldn’t find CIBC or Royal Bank.
rbc canada is not included in the mint’s data base of banks
Mint.com now supports almost all major Canadian banks for aggregation. It’s not truly Canada ready (no Toronto stock feeds, cheque is spelled check, and you might get 401k & 529 suggestions which apply only to the U.S.).
But, in short, Mint Canada is quietly open…
How can I sign up for the Canadian version of Mint.com?
Andrea, I had to enter a zip code (that obviously wasn’t mine). Otherwise it’s all the same, you just need to choose your banks from what’s available.
It’s up and running in Canada. CIBC is there. COuldn’t find my MasterCard with Canadian Tire. The iPhone app isn’t available in the Canadian store just yet. Slowly but surely, we’re getting there….
[...] to the RSS feed for updates on this topic.Back in September I wrote about how it was expected that Mint.com was coming to Canada in early 2010. Then a week later it was announced that Intuit was buying Mint. This led to more [...]
are there any canadian online budgeting alternatives to mint and quicken online? this transfer to mint is really giving me a headache, and most of my accounts aren’t supported yet.
I signed up for mint.com hopîng it would support canadian institutions, and i was able to connect to my rbc account, but not to any of my private credit card accounts, (i.e capital one) incase anyone just wants to add their bank account it should work
Good, as the debt increases in countries like the US and the UK people will start to invest more into places like Canada.
Mint sounds like great solution for my business but I think I`ll hold off until they support private credit cards.
Mint’s plans for Canada has never really been officially announced. I think the support of some institutions is because they switched to intuit’s aggregation engine. But it’s buggy at best, some of my accounts added and my bmo account keeps coming up and then disappearing. It just doesn’t seem like canada is their priority now.
I added my TD accounts but it can never pull out my transactions. I called TD and asked them if the problem is on their side. They said they know about mint.com and that it should work – it’s mint’s problem.
I kept trying to connect and it kept giving me temporary issue to connect. I think they mean permanent, because for sure it’s not temporary.
So, I just said – screw it.
I contacted Mint to ask about data security because I see a huge hole and risk potential.
All I received were vague non-answers so I won’t be using it to connect to any of my accounts. I may use it but will do things manually until I know better how they secure my data.
I’m not sure that you can ever fully automate financial information processing, but every little bit helps. I know some financial managers who love using automation tools to make their lives easier.
Good post…glad to see you put some thought into it. Hope that we get more input than what we have so far.