One of the biggest objections to managing your finances online with financial data aggregators such as Mint.com has been concern over account security. After all, you’re handing over your login credentials to a third party – what if they get hacked?
Well, ING Direct now has an answer to those concerns… Read-only account access credentials that you can hand out to whatever online services you might use to track your finances. If someone manages to steal this info, they’ll be unable to pilfer your hard earned savings.
To create a read-only code, log in to your account, click “My Info” in the top navigation bar, then scroll to the bottom right where you’ll find a section titled “Personal Finance Access Code.” Click the link to create it and you’ll be given a customer number and access code (password) that you can give to the aggregator.
As far as I’m concerned, this is a great idea, and I hope other banks follow suit.