Currently the company has to separately update the 2015, 2016, and 2017 editions. Following public criticism alleging that the company was holding users’ data hostage, they relented and lifted that restriction.Įchoing the company CEO’s open letter to customers about the changes, a spokesperson for Quicken explained that the primary reason for instituting annual renewals was so that their technical team can concentrate on continually improving a single version of the software. It disabled the ability to even add transactions manually if the software was not renewed after a year. When Quicken introduced annual subscriptions in Canada earlier this year, it utilized an additional ploy to encourage annual renewals. How did the new management disclose their major change in terms for 2018 in the fancy three-fold mailer that accompanied the upgrade CD? It was only in a hard-to-read fine print footnote.įor those who cannot read that, it says that a purchase would entitle users to one year of Quicken, that data downloads stop at the end of the term, and that users’ memberships would be automatically renewed each year and users charged the then current renewal rate. “The original intentional crippling of the software after three years was bad enough, but now reducing it to just one year in essence triples the cost for many, and will drive away thousands of users.”

“This is a pure money grab by Quicken’s new owners,” commented Consumer World founder Edgar Dworsky. The list price for the three year program then was $74.99, but was often on sale for $50 or less, and even lower when bundled with TurboTax. The previous owner, Intuit, required purchasers to upgrade only every three years or lose online access. If not renewed, the user faces the loss of online functionality to update account transactions and pay bills.

Capital) is converting the software to a subscription service and charging a regular annual fee of $49.99 for Quicken Deluxe. Starting with the 2018 edition, the new owner of Quicken (H.I.G. Consumer World is warning them that the 2018 upgrade could triple their cost of the popular personal money management program.

Over a million Quicken software users are in for a costly surprise if they install the free upgrade CD that many received in the mail last week.

Quicken 2016 update cost