--- title: Big Banks Are Attacking Personal Finance Apps Like Mint description: Big banks like J.P. Morgan and Wells Fargo briefly stopped sharing their data with Mint.com and other aggregators, which upset consumers. authors: - name: Ethan Wolff-Mann url: https://money.com/author/ethan-wolff-mann/ at_money_since: 2015 articles: 160 covers: - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Personal Finance - Professional Services - Shopping - Taxes - Technology social: - https://x.com/ewolffmann former_staff: true published: '2015-11-09T16:28:48.000Z' modified: '2015-11-09T16:28:48.000Z' section: Banking tags: - aggregators - Banking - Banks - portfolio word_count: 280 canonical: https://money.com/banks-attack-mint-aggregators/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![A man on a mobile phone walks by the offices of JPMorgan Chase & Co. in New York, on May 17, 2013.](https://img.money.com/2015/11/151105_inv_bigbankshateapps.jpg) Personal finance services like Intuit's Mint provide a convenient heads-up display to track and manage your spending, credit card usage, bank accounts, and budget. These services, which many people call aggregators, can make sense of the chaos, offering a way to zoom in on your entire financial situation. Big banks like J.P. Morgan and Wells Fargo aren't fans of the likes of Mint, which is effectively a competitor to the banks because their services often overlap. In fact, some big banks have their own aggregating partners that compete directly with Mint. Recently, both banks have briefly cut off non-partner aggregators for a few days by keeping their data off limits, according to the *[Wall Street Journal](http://www.wsj.com/articles/big-banks-lock-horns-with-personal-finance-web-portals-1446683450)* The public rationale behind the banks' move isn't overtly about the competition, but instead focuses on security concerns about hacking as well as the overloading of bank servers with tons of data requests. For these aggregators to function, they need to be able to access bank information. And this is how the banks could throw a wrench into Mint's operation. Last month, Wells Fargo recently added two-factor authentication—a welcomed security measure for sure to people concerned about hackers and digital security—but it made the automatic flow of information to Mint stop. Meanwhile, J.P. Morgan just shut off Mint's access because data traffic was just too high, a source told the *Journal.* It's hard to say whether this sharing of information actually presents a valid security risk, but the *Journal* reports that The Clearing House, a bank trade group, is looking into it. Regardless, many consumers will not want to get rid of these services that provide them with a panoramic snapshot of their money. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/banks-attack-mint-aggregators/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Banking", "item": "https://money.com/banking/" }, { "@type": "ListItem", "position": 3, "name": "Banks", "item": "https://money.com/banks/" }, { "@type": "ListItem", "position": 4, "name": "Big Banks Are Attacking Personal Finance Apps Like Mint" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/banks-attack-mint-aggregators/#webpage", "url": "https://money.com/banks-attack-mint-aggregators/", "name": "Big Banks Are Attacking Personal Finance Apps Like Mint", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2015-11-09T16:28:48.000Z", "mainEntity": { "@id": "https://money.com/banks-attack-mint-aggregators/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/banks-attack-mint-aggregators/#breadcrumb" }, "dateModified": "2015-11-09T16:28:48.000Z" }, { "@type": "Article", "headline": "Big Banks Are Attacking Personal Finance Apps Like Mint", "articleSection": "Banking", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2015/11/151105_inv_bigbankshateapps.jpg", "width": 2100, "height": 1400, "caption": "151105_INV_BigBanksHateApps" } ], "author": [ { "@type": "Person", "name": "Ethan Wolff-Mann", "url": "https://money.com/author/ethan-wolff-mann/", "@id": "https://money.com/author/ethan-wolff-mann/#author", "sameAs": [ "https://x.com/ewolffmann" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2015-11-09T16:28:48.000Z", "description": "Big banks like J.P. 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