Managing Cash and Checks Made Simple with Mint.com

Media:
Martha Shaughnessy
Atomic PR for Intuit Personal Finance Group
Martha@atomicpr.com
415-593-1400 x.235

Users’ Top Request Gives Even More Accurate Insight Into Spending and Savings

Mountain View, Calif., April 12, 2010 – Mint.com just made it easier for users to track their cash spending and monitor pending expenses, such as checks. Addressing a top user requests by enabling manual entry of transactions, the new feature makes it easy for users to get an even more accurate accounting of their current financial picture – without having to become accountants themselves.

“People have asked for a way to easily keep track of cash spending and account for expenses before they clear and we’ve worked to help them do that with the level of accuracy and detail they have come to expect from Mint,” said Aaron Patzer, general manager and vice president of Intuit Personal Finance and founder of Mint.com.

“Whether you’re living paycheck-to-paycheck looking to avoid overdrafts or other fees, or simply want to make sure you’re accurately budgeting your cash spending, this new feature will make it easy to get a clearer view of your money.”

Following the Money

After spending cash, users simply enter the amount and merchant: Mint.com will automatically deduct the amount from their most recent ATM withdrawal, unless they choose otherwise. Mint.com will then apply the spending to the appropriate category and budget. For checks, entering the check number and payee means the expenditure will be automatically reconciled when the amount clears.

In addition to helping people to better track spending, Mint.com’s new feature will also account for tips, gifts, bonuses, owed money, or other income paid in cash or personal checks. Cash, checks and pending transactions will sync directly into a user’s account – tied to current budgets, personalized tags, categorized merchants, and linked accounts. Pending expenses will always top the list of transactions, helping people avoid overdrawing an account or exceeding credit limits.

“We developed this to make it as easy and intuitive as possible for users,” said Patzer. “Users no longer need to check online bank statements to correctly categorize checks, or suffer through splitting a big pie piece of uncategorized cash withdrawals to know where they’ve spent. More accurate insight into spending and savings lets people make better financial decisions, and that’s why we’re here.”

Customer feedback and requests help determine upcoming products and features from Mint.com. In the coming months, the Mint team plans to address user requests, adding support for thousands of additional financial institutions and an Android application to expand its mobile presence beyond its award-winning iPhone application.

Customers can offer input through the Facebook fan page, through Twitter, and directly within the product through a recent integration with GetSatisfaction that takes customer support and feedback to a whole new level.

About Mint.com

Mint.com is a leading online personal finance software service from Intuit Inc. (Nasdaq: INTU), providing over 2 million users a fresh, easy and intelligent way to manage their money. And it’s free. Launched in September 2007, Mint.com has quickly grown to track nearly $200 billion in transactions and $50 billion in assets and has identified more than $300 million in potential savings for its users. Mint.com’s innovation is in applying advanced technology to deliver breakthrough ease-of-use. Using patent-pending technology and proprietary algorithms, Mint.com allows users to see all their financial accounts in one place, makes it easy to set and keep to budgets, and helps identify money saving ideas. Mint.com is so effective that more than 90 percent of users say they have changed their financial habits as a result of using the service. For more information on Mint.com’s free online personal finance service, please visit http://www.mint.com and follow Mint.com on Twitter: www.twitter.com/mint.

About Intuit Inc.

InIntuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. The company’s financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2009. The company has approximately 7,800 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

Founded in 1983, Intuit had annual revenue of $3.2 billion in its fiscal year 2009. The company has approximately 7,800 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.