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Automated bank data with Wesabe
Banking online is a touchy subject. Many old-timers still don't want to touch it with a 20 foot pole due to a ton of privacy concerns, but many of us gravitate towards doing banking on our own time, and at our own convenience.Wesabe, a company that helps its members by sharing information about where they spend their money and linking to a dedicated community where they can help each other make smarter financial decisions has released an interesting new Firefox extension. This open source extension available for Firefox browsers lets its members automate the secure uploading of bank data to Wesabe accounts, keeping them up to date. Sometimes banks do not provide an automatic method for data downloads like American Express, Chase and USAA. Wasabe now provides this automatically through the extension. Members would then enter a username and password and the extension would auto record the login and download sessions from their bank.
The Wesabe Firefox uploader should allow for automatic uploads from any financial institution. Wesabe says it does not store or have access to any of your banking records.
Comments
2
Subscribe to commentsMarc HedlundJul 25th 2007 5:27PM
Thanks for the great write-up. One important clarification: we don't have access to anyone's bank or credit card usernames or passwords, and we filter out sensitive information like account numbers from your transaction data. However, the point of the site is to help you with your finances, so we do use the Firefox extension to upload your transaction data (anonymously) to the site. You don't have to do that to use our site, and you're welcome to use the Firefox extension without uploading your data to the site (it's open source), but I wanted to make sure that was clear. Thanks!
Marc Hedlund, Wesabe
Chris GilmerJul 25th 2007 5:29PM
Marc - thanks for clarifying that point for everyone.