Is Quicken Going To Be Discontinued
When Quicken was sold in 2016, some thought that spelled the end of the software. Find out if Quicken will really stick around.
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Will Quicken be discontinued?
A lot has changed with Quicken—for better or for worse—but there's no current plan to permanently close its services. While some versions and functionalities have been discontinued, Quicken is still releasing new features and tools.
Once a product expires, it's discontinued and no longer receives support. You have to renew your subscription each time to get full access to and support for their services.
Check out which products have been discontinued, and how you can continue getting support down below.
Discontinued Quicken Products
A Quicken subscription membership lasts for 1 to 2 years. Once it expires, the product is discontinued for good.
Quicken has a Data Access Guarantee which means you can view, edit, and manually add data even after your subscription ends. But you won't be able to use any online services.
The only way to keep getting full services and support is to renew your subscription every time it expires.
Every Quicken product has an expiration date. You can find yours by navigating to Help > About Quicken on Windows, or Quicken > About Quicken on Mac.
Here are some past Quicken products that have been discontinued:
| Product | Discontinuation Date |
|---|---|
| Quicken for Mac 2007 and 2007 for Lion | October 13, 2016 |
| Quicken 2015 Canada | May 31, 2018 |
| Quicken 2016 Canada | May 30, 2019 |
| Quicken 2015 Windows and Mac | April 30, 2018 |
| Quicken 2016 Windows and Mac | April 30, 2019 |
| Quicken 2017 US Windows and Mac | April 30, 2020 |
| Quicken Bill Pay | August 31, 2020 |
| Quicken Subscription Products | Based on subscription length purchased |
| Quicken Premium Support | 1 year from purchase date or upon subscription expiration |
So, it's pretty much inevitable. Your current Quicken program will be discontinued eventually. It's part of their pricing plan.
But there are a few other reasons why some people think Quicken is on its way out. Find out more below.
A brief history of Quicken
When Quicken came out in the 1980s, it made a big splash. It quickly became the king of personal finance software. The program did everything, from tracking investments to balancing a checkbook.
But other alternatives emerged, and Quicken wasn't able to innovate fast enough to keep up with the times. As Quicken revenue declined, Intuit sold the company in 2016 to H.I.G. Capital.
Some people thought the acquisition spelled the end of the software. But fast forward 5 years and Quicken is still kicking.
Alternatives to Quicken
Quicken isn't going away any time soon. But the clunky software leaves a lot to be desired.
If you're looking to switch to a more modern and affordable program, check out these tools:
How has Quicken changed?
Quicken has been in the business for nearly 40 years. Naturally, it's been through a few transformations. But some users feel these could be signs of Quicken going downhill.
Pricing Structure
In its early days, one Quicken purchase would give you access to the program forever. Just pop in the floppy disk (remember those?) or CD and download the software to your computer.
This eventually changed as Quicken started to discontinue their products after three years. If you had a copy of Quicken 2015, for example, you would no longer get updates or support after 2018.
Since 2018, Quicken has switched to a yearly subscription model. Instead of upgrading once every 3 years, users now have to renew every year to use the program.
Tip: Free Quicken Alternative
If you're looking for a free way to manage your money, check out Empower. It comes with a host of robust tools—plus, you don't have to lock yourself in with a subscription.
Compatibility
Quicken has Mac and Windows versions, but they aren't compatible with each other. There's no easy way to transfer your data from one version to the other.
The two versions are also quite different. Quicken for Windows looks more outdated but has more functionality. Quicken for Mac looks modern, but lacks robust planning and reporting tools.
Discontinued Services
Quicken has discontinued several versions of its software. With their subscription product, this won't be an issue—as long as you're willing to pay. You'll get the latest features and tools each time you renew your subscription.
The company also abruptly discontinued their Quicken Bill Pay feature in 2020. Although they provided a new tool to replace it, some users feel it's an inferior product.
Bottom line
Quicken has been in business for a long time compared to other personal finance software companies. And they're still pushing out new features and updates.
There are many tools available for tracking investments and managing expenses. If you're unhappy with your current software, it may be time to check out other options.
But if your Quicken subscription has be working well for you, don't worry. The company shows no signs of getting rid of the product any time soon.
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Donna Tang is a content associate at CreditDonkey, a personal finance comparison and reviews website. Write to Donna Tang at donna.tang@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
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