Quicken Online Delivers New Personal Finance Service for People who Live, Work and...

Quicken Online Delivers New Personal Finance Service for People who Live, Work and Play on the Web

MOUNTAIN VIEW, Calif.--(Business Wire)--Intuit Inc. (Nasdaq:INTU) today announced the availability of
Quicken(R) Online - a new Web-based service that makes it easy for
people to instantly see how much money they have coming in, how much
they are spending, and what's left at the end of the month.

Quicken Online gives people access to information across all of
their accounts, including checking, savings, and credit cards -
regardless of their financial institution. This provides a unique and
powerful view of their "real" financial picture, helping them make
better decisions with their money. With Quicken Online, bank account
information can be accessed wherever there is an internet connection
from a PC or Web-enabled mobile device.

"With Quicken Online, Intuit continues to do what it has done for
years: change the lives of millions of people by providing powerful
tools to manage their dollars and cents," said Rick Jensen, senior
vice president at Intuit. "We took a fresh approach to designing
Quicken Online, combining the newest Web technologies with 25 years of
experience to deliver a service that gives people the insight,
functionality and tools they need with the security and quality they
demand."

Quicken Online comes at a time when Americans are failing Personal
Finance 101. A recent study by CareerBuilder.com found that 41 percent
of adults in America live paycheck to paycheck. Compounding matters,
debt is reaching a younger segment of the nation's population.
According to the Richmond Credit Abuse Resistance Education Program,
the number of 18- to 24-year-olds declaring bankruptcy has increased
96 percent in ten years. Not only that, the Project on Student Debt
found that today's college students are graduating with an average of
$20,000 in debt.

A New Approach for a New Generation

Designed to address the basic personal finance tasks in the
easiest, most time efficient and secure way possible, Quicken Online
is available for a monthly subscription fee of $2.99. The goal is to
provide customers with quick answers to important financial questions,
such as:

How much money do I have? - Quicken Online connects to more banks
and financial institutions than any other solution in the marketplace.
This means users now have the chance to view their checking, savings
and credit card accounts from any of the 5000+ financial institutions
Intuit works with - all in one place. Gone are the days of logging in
and out of numerous sites just to find out how much money has been
spent, or how much is left for the rest of the month. Additionally,
Quicken Online shows the RealBalance(TM) - a view of the current
account balance plus any reoccurring deposits and manual entries to
help keep people from spending beyond their means.

Where is my money going? - Quicken Online takes the work out of
organizing and categorizing spending reports. Customers just login to
see where their money is going. Building on the power of the Web,
Quicken Online suggests the right category for transactions based on
the most frequent categories selected by other users.

Quicken Online balances user-based knowledge with specific
customer preferences, allowing customers to define how they want to
see their information. For example, Quicken will remember if you've
chosen to categorize the local Coffee Shop as "Java" instead of
"Groceries."

When are my bills due? - Doing the work for customers, Quicken
Online automatically displays a list of upcoming bills on the user's
homepage based on previous payment history. Going a step further,
customers can be sent bill reminders via e-mail or text message to
help avoid late fees and higher interest rates from credit card
companies.

Added Benefits from a Trusted Brand

As part of the Intuit family, Quicken Online offers benefits no
other online financial management solution can match, including:

Security - Protecting critical data is the top priority. Quicken
Online is the only offering of its kind that uses multi-factor
authentication - an additional step in the sign-in process - for added
security. Intuit is subject to the same stringent auditing and
technology requirements used by the world's major financial
institutions including banks, stock exchanges and brokerage houses.

Support - Live, in-product support is available from the Quicken
support team as well as other users. The Quicken Community, an online
group of users, also shares personal finance tips and expert advice
via podcasts, blogs, and live chats and events at www.quicken.com.

iPhone Optimization - Managing money on-the-go is even easier.
Quicken Online is available on the iPhone(R), making it easy to get
your bank account balance and enter transactions while on-the-go.

Data Storage - Quicken Online lets users store up to five years of
transactions for easy reference.

Expanding Industry Leadership

To further extend Intuit's effort to help younger consumers get
off to the right start with money, Intuit has been selected as the
exclusive online personal finance solution for Higher One, one of the
fastest growing financial services companies in the country. The
agreement will provide the hundreds of thousands of students, faculty
and staff at distinguished public and private higher education
institutions across the country that use Higher One with Quicken
Online as the preferred solution for managing their banking services
and debit cards. More information can be found at www.higherone.com.

Product Availability and Pricing

Quicken Online is available direct from Intuit at
www.quickenonline.com for a monthly subscription fee of $2.99.

About Intuit Inc.

Intuit 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(R), Quicken(R) and TurboTax(R) software, simplify
small business management and payroll processing, personal finance,
and tax preparation and filing. ProSeries(R) and Lacerte(R) are
Intuit's leading tax preparation software suites 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 $2.67 billion in its
fiscal year 2007. The company has approximately 8,000 employees with
major offices in the United States, Canada, the United Kingdom and
other locations. More information can be found at www.intuit.com.

Intuit, the Intuit logo and Quicken, among others, are registered
trademarks and/or registered service marks of Intuit Inc. in the
United States and other countries.

Note To Editors: For more information about Quicken Online please
visit: www.intuit.com/pressroom and select the appropriate product
from the Virtual Press Kits menu.

Intuit Inc.
Jodi Reinman, 650-944-5949
jodi_reinman@intuit.com
or
Access Communications
Danielle Ferris, 415-844-6272
dferris@accesspr.com

Copyright Business Wire 2008