Fancy £10 for registering with egg money manager

tivola

For egg account holders, register for egg-on-line manager and get £10. Allows you to access many accounts at once. Offer open until 31 Jan 06.
See demo on egg webpage https://www.egg.com

ruthyjo

I think the answer would have to be NO. You'll have to input details of all your other accounts you want to manage including your online password and other security details for each provider If you're happy this is secure (and I'm sure egg have gone to great lengths to make it so) ask yourself what's in it for egg. They'll have your complete financial profile - they can target marketing at you or choose not to depending on this. They might even refuse you services on the basis of your behaviour elsewhere. Sometimes a tenner is just not worth having.

tomstickland

The answer is YES.
You only have to input details of one account which could be a disused account for all it matters.
I've done it and was paid the £10 about 4 weeks after applying.

Once the money is paid then you can remove the one account.

I've added my first direct ISA and unused current account.

It works by storing the info on your C drive and then calling up the other web sites and filling in the details for you. You can watch it do it when it's running slowly.

quoia

ruthyjo wrote:

I think the answer would have to be NO. You'll have to input details of all your other accounts you want to manage including your online password and other security details for each provider If you're happy this is secure (and I'm sure egg have gone to great lengths to make it so) ask yourself what's in it for egg. They'll have your complete financial profile - they can target marketing at you or choose not to depending on this. They might even refuse you services on the basis of your behaviour elsewhere. Sometimes a tenner is just not worth having.

So join it, only enter details of a single provider with a now defunct account or unused credit card, or if you have none of these, use one with the minimum info, perhaps just a current account.
Once the £10 has been paid (took about a week in my case) delete the login details.

EvilMonkey

Sorry to hijack this thread, but are money managers considered bad? I never thought about the monitoring side of them???

E.M.

innovate

ruthyjo wrote:

You'll have to input details of all your other accounts...

You don't have to add any bank account at all - a Paypal account, even one you set up specially for use with EMM, will do.

innovate

EvilMonkey wrote:

Sorry to hijack this thread, but are money managers considered bad? I never thought about the monitoring side of them???

E.M.

Considered bad by whom? Bad for what?

I can only speak about EMM, don't know of any others. I have been using EMM for about 4 months now, it's making live much easier for me because I can access the majority of my accounts, incl my two Paypal ones, from a single portal.

I have no concerns about security because the access information is encrypted on my machine, and I trust Egg that they will not abuse the access information because this would be a serious criminal offense. I have no problem if Egg looks at my balances on the various accounts - for many, they can obtain the balance from the CRAs, anyway. But since EMM doesn't support all financial institutions, they would only ever get a partial view of my finances, so the information they can gleen is of limited value to them. I have no indication that they are actually looking at the information - I haven't got any marketing bumpf or anything from them for other Egg products.

K9cuddles

I signed up for the tenner, but it's sooooooooo useful I'm sticking with it. Nothing to hide and it should be secure... (I hope!).. but agree that it could be logged with key entry software so I then to cut and past!

K9cuddles

innovate wrote:

Considered bad by whom? Bad for what?

I can only speak about EMM, don't know of any others. I have been using EMM for about 4 months now, it's making live much easier for me because I can access the majority of my accounts, incl my two Paypal ones, from a single portal.

Innovate.. how do you add a paypal account? I would be very interested in doing this!!!

innovate

S_a_r_a, you add Paypal like any other account - "Add Organisation", type a P, select Paypal, enter your login information, and you are in business!

tomstickland

Bad for Egg have access to all of your financial affairs.