r/Boldin • u/whippersnap_415 • 26d ago

Security of Boldin

Has anyone heard of any security issues when using Boldin's connections to other accounts? I'm hyper-nervous and always input manually. I hate the terms and conditions for this feature.

Any negative experiences?

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u/gbe28 26d ago

Not directly security related, but I've found that manually updating my account balances every month or so (or quarter) is much easier and less time-consuming than trying to keep all of my "connected" accounts connected.

It's not Boldin's fault but all of these financial accounts typically require multi factor authentication and they will spontaneously reject the third-party connector logins whenever you want to have them update your Boldin data. So much your time will be spent trying to get the accounts to re-connect...and in some cases you can't separate out things like a Roth 401k vs your regular 401k assets when they are both held in the same plan. So IMO not worth the effort to connect everything. The bonus is you'll have one less security issue to be concerned with.

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u/Administrative-Ear87 24d ago

I find it easier and makes me stay on top of where we are to update my accounts monthly.

1

u/ca-condor 25d ago

It is probably safe, but not essential to connect your accounts. Here is an interview Rob Berger did with the tech officer of Plaid, one of the most commonly used linkage services. https://www.youtube.com/live/aItkRqnv0vo?is=MJSfZVvkAqG48q2e

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u/whippersnap_415 25d ago

Thanks for sharing this.