Re: Bank of America
My little understanding is that with EWC+ (just like EWC) Intuit actually gets your data from the bank, and you get it from Intuit. They claim added security of the plus in that Intuit does not need your login credentials to the bank. When you set it up, you log in to the bank and authorize them to send the info to Intuit. (It sounds a bit like OAUTH2 to me.) In terms of using Quicken, I don't see much change. However, I do not use Quicken.
For me, the problem is two-fold. First, I don't want Intuit having any of my financial data, I much prefer a direct connection (as OFX Direct Connect) from an application running on my PC directly to the bank. The bank no longer supporting Direct Connect means that only large firms like Intuit will be able to support the necessary agreements wtih the banks (not just BOA) making it essentially impossible for easy data download by any FLOSS application. The bank, in the name of simplicity for them, using security as an excuse, is trying to force me to use an overpriced proprietary software instead of Free and Open Source software. I'd consider switching banks (and I might do anyway) but my suspicion is that it's a lost cause, and most or all banks will end up going the same direction.