Quicken asks me for my login credentials to my bank and in their policies, says they store my credentials in their infrastructure. How does QFX actually help here?
Again, it's dependent on your bank's support. OFX helps by not requiring remote storage of your online banking credentials.
Direct Connect - Your customer ID and password are not stored on Quicken servers. If you choose to use the Quicken Password Vault, we encrypt them on your computer's hard drive.
Express/Quicken Connect - Your login credentials are stored on Quicken-hosted servers. This makes updates faster for you.
Direct Connect - Your customer ID and password are not stored on Quicken servers. If you choose to use the Quicken Password Vault, we encrypt them on your computer's hard drive.
Express/Quicken Connect - Your login credentials are stored on Quicken-hosted servers. This makes updates faster for you.
https://www.quicken.com/support/how-quicken-connects-your-ba...