IGG Software today announced it has completed testing of iBank 4 for compatibility with OS X Lion, the forthcoming version of OS X for the Mac. With the release of iBank 4.2.4, now available for download from IGG’s website and the Mac App Store, iBank has been declared Lion-ready. In contrast, Quicken 2007 For Mac will not run in Lion at all.
“iBank 4 is the most full-featured finance manager available for the Mac,” says the application’s developer, IGG president Ian Gillespie, in the press release. “Mac users forced to give up older versions of Quicken when they upgrade to Lion will be pleased to find that iBank is a powerful, dependable alternative.”
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Quicken For Mac users planning an upgrade to Lion can review a special page at the IGG Software website that highlights the advantages and benefits of switching to iBank here: http://www.iggsoftware.com/ibank/quicken.php
iBank 4 was released in September 2010 to widespread acclaim; Macworld has called iBank “beautifully designed and easy to use.”
Among many new features included in the release were faster transaction entry and dynamic editing options in an intuitive, innovative two-line register; an all-new reporting engine; envelope budgeting; a seamless set-up assistant for transferring data from Mac and PC versions of Quicken, MS Money, or other finance programs; and significant speed enhancements throughout. These improvements built upon longstanding iBank features such as direct downloads from online accounts, custom check printing, robust data export and iPhone sync.
IGG offers an unlimited 30-day free trial download of iBank, free support and a 90-day unconditional guarantee on direct purchases from the IGG web store. The retail price of iBank 4 is $59.99; licensed users of iBank 3 can upgrade for $29.99. iBank 4.2.4 requires Mac OS X 10.5.8 or higher, and will run on Macs using either Intel or PowerPC processors. There there is also access to a growing library of iBank 4 video tutorials at IGG’s website.
Also available from the Mac App Store, iBank 4 has been a number-one selling finance app, as well as the top-grossing finance app, since the launch of the Mac App Store in January. As of this weekend, iBank 4 was the highest-grossing third-party app on the store’s top charts, surpassed only by Apple software such as Final Cut Pro, Pages and Aperture.
More info and download link via Apple’s Mac App Store here.
Source: IGG Software, Inc.
No more Quicken 2007. I’ve used iBank for the past 3 months. There is no looking back at Quicken…either 2007 or Essentials. iBank is the way to go. Very nice GUI.
IGG now working on an iPad version to complement their desktop version.
Does iBank integrate with Quickbooks?.
Or, can it do simple invoicing?
I would like to know as well. I use Quicken 2011 Home and Business for managing bank and credit accounts, as well as vendor accounts and invoice integration (for creating invoices for my company, I actually use Billings for Mac). But the Quicken use means I’m using a PC program via Parallels. I am still researching a Mac option to replace Quicken…
Yeah, but where’s the iPad app? I’m tired of having to use the iPhone version on the iPad.
Also, their syncing between devices is spotty at best.
If by “spotty at best” you mean “works quite well most of the time with a few occasional puzzling errors needing manual resolution”, then yes.
I helped my mom switch from Quicken to iBank a year or so ago – she’s very happy with the switch. She synchronizes multiple times a day, and has only rarely needed to puzzle out a sync error.
So iBank is indeed a good option for Quicken switchers moving to Lion. Another excellent option, particularly for those looking to improve their proactive budgeting, is MoneyWell.
1 for MoneyWell…
My wife and I started testing iBank about 30 days ago when it became even more apparent to us (as if it wasn’t already) that Intuit was not at all interested in supporting it’s Mac users. We realized that our aging release of Quicken was PowerPC only and Lion was going to require Intel native. We tested Quicken Essentials, the only Intel version of Quicken. It’s a joke. A JOKE! It doesn’t have almost any “essential” features that we have been using in Quicken 2004 for many years. I was already frustrated with the nasty old interface of 2004/2007 and thought it was high time Quicken updated their interface. But after testing Quicken “Essentials” we ditched Intuit’s software and started looking for alternatives. I’m pleased to say we discovered iBank and have recently purchased it after testing it thoroughly for about 30 days. It’s pretty much everything we need in a personal finance application!
Does any app allow digitizing and attaching a receipt per transaction?
Great app, but do they have BILL-PAY yet?????????
Paleeeezzzeeee IGG Software. Get it done!
MoneyDance can do it !!! But, I like your app better. But I won’t go to your app until you have Bill-Pay.
I’ve been using Quicken for Windows for 15 years. I switched my home computer to the mac last November and have been looking for something equivalent to Quicken since then (Quicken Essentials wouldn’t cut it). This might finally be the answer I’ve been searching for.
I’m another refugee from Quicken 2007. I tried all of the alternatives, and iBank was the only one that really comes close to what Quicken did. I don’t know if I’d call their import from Quicken “seamless”. It will probably work for a lot of people, but if you used Quicken for more than a few years, you probably had to pare down your data file after a while because Quicken would crash if the file got too big. So I had investments going back to 1998, but banking and other stuff was only from 2007 on. It took a couple hours of fixing after importing to iBank to make all the account balances right because my exported Quicken investment data was pulling money from accounts before 2007, resulting in large negative balances. It wasn’t difficult, but it took some thinking and a little effort.
Upgrading from any Quicken version to newer versions of Quicken in an of itself, is not seamless at all – it’s downright perilous and has compromised many a user’s data, as anyone using Quicken for the past 10-15 years will testify.
Intuit’s tech support for Mac users is terrible and lame, almost as lame as Adobe’s.
If iBank stays on top of upgrades and Mac user’s support and brings all of Quicken’s features and misses to the iOS platform with seamless sync, import/ export, check and report printing capabilities and electronic banking, it wins a huge valuable market position.
Good luck, we need an Intuit replacement yesterday.
I totally agree. Intuit needs some solid competition from somebody. Quicken for Mac Essentials is a farce. They ought be ashamed for putting that out.
Isn’t Steve Jobs furious that Intuit is holding off a significant number of Mac users from installing Lion? Be it incompetence, malice, strategy, whatever… This has to have Apple’s top managers really really angry.
Isn’t Intuit chairman Bill Campbell on Apple’s Board of Directors? WTF?
I had been using Quicken since around 1992. No more. Just switched to iBank over the last month and won’t look back.
I’m sticking with Quicken 2006 for the foreseeable future. None to the alternatives, (including Quicken Essentials,) have a Calendar that shows all transactions, not just reminders. Also the Forecast chart, (up to a year forecast) in Quicken PPC is far superior to all the others,( if the others even have one.) I am not a online feature user which is why I haven’t updated to Quicken 2007 PPC. Even though I would LOVE to update to LION, I cannot do with Quicken PPC and some other PPC only Apps I have.
I tried desperately to switch to iBank about 12 months ago, but after several long weeks of painfully transferring my data from Quicken 2007 to iBank, I found that there were too many show-stoppers for me. The worst was that it couldn’t memorize split transactions (like paychecks), and it couldn’t handle the case where you get paid twice per month (rather than once per month, or once every two weeks).
I wound up switching to Quicken Essentials, and I’ve been happy there. Yes, it’s light on features (at least for now), but it’s a very well done app, and they’ve been iterating on it at a nice pace, and so I think the future looks fairly bright. It was written by the same crew that wrote Mint.com, so hopefully that means good things.
Be aware that Quicken Essentials will not export your data to a standard export file (QIF) so once you commit to it you are locked in, unless you want to re-enter all your transactions one by one into a different program in the future. (At least that’s what I’ve read – never used it myself having switched from Quicken to iBank)
Not true. I exported my info from Quicken Essentials to Moneywell and it opened up so quickly that I was amazed, and all of it was correct.
However, I don’t have a large portfolio or years of data, so your mileage may vary…..
I’ve been a happy user of iBank for years, but when IGG came out with iBank 4, I stuck with version 3. IMHO, iBank 4 took what was a wonderful piece of software and ruined it with feature bloat. The transaction display now requires two lines for each transaction. The simple and useful Budget Manager from the previous version has been removed. In short, what had been a clean, simple, easy-to-use interface has been made
unnecessarily complicated and bloated up with crap.
But for my household, iBank is “mission critical software”, so if iBank 3 won’t run on Lion, I’ll have no choice but to upgrade.
——RM
The real disgusting part of the treatment that Macs get from Intuit is that the chairman of Intuit has been a Board of Trustees member for Apple for at least 10 years.
You would think that Steve would lean over in a board meeting and say, “Bill stop screwing us with your crappy version of products!”
But it hasn’t happened yet…
iBank is not a complete product. If you trade you can count on them not being able to handle your brokerage accounts. I pointed out a problem with their product last November and they acknowledged it and have yet to resolve the issue.
A short sell example:
The Portfolio Summary still reports incorrect holdings unless the buy to close transactions are in the same share amounts and order as the corresponding sell to open transactions.
I switched to See Finance. It imported my quicken data perfectly. It runs on Lion. And as someone asked, I think it will store scanned documents for each transaction.
Thank you Chris.
I read that attaching receipts with each transaction
was also possible with defunct Cha-Ching.
I have been looking at SEE Finance recently. It looks very promising. In my brief comparisons of it and iBank, I am leaning toward SEE Finance. Hopefully it will show up in the Mac App Store soon. It will get much more visibility.
This so frustrating to read. iBank 3 was a very functional and beautiful product. iBank 4 has been absolutely laughable. So many features, too numerous to list here, just don’t work! They can’t even handle a change in check numbering correctly. Just one of many simple things that make this product a definite no deal! Look instead at all the really beautiful iPad apps now available that do a much better job. And at least are very functional at most the basic levels that most people really need. Something iBank 4 has never been able to accomplish. This seems like just another sad marketing effort to promote another very unfinished product for money! Question: So why can’t they fix the serious problems? It’s been how long now? How hard could it be to fix something so simple as the last check number used +1? Are they not able to fix these simple bugs??? What have they done? Was iBank 4 farmed out to someone else? Interesting thoughts!
To iBank Team: I tried iBank 3, but I could not use it because its ability to generate reports, compared with Quicken 2005/2007 was very limited and constrained. If you could significantly enhance your Report features, allowing lots of customization, lots of options, and complete transaction reporting of investment transactions, you would have more sales.
I downloaded trial of iBank, exported my QIF file (dating to 1992), imported into iBank and I lost ~$22k of checking balance. That’s one heck of an overdraw. I don’t think it’s ready for prime time yet. I did file a bug report with iBank. Perhaps they will be able to fix it.
I must start by saying that I am a iBank user and love their software. However, as with any software you have your wants and wishes. The press release states iBank is the most “full-featured” Mac software. I have asked them forever for a simple feature any finance software should have! You still cannot track a credit card limit! You should be able to see your available credit after posting transactions. I guess they need to say “full-featured” because they have not yet added all of the basic features any finance software should have. How hard is it to add that! Take 1 day and add it! While the iPad app will be great, if they don’t get the basics in that, it will suck too! Many people have asked for this and IGG Software is not listening to their customers…..
Why is $50 Quicken so ubiquitous? Are there any professional accountants reading in here? What about truly pro accounting packages that can sometimes cost thousands? Where does AccountEdge, at $200, fit into the spectrum?
I’m leaning toward a trial of See Finance (unlimited trial period, with some limitations), intro price of $29.95, vs. iBank. See Finance seems woefully short on reviews, but that’s probably because they’re new. So in support of the upstart, give them a look. See Finance.