Encrypting your data file

Moneydance can encrypt your data file for increased security. If you would like Moneydance to remember your online banking passwords, select the “Store Online Passwords in File” option. To encrypt, click File → Encryption. If you encrypt your data file your backup files will also be encrypted.

You have three options for encryption level- a “Recommended”, a “Faster, but less secure”, and a 56-bit DES which is a legacy option and not suggested for regular use. When making the decision, we suggest considering how important speed is to you, as well as how likely it is that your data is accessible to others.

Please note that if you forget your encryption password and can't remember it from the password hint that you set, that neither you, nor we, will be able to recover your data and it will be lost permanently.