Why do I see a charge from Quicken for $1.00?

Overview

You may see a $1.00 charge on one of your credit card accounts with Quicken as the payee. This is then followed by a $1.00 refund.

Cause

This charge is a verification of the credit card on file with your Quicken.com account. Quicken will perform a pre-authorization transaction to ensure the credit card on your account is up-to-date, so your subscription can be easily renewed. This typically happens within 15 days of your subscription renewal date.  

Resolution

You do not need to take any action. The charge will be refunded automatically to your account, typically in about five days.