For security purposes and to make the password stronger, we recommend the following: the password should have 8 or more characters, upper case and lower case letters (e.g. There is no specific password requirement. A file password protects only the current file so make sure that the current file is the one you want to assign the password to. A file password doesn't protect a file from being deleted, copied, or renamed however, the file password remains in effect for files that are copied or renamed.
After you set up a file password, you can't open the file to access any of the accounts within it unless you enter the password correctly. File passwords discourage unauthorized access to your entire Quicken data file.