The irony is that the app will just be a wrapper for a webview, with extra data harvesting.
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The day my bank does that, they have at least one customer less 🤷
If you have a credit union in your area I encourage you to check it out. They often are more humane.
Yup!
Good excuse to switch banks. Every once in a while you can get some kind of sign-on bonus for the trouble too.
I don't do any banking via an app. It's only from my desktop, never my phone. If they required an app, I'd change banks.
Mine did that years ago. But when you change your address, you have to go to the webpage, which tells you to use the app, which only links to the webpage, which opens the app...
Anyway, I had to ring them.
Remember: if you leave your bank for this reason, make it known to them and to your friend circle. Encourage them to move to wherever you end up, and tell the bank why. Let's make a pointless stink about it as we get our friends to safety.
How else would they monetize your data? You need to think of the poor banks!
I'd change banks but I wouldn't be using a bank to start with. Co-op credit union or GTFO.
Credit Unions are one of the many things (like bidets, buckwheat pillows, etc.) that you hear about, but don't really know what you're missing until you use them.
As someone who kept their money possibly buried in various hidden locations up until some time in the past. What am I missing out on by using a bank now instead of a credit union?
not a fan of credit unions after a local one was caught embezzling money from account holders.
you can always trust a liar, and that's why I trust local community banks.
Just go full boomer and call them for everything. Tell them you don't want an app to do it. Make them waste resources.
I bet when you get a new phone and reinstall the app and login, it asks you to answer the prompt in the (previous) app. MS Authenticator did that to me yesterday.
The app my bank wants me to use is no longer supported on my older phone model. So I'm closing my account with them. Fuck em.
I believe that this is going to be the standard- like it or not.
Official apps are promoted by many security experts as they are a lot safer than the website.
Some kind of regulation should still be applied crucial banking software shouldn’t be spying software also.
But they really aren't any safer.
It’s possible to provide device attestation and/or passkey through web browsers.
They just don’t want to.
oh god no, we are better off while that technology does not exist. device attestation might add some security, but do you know what else it does? takes away device ownership, entirely, by deciding for you what specific tracking ridden operating system you must use.
I’m not techy enough to be able explain the whole rationale nevertheless to my understanding one thing is that the apps prevent pishing / fake login pages.
I have read news where people access banking from fake websites and lose money because of that. To my understanding it is pretty common way to lose money by accessing “bank” through fake sms etc.
For generic not tech oriented customers app will remove this worry and these people are probably 90% of the bank’s customers
Someone who clicks a random SMS to open a webpage for their bank isn’t going to go “wait, shouldn’t this have opened the app instead?”
"Safer" in this context meaning "a safer bet for the bank's ability to reliably undermine your control of your device".
I'm gonna take this opportunity to also point out that a lot of major banks' online banking portals are actual dogwater. I have a credit union account and it is almost hilarious to me how well made their online portal is because it actually loads fast and doesn't throw errors every 5 seconds probably because they hired a qualified dev to make it with a solid HTML/CSS base and not a bloated JS framework hell PWA.
Unlike a certain penny colored bank site that can't even handle my auto filled password and complains I need to enter the already filled input box.
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