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if there's a serious fraud and the "app only bank" disagrees that you had 50k in your bank account: how do you prove it to a court without paper statements? th
by blibble 8y ago
if there's a serious fraud and the "app only bank" disagrees that you had 50k in your bank account: how do you prove it to a court without paper statements?
this is the reasoning that prevents me storing any more than trivial amounts in these app only banks
a magistrate understands a paper statement on company stationary
- SideburnsOfDoom 8y ago> how do you prove it to a court without paper statements? The UK banking sector is not unregulated. You would expect, that when a company is certified by the relevant authority that they would have to comply with standards and reporting requirements. getting onto the FSCS protection is not trivial, if it was then Revolut would also be on it.