3 ms·
Maybe I'm out of the loop but what is everyone doing with banking apps on their phones that's so essential. I see this argument all the time but it's baffling
by HNisCIS 7mo ago
Maybe I'm out of the loop but what is everyone doing with banking apps on their phones that's so essential. I see this argument all the time but it's baffling to me.
- distances 7mo agoFor quite many banks a mobile phone is now the only 2FA they support.
- nottorp 7mo agoOr worse. My bank closed down their old online banking site and the new one needs the phone for 2FA... but ... drumroll ... ... the idiots also want me to keep using the token device to log in before approving the log in via my phone. Security theater.
- NewJazz 7mo agoSo glad my brokerage supports good old totp.
- IshKebab 7mo agoPaying for things? Transferring money? What else do you do with a bank account?
- bluebarbet 7mo agoIf we were rational creatures we might choose to do such things while seated at home in front of a comfortably sized screen, rather than squinting at a pocket gadget on a street corner.
- IshKebab 7mo agoThat doesn't sound very rational to me. Modern banking apps require no squinting, and they're conveniently in your pocket when you need them.
- bluebarbet 7mo agoIMO the word "need" is doing all the work here. I have a fairly complex financial situation and yet - with a bit of intentionality and organisation - I get by fine without any banking apps installed on mobile.
- IshKebab 7mo agoThere isn't a hard line between "need" and "want". It isn't irrational to want more than "get by fine".
- Tade0 7mo agoMFA largely, some banks also provide wallets for contactless payments. I refuse to have my browser fingerprinted as a "trusted device" because part my bank is just bad at it.
- burningChrome 7mo agoI have several hockey leagues and pick up sessions that only take payment via Venmo; prior to league or the session starting. Makes it way easier than going around to everybody in the locker room trying to round up cash. I also use it for a few vendors for some small payments I make every month for my studio. I don't use them a lot and I know some people that use them for 90-95% of the stuff they do which is crazy to me like yourself. I try and limit my use of the apps to as little as possible. Whatever works for people I guess.