Comment by homebrewer
3 months ago
It's already that way in my country. The few banks that still have the web version only support it for their business clients, and it's only something like two or three banks. If you're a regular client, there's not a single bank left that you can still use without a smartphone (unless you're ready to visit a branch for every little thing — so pretty much daily).
>(unless you're ready to visit a branch for every little thing — so pretty much daily).
What are you doing that you need to use your banking app daily?
It seems like a once a month affair. Pay the bills, take some cash out of the account, and you're done. Online shopping just needs a credit card, no apps required.
Since most every transaction is digitalized, checking banking app is the same as looking in your wallet.
Any limitations to access to banking is serious f**ed. Makes me want to use cash.
> Online shopping just needs a credit card, no apps required.
The app is required for two-factor authentication.
I'm not aware of your circumstances, but at least here in Finland I was able to get (and the bank was required to provide at my request) a cheap 2FA token generator device that can be used instead of the app (Danske ID). It works whether I am confirming an online transaction or signing into a service that uses the Suomi.fi centralized login system.
I requested it after they updated their Android app to have a check for pin-code enablement. Sailfish OS doesn't report it via the Android AppSupport system, so it was blocked before I grabbed an older build via Aurora and disabled it from updating. If it ever stops working, I'll only use the token. Once that stops working, I will switch banks.
My bank’s app doesn’t even work or even install on my phone because the bank considers my phone too old. So if they suddenly required the app to log in, I simply wouldn’t be able to bank with them. So they would lose my checking, investment, and HSA business when I move to another bank.