Do you use your smartphone for banking? 43
Research company KPMG conducted a survey of some 5,600 people in 22 countries to ascertain what their mobile banking habits were, and the results are rather interesting. Only 16% of respondents in the US said they were comfortable using their mobile devices for financial transactions, up from 7% last year. The report reveals that while US consumers are beginning to adopt the practice in greater numbers, they're still behind much of the world: a good third of the respondents in other countries are comfortable making financial transactions from their mobile devices. The reason against engaging in such activities on their mobiles, according to 56% of the American respondents, were security and privacy concerns.
The PreCentral readership is generally a tech-savvy bunch, so we we're curious: how many of you access your bank accounts and otherwise engage in financial transactions through your phone/tablet/web-connected microwave?
Source: Press Release
43 Comments
I use the app for BOA, before I used the mobile site... Would love for citizens bank to have one 2.
This poll reminds me that my most desired app is for Quicken - like I used to have on my Palm T|X. I prefer an app that syncs with my full PC version of Quicken so that I can enter transactions realtime throughout the day and then sync them later.
pocket quicken. I used that all the time on my TungstenT
for a long time we had no bank apps, I hated that. Now we have only Wells Fargo and BoA. That's good, but I wish others would release one for WebOS. But its not a priority, probably not even on their radar. Chase would be sweet. But I always have to use the web, which blows.
When I saw the BoA webOS app I thought it would have more features than the mobile site, but it's practically identical. That's okay, because BoA did a really good job on the mobile site and included most of the features I need including transfers. If your bank can create a mobile site, it wouldn't take much for them to port it to webOS in SDK.
The mobile websites are just as good as the apps, and are probably more secure.
NEVER save a login for something of this level of personal info on your phone.
I do my banking @ 3 different banks & trade stocks in real time.
been known to pull off the road to make a quick stock purchase.
hey the apps are there for our use!
I just call the bank and do it that way.
aside from logging in to my bank's website to check my balance very very occasionally, I don't typically do any banking or bill paying on my Pre. Too much scrolling around in the web browser makes it a bit unwieldy to get anything productive done, I just wait till I get home and use my desktop.
I wanted to, but I could not download the BoA app... I live in Mexico but in border with the US and I have an account with BoA but my pre does not have the US app catalog so I can't download it... so, only trough the web...
The webOS app is practically identical to the mobile site, so you're not missing out on anything.
How about this question: do you save your online ID in the app or do you feel this is a security risk if your phone is lost or stolen?
Never. I use ING and Wells Fargo and I'd never save that info on my phone (or my computer)
the bank of america app saves the login, not the password, and if the phone is lost i will be at a computer doing the remote wipe ( prob with exchange because that will keep at it until the phone is wiped, but im sure the one that palm offers does the job too)
I bank with ING Direct and use their site on my Pre just fine. If they made an app I would use it.
sorry, don't know why it dups like that
dup
I have a PNC Bank account, and I learned of their mobile website going live via their twitter feed. Now I use m.pnc.com looks just like an app, and it lets you see all the linked accounts, even the Vittual Wallet! You can even transfer funds between accounts! Still would like an app like the one they made for the Iphone...
Thanks for the info. I've been using the normal website and pinching and zooming. Their mobile site used to be crap, but this new one rocks.
Thanks again
I have a friend who will only access her bank's website and Paypal from her home computer. I access them from most anywhere.
I do. I use their mobile site and full site via the webkit. It's a simple and clean site to their credit, so a dedicated app would be nice, but I dont miss having one.
Of course not. My Pre never gets THAT hot!
Oh, wait
Didyou just send Neil DeGrasse Tyson a tweet, Mr. Double Post? If so, he just answered you.
Of course not. My Pre never gets THAT hot!
Oh, wait
ever since the BoA app came through, yeah, i do
I use the BOA app works good, as far as chase go's they are not planing to make a app for webos i have called and talked to exec. team they contacted the (IT) dept they responded with they were not of aware of webos i think if every calls they will get the message that webos exits for anybody that want's to try like me here's the number 1-800-242-7399
I sent email, and got a reply. I'd like the idea of having people call, so Chase can see the level of interest.
Chase does have a pretty good SMS-based system.
I've been banking on my phone for over 10 years. You know... it's a phone... touch-tone banking. Ever heard of it?
That should be an option on the poll Mr. Werlinger.
I'm paranoid... no banking, no ebay, nothing dealing with my finances outside of home... should I worry app is not secure... or someone looking over my shoulder...
It's the over my shoulder that has me paranoid...
The only thing to really be paranoid about is using unsecured or weakly secured WiFi. If I'm going to access bank info I turn off my Pre's WiFi until I'm done just to be safe.
Should have an option:
Would if I could but my bank doesn't work with my browser.
I just get a stupid message saying I may need to update to a recent version of IE.
Maybe I could spoof my browser, but I shouldn't have to.
Wow, what bank is that? I'd like to avoid it. Thanks.
watch out there is someone looking over your shoulder right now!! RUN!!
I put all of my regular bills on autopay. Signed up for Mint.com so I could see all my accounts in one place. Wells Fargo released a really nice App that does almost everything. Still need to use a browser to enter new payees for Bill Pay. Everything else is on the app.
It has never been easier.
I don't have any choice but to use my phone. My browser works for my online banking nd I use Checkbook (paid) for keeping all my numbers balanced.
USAA's website has a great mobile version. I do all my banking on my PC, but when I was on vacation, I was able to transfer funds and keep track of charges on my Pre without any difficulty. I still wish they would do a WebOS app; right now they just have Android and iPhone apps available.
I use text messaging to check my balance that's it.
I access banking sites, but I ONLY use my WIFI network or Sprint. I NEVER NEVER access my bank fom a public WIFI hotspot.
even though its less secure.. over public wifi ( on your own device) it is still encrypted and would be difficult to decrypt
Want a Citi and ING app since BOA = Evil
My bank has a great mobile site. Use it with Sprint and my wifi. Works great and am not anymore concerned than I would be at home on my network with my computer.
Can't wait for a Chase app. I want to do the whole take a picture of a check and send thing!!!
"The reason against engaging in such activities on their mobiles, according to 56% of the American respondents, were security and privacy concerns."
I'd bet those very respondents have absolutely no qualms about using Google's products and services on a daily basis.