When I'm in Canada I often transfer money (interac e-transfers). I always use the website, even on mobile, but the website has some arbitrary limits than the app does not. For example I can only transfer $1,000 at a time, the app allows $10,000. There's also a limit of recipients per day.
My charitable interpretation is that the app allows a greater verification process so the bank trusts it more and it's "to protect me, the user". But then, the website lets me transfer $100,000 using a multitude of other methods if I want (wire, e-check, create carrier check), so... yeah.
Depends where you live. In the US, probably not much, but in other countries where transfers are ubiquitous, being unable to use a banking app could be a real problem.
Bank transfers, online purchases (most banks reqire 3DS now and usually won't let you buy things online without the app on a phone), some don't have a web interface, and others if they do require you to approve the login to that from the app
tredre3|1 year ago
My charitable interpretation is that the app allows a greater verification process so the bank trusts it more and it's "to protect me, the user". But then, the website lets me transfer $100,000 using a multitude of other methods if I want (wire, e-check, create carrier check), so... yeah.
bitdivision|1 year ago
tempworkac|1 year ago
Eavolution|1 year ago