Bank Account Access

Discussion in 'iPhone Tips, Help and Troubleshooting' started by redlum15, Apr 22, 2009.

  1. redlum15 macrumors newbie

    Joined:
    Apr 22, 2009
    #1
    I've seen apps for Chase, Citi, etc that allow you to access your bank or credit card account info very easily. Is this safe to do???? I'm nervous because of the wireless transfer. Can my information get hacked or am I overhtinking this??
     
  2. transam7816 macrumors regular

    Joined:
    Mar 7, 2008
  3. bytethese macrumors 68030

    bytethese

    Joined:
    Jun 20, 2007
    Location:
    Cranford, NJ
    #3
    Ask yourself this, "Is it safe to use a browser for online banking?" and then rethink your question. :)
     
  4. Resist macrumors 68030

    Joined:
    Jan 15, 2008
    #4
    Is it more safe to use those apps than it is to use checks. A thief can bleach your check and rewrite them or order new checks with the account info from it.
     
  5. sparky7 macrumors member

    Joined:
    Jul 10, 2008
    #5
    not very helpful replies so far!

    I'd say that the banks who made the apps wouldn't allow an insecure app to be made - as fraud costs them millions every year, expect pretty good encryption, atleast 128k.

    I'd say you were pretty much safe, just aslong as your phone isn't jailbroken (adds a chance that a dodgy app could intercept the password)

    Example form the citi app:

    "ENCRYPTION — Your account is protected by 128-bit encryption, just as it is when you use Citibank Online.

    PASSWORD PROTECTION — Each time you use Citi Mobile, you enter a 6-digit telephone access code, which you create when you enroll in Citi Mobile.

    PRIVACY PROTECTION — The only personal information stored on your iPhone is the last 4 digits of your ATM/Debit card — the same information typically found on a Debit Card or ATM transaction record.

    INSTANT DEACTIVATION — If your iPhone is lost or stolen, call 1-888-214-0036 — we can deactivate Citi Mobile instantly."
     

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