Half of adults think banks should monitor data to spot financial problems - MSE News 22 October 2019 at 11:34AM in Small biz MoneySaving 4 replies 1.4K views

Former_MSE_Callum

Half of UK adults say their bank or building society should use their financial data to identify potential problems, according to a new report...

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'Half of adults think banks should monitor data to spot financial problems'

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00ec25

half of adults should go back to school and learn how to control themselves

Mistral001

Monitoring data? Sounds like big brother.

motorguy

00ec25 wrote: »

half of adults should go back to school and learn how to control themselves

+1

It just gives people the further excuse when they get in debt "oh my bank didnt tell me".

Nationwide and Halifax send you a reminder text if you dont have the funds for an upcoming direct debit. Thats quite handy but i dont think it should go further than that.

thriftylass

There was an article about someone with mental health issues wishing the bank would have stopped them spending. NOT the banks job. If you're that sick that you're not in control because of your illness, appoint someone you trust with your finances or get an account where overspending is not possible (no OD etc). Otherwise its like asking the chip shop owner not to sell you chips as he can see you are already overweight.

Selfcontrol and watching your accounts which is easier than. ever with mobile online banking