Best Basic Bank account

Emmia

Mart7379 said:

Thanks, yes I am sure it is a marketing gimmick. I have been using my Monzo account for the last 4-5 weeks and not had any issues with it, and do use the ‘get paid early’ most weeks. Although one thing they do need to improve on is security in terms of being automatically logged out when the app is closed like all other banks do, don’t get me wrong they and you are covered by the financial services but could do without the stress if anyone were to access my account and clear me out. (Monzo you physically have to log out before closing the app). 

This is why my dalliance with Monzo was extremely brief - I found it too risky for my liking - all my other accounts require you to login in some way with a code / fingerprint etc. 

Mart7379

Emmia said:

Mart7379 said:

Thanks, yes I am sure it is a marketing gimmick. I have been using my Monzo account for the last 4-5 weeks and not had any issues with it, and do use the ‘get paid early’ most weeks. Although one thing they do need to improve on is security in terms of being automatically logged out when the app is closed like all other banks do, don’t get me wrong they and you are covered by the financial services but could do without the stress if anyone were to access my account and clear me out. (Monzo you physically have to log out before closing the app). 

This is why my dalliance with Monzo was extremely brief - I found it too risky for my liking - all my other accounts require you to login in some way with a code / fingerprint etc. 

Yes it is a security feature that needs to be brought into the Monzo account, I’m constantly forgetting to log out, I'm sure a lot are the same. When you do actually remember to log out ( im sure you know the sequence) you have to confirm your email. Then open a link via the email they send you. But if someone gets hold of your phone, they have access to your email………….. 

colsten

Mart7379 said: . But if someone gets hold of your phone, they have access to your email………….. 

Your thief would have to have figured out how to get into your phone to start with. Then they need to know what email address you used for Monzo, and what the login credentials for that email account are (unless you don’t close your email accoun either). Lastly, the thief needs to know the PIN of your Monzo card to log into Monzo again.

If you don’t log out of Monzo, you can set it up so biometrics are used when re-launching the app. 

I am no huge fan of Monzo and don’t use my Monzo account a lot but security looks pretty extensive to me

Mart7379

colsten said:

Mart7379 said: . But if someone gets hold of your phone, they have access to your email………….. 

Your thief would have to have figured out how to get into your phone to start with. Then they need to know what email address you used for Monzo, and what the login credentials for that email account are (unless you don’t close your email accoun either). Lastly, the thief needs to know the PIN of your Monzo card to log into Monzo again.

If you don’t log out of Monzo, you can set it up so biometrics are used when re-launching the app. 

I am no huge fan of Monzo and don’t use my Monzo account a lot but security looks pretty extensive to me

Ok, I will retract my last comment, I wasn’t aware you could set up biometrics, however since you mentioned it, I have discovered you can in the settings on the app