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Logging into bank account every day?

13

Comments

  • robatwork
    robatwork Posts: 7,268 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I would have said green flags - shows you are managing your money
  • Nebulous2
    Nebulous2 Posts: 5,694 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's good practice to check your account regularly for anything you don't recognise.

    We see people on here who are complaining about regular payments, that they have just noticed going from their accounts. Some of these have been running for years. 

    I once logged into my Halifax account in the middle of the night and found two fraudulent payments that had been made in Japan. I called their 24 hour line, my card was cancelled and a new one issued. The call centre operative was impressed at how quickly I spotted it. 
  • GreenScepter
    GreenScepter Posts: 108 Forumite
    100 Posts Photogenic First Anniversary
    With a big focus on mobile apps, rather than it being a bad thing, I'd say banks are encouraging people to log in and check their accounts as often as they like.

    And for accounts that you don't often use, checking them might be a good way of preventing them from being marked as dormant.
  • Rob5342
    Rob5342 Posts: 2,446 Forumite
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    Nebulous2 said:
    We see people on here who are complaining about regular payments, that they have just noticed going from their accounts. Some of these have been running for years. 

    I can never understand people like that. I keep a close eye on my account and check every single tranaction. With mobile apps that notify you every time there is a transaction there is no excuse whatsoever to not know about any transactions.
  • Bridlington1
    Bridlington1 Posts: 3,880 Forumite
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    Jami74 said:
    Same. I did use to wonder if a human ever looked what they'd think of my multiple logging ins and sometimes moving small amounts of money all over the place and back again. But it's usual behaviour for me so nothing to flag.
    It would be a very long list for me. I've been known to log in and move amounts as low as 1p across! Sad, I know.  :'(
    I do the same, I've gone as far as to discover that Darlington BS won't let you withdraw anything less than £1 if you try typing ``0." first but do if you type ``10." and then remove the 1.

    Most of my transactions come either side of the month, I seldom have any money in EA accounts barring the occasional loss-leader (e.g. Santander Edge Saver) so I don't move much money between the second working day of the month and pay day (towards end of the month for me) unless a new regular saver is launched.

    It's not uncommon for me to go a week or 2 in the middle of the month without logging into online banking or apps.
  • itsthelittlethings
    itsthelittlethings Posts: 1,085 Forumite
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    edited 2 July at 8:39PM
    Sometimes I log into my account and it takes me 30 seconds or so to think what a transaction is. I’d say I review the majority of transactions.
    0 bonus saver
    35 NS&I
    233 credit union
    0 Computer

    Credit card 2470
    Overdraft 230
  • HedgehogRulez
    HedgehogRulez Posts: 159 Forumite
    100 Posts Photogenic Name Dropper
    i thought you had to check your balance at least 5 times a day or else it will raise KYC money laundering red flags.
  • Bridlington1
    Bridlington1 Posts: 3,880 Forumite
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    i thought you had to check your balance at least 5 times a day or else it will raise KYC money laundering red flags.
    Thanks for flagging this, don't want to get caught out by any new pole tax.
  • Theleak250
    Theleak250 Posts: 206 Forumite
    100 Posts First Anniversary
    edited 19 August at 5:14PM
    It is worth checking, I had credit card fraud, and debit card fraud a month later. I only noticed because I saw it the app when I signed in on one of them, a payment I did not make. The other one was flagged and the bank asked if it was me. But one payment did get through.  
  • UKX69
    UKX69 Posts: 194 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    I check my bank and credit card accounts every morning. Just in case someone has hacked in and made a large deposit! 😏
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