Backdoor Arm Twisting to Switch to Mobile App. I have 3 Bank Accounts and Do NOT Want to use Mobile-App. Mobile-App has Access to our SMSs and other Details. Data Breach and Our Bank Accounts are as good as Emptied.
This is a valid concern. We have to be extremely careful while installing an app on our phone and the permissions given to them.
Unfortunately, most mobile banking apps, payment gateways, and trading apps doesn't work without giving them permission to your SMS, contacts and other features. We hate distributing our personal information and financial data (get in SMS alerts i.e. bank balance, trade value, etc.) to anyone.