tasman1 wrote: Banks app only , they close branches on grand scale , as CBA Bank say , less branches , more profit and more dividends for investors
not sure there will be any bank branch soon
ahahaha yeah more dividends to investors and ZERO interests to customers - they only charge the big fees. Yes, bank branches are a dying breed - problem is these companies are not thinking of the older folks who are not exactly computer savvy all the time- but with technology now, the future is online - the only thing that will continue are ATM machines because of course, it's very difficult to withdraw cash money through an app
So ATMs and eventually they will remove that too when cash money is banned too - even though electronic money is preferred in more areas now, cash won't disappear just yet. You would think that banks would pay a higher interest rate with all the money they save by closing their physical locations- but NO, what am I thinking - of course all the extra savings will go to the greedy investors who expect higher returns year after year.
As far as apps, WELL, I only use the essentials, I don't have a single app installed which I do not use - and it's not always a good idea to install all those apps if you won't use them - some run background processes and drain your battery faster.
It wold be nice if they could also remove ATMs - and if you want to withdraw cash, all you would need is a printer, you make a withdrawal with your bank app, the bank app registers the legal tender data in the central computer and then prints highly secure and serialised bank note vouchers that can act as legal tender - these vouchers would contain the unique serial - they cannot be faked because unlike regular cash, the store clerks would need to scan the voucher and validate them. This could be a good transition from cash money to this form of physical money, for those who do not want to use electronic methods, and this way you would not have to go to an ATM to withdraw cash and get mugged or killed in the process.