IMO they are not secure, but not for the reasons mentioned above. In Chicago (where I work), armed thieves will put a gun to your head, demand your phone, demand your phone passcode, demand that you log into your banking app, and demand that you Zelle them your money. It has happened multiple times. Why can't they trace the funds and catch the robbers? I don't know.
I do have a couple of banking apps on my phone solely for the convenience of making mobile check deposits. However, this thread has prompted me to delete them, and reinstall them only when needed, as someone mentioned above. If you need a banking app for Zelle etc., experts recommend using that only for a low balance account.
I do have a couple of banking apps on my phone solely for the convenience of making mobile check deposits. However, this thread has prompted me to delete them, and reinstall them only when needed, as someone mentioned above. If you need a banking app for Zelle etc., experts recommend using that only for a low balance account.
Statistics: Posted by CharlesDickens — Tue Aug 13, 2024 2:38 pm