Best banking security

Plausible deniability for not having a banking app on your primary phone in this day and age will get you stabbed or shot, but I suppose it's worth a shot.

You have to act and look the part though.
Phone not a Mobicel or some k@k PEP phone? Fail
Not getting out of a taxi or third class train carriage? Fail
Not holding a can of Score (even if empty)? Fail

When I'm done being broke, I'm opening a Capitec account and dropping a few bucks into that and download the app. Then I will rename my main banking app to "The Bible" and an appropriate icon.

But this thing you want to try of walking around with a phone with no banking app? Not for me
 
My recommendations are usually.

Never action cold calls/emails/WA/Telegrams requests.
Say OK thank you for alerting me I'll go and sort it out immediately, and then phone the bank via the number on their web site and find out if its real. This breaks the majority of the scams and they will try and keep you on the line as long as possible and get you in a state of panic where you dont think clearly so just hang up.

Same with "promotions" ask for the information then go to the site or call the company they claim to represent and see if it is indeed real.

Keep a spending account like a virtual bank and only pay a certain amount over for day to day banking. Make sure you disable any credit and overdrafts.

Keep your main account details separate and do the old school monthly banking on that.
 
Nah just look after your phone, don't install crap and don't press buttons on dodgy websites. Besides, on Android you can create an isolated environment for exactly this kind of thing...
 
My banking app shows only one of my accounts, and there is never more than R20k in there

The other 3 accounts are not visible on the banking app and can only be accessed from home, using a computer and there several keystrokes to reveal them, incl a selfie

This is Capitec Bank
 
Just stop answering calls from unknown numbers. My elderly mother is under strict instructions to never answer a phone call on her smartphone from an unknown number or a number not in her phonebook. She has almost been scammed a few times.
 
JerryMungo said:
One of the most absurd developments of our time is how we carry our life savings in our pocket wherever we go. Not only that, but we use the same device we game with, browse the web with, post to social media with, message with, etc. to control and access our life savings.
Click to expand...
Tyme was doing well, with a website and 2FA via an SMS.

Then they canned it all and are now insisting on you using their app. For security, apparently. Must be their security 'cos it sure ain't mine.

Fsckwits.
 
Koos Custodiet said:
Tyme was doing well, with a website and 2FA via an SMS.

Then they canned it all and are now insisting on you using their app. For security, apparently. Must be their security 'cos it sure ain't mine.

Fsckwits.
Click to expand...
All banks are doing this, and it is actually for security. It may not affect vigilant people like us, but many people are technologically incompetent and it's not their fault. If they get taken for however many thousands, it becomes a hot mess in terms of who's liable for what because ultimately it's the bank's infrastructure that enabled it. It's why sim-swap is still a thing.

By pushing approvals to the app, no customer can claim they were victims because of the bank's security. The only way would be an inside job, and in that case the bank will fully reimburse them, and the idiot who decided to try their luck is immediately flagged, fired, charged and will never get another job in the financial sector...
 
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