Even if it’s only stored on the device, it should transfer across to a new device if you use Quick Start. Or at least I would hope so.
Not sure if I’ve missed something somewhere, but why are people assuming that any of this data will only be on their phone?
As far as I’ve always understood it, OpenBanking data has to be transferred from the bank to the servers of the licenced and certified requesting organisation, not to the end user device of the person using the overall services.
Which would mean that this data is not going to only be on your devices. They may delete it after they receive it and transfer it to your phone, but they’re the ones handling, parsing, and processing it before that transfer.
I’ve not gone off and read the technical docs, though, so I could well be wrong.
Yes, it’s interesting but why would I want to give Apple, Google, etc all of my financial information? I can see the benefits to them. I’m not sure that there’s any benefit to me.
They already have so much data, a bit extra won’t make any difference.
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There is no faceID check to view it currently, no
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When you double tap to get the card to pay with, does it show the balance there?
No.
The new device would probably need to re authenticate like Apple Pay does.
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No, annoyingly. I’ve a habit of moving funds about, and this would be extremely helpful to see it on the pay screen here.
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People aren’t assuming it, Apple have said this is how it works.
Yes, like an iMessage has to go through Apple servers to get their recipient. It’s E2E encrypted in transit and never stored. Only your device has they keys to decrypt and read it.
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It’s at this point where I think there’s value, like you said you realise you haven’t moved the money or without having to open Monzo to check, nope, no money, check Starling etc etc.
This implementation is currently completely pointless.
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I never open the wallet app, only double click to pay so yeah, fairly useless.
till they hook it into their budgeting etc! 
It’s good to see Apple exploring open banking in the UK - see how they can hopefully push that forward! 
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Give us Apple Card and it’ll replace pretty much everything I have 
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Agreed, maybe if the add it to the double click and only show when faceID verified, would be handy there
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Now you’ve had it for a few days, what’s the experience like with respect to updating?
Do you have to fetch updates manually, or does it do it on its own? how frequently does it happen? This only really upends things for me, if the balance is always up to date. Because that’s where everyone else completely misses.
A real time balance has far more value than any budgeting for me.
For HSBC, manually. It’s out of date until you open the HSBC app at which point it does it. Which makes it super pointless. I need to know what my available balance is. This isn’t the case with Lumio, so it must be an apple auto-fetch thing.
Slightly amusing point is you can click help on any transaction and it’ll give you an option to start a help call. Better get those phone agents upskilled, Monzo!
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I don’t really check it - but I just opened the Wallet app, and tapped on the card and the balance showed my previous balance, but instantly updated. The feed of transactions was up to date, but that’s because I made the last payment on Apple Pay I think
I don’t use Wallet much (if at all), so haven’t been actively watching it. .
Happy to test stuff if you want!
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Seems to do it when you open the app, takes a second or two but it’s pretty much real time.
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When you say manually, or you actually pressing something to trigger the update, or is that the doing it by itself when you launch (which is what it sounds like, and what I’m hoping for). If it’s auto fetching on app launch, then excellent.
Awesome! I’d be curious to learn if this happens on every app launch, or if it’s time-gated like Monzo’s 8 hours. Because I’ve long been asking for a solution that updated every time you launched the app and Monzo said it wasn’t feasible or possible 
Double awesome!
Thanks folks for checking!
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