Honestly on this boat also, if im transferring money from another account ill usually like to check my balance also before sending.
In terms of a first building block though to proper integration between accounts ill take it (when my other account is supported but you get what i mean )
I hope this is going to be used as building blocks for other features in the future (actually, I’m sure it will), otherwise it is kind of saying not enough people switch accounts to Monzo so we built this to get a bigger balance sheet?
But like I said, excellent building blocks for something further.
I tried it with the Lloyd’s app. It definitely took longer than opening the Lloyd’s app and transfering to my saved account in there, but most of the slowness is on the Lloyd’s side of things. You get at least 4 different loading spinners in a row from Lloyd’s when going through this!!
Seemed to work well though and even gave the option to transfer from my savings account. Once I can see my Lloyd’s account inside Monzo this will much more useful!
I think the most fair comparison is using Easy Transfer vs. setting up a new payee for the first time. This is the use case it’s intended to speed up. If you already have the payee set up, it might be quicker to use your other bank’s app
As it happens Lloyds were one of the first apps we successfully got this working with and all the spinners made us very nervous that the general user experience was going to be rubbish. Fortunately that’s not the case, as a whole we’ve been quite pleased with how other banks have built Open Banking access!
Wow - worked seamlessly for me. I regularly transfer money in and I have so many badly named accounts in my NatWest, I have to do some cross checking. This took seconds.
It feels like all of the open banking stuff in the Lloyds app uses Web views and every query has a slight different spinner. I’m sure they could improve this in the future
I think this is technically possible but there are restrictions imposed by the OS to stop apps from scanning your whole phone. Would need to look into it further.
No this shouldn’t happen, do you have a screenshot?
I know you can’t talk about future releases but hypothetically from an open banking /technical perspective in the future could this be used in this scenario. Say you want to pay your AMEX bill you could send money the other way ?