Makes sense. Thanks Still, I donāt know the last time in the UK I needed to use the magstripe so would gladly have it disabled most the time if thatās a risk.
A tab for months of spending would be good
I agree a pin would be good
This is great feedback I should have got back to you soonerā¦
anyway
that sounds good to me!
Monzo has this already itās opt in & if you donāt have a data connection, Monzo is smart enough to check other indicators too (much smarter than your legacy bank anyway) -
Monzo disables Magstripe withdrawals by default but they can be temporarily enabled.
Some of the other community members have already followed up on this point but since you mentioned it -
Text from this blog post.
The magnetic stripe on the back of your card contains information about your card, including the long number on the front (your āPrimary Account Numberā) and your card verification code (CVC). Because this isnāt encrypted, fraudsters can easily steal it by using āskimmersā attached to legitimate ATMs or payment terminals and print it onto the magnetic stripe of a blank card to make a counterfeit.
This is an interesting one - am I right in thinking that youāre worried about card clash here? Users have requested a setting to disable contactless for this reason before, does Revolutās work for this? Iām not 100% sure that a setting thatās controlled by the issuer would work for this - I genuinely donāt know.
same here
I donāt think it is, the problem is the added friction & the fact that it could actually make the app less secure, if itās relied upon to protect features within the app - funnily enough, this came up today in the developerās Slack channel & Daniel (one of the Monzo team), pointed out that itās the recovery process, if the user forgets their PIN, thatās likely to be the weak spotā¦
Even Iām surprised that Monzoās beating Amex in this area - thatās great to hear!
Fair enoughā¦itās worth remembering that Monzo has a Holiday category that you can automatically assign your transactions to, to separate them from the rest of your spending too thoughā¦[quote=āmk1, post:16, topic:7427ā]
Just want to give feedback to help.
Hope that helps clarify
[/quote]
As I said, this was great feedback, thanks for putting so much thought into it
Iām guessing youāre on Android (iOS users have this feature) & itās in the works for Android -
To avoid card clash on contactless, youād have to actually disable the contactless mode on the cards you donāt want to use. Itās unlikely an app switch would do that - itās more likely to simply deny the transaction when presented for authentication, and so useless for preventing card clash.
As a moderately paranoid user, I actually have an RFID shielded wallet - what Iād love is a pocket on the outside of it that isnāt shielded so I can put the card I typically use for everyday transactions in there and just wave my wallet.
At least until my kerv gets hereā¦ if it ever does.
Was it called Kerv when it was on Kickstarter?
I believe so.
Just been told mine will be shipped in the next 2 weeks. Iām not holding my breath!
It looks like a similar thing to the bpay stuff from Barclays.
I used that for a time but their app was rubbish.
Hmmmm I canāt seem to find it on Kickstarter.
In any case let us know, if or when it ever arrives and your first
impressions of it. (After you have used it of course.)
Probably why?
Kerv ā the worldās first contactless payment ring is the subject of an intellectual property dispute and is currently unavailable.
@mk1 There was discussion around the changing of the PIN in app somewhere and the reply from Monzo was that it wasnāt working in the best way.
When you change your PIN, it needs to be written to the chip. For this to happen, it needs to be entered into a physical device, connected to a network. So the workflow would be something like thisā¦
Current PIN 1234
Change PIN in app to 4321
Enter card info Chip & PIN terminal
Enter 4321
PIN incorrect, try again
Enter 4321
PIN correct
Itās not ideal, and would lead to confusion was the main takeaway from it I believe. Iām not sure how Revolt have managed to get around this problem (assuming they have).
I cannot remember who or where this discssion was, but if anyone finds it feel free to connect the posts up.
Ok at least I now know why I couldnāt find it.
Hey, sorry for the delay in my reply. Glad it was helpful. As I said, it is really a first impressions thing and I wouldnāt say that the title of this thread matches my thoughts - otherwise I wouldnāt bother sticking around
Interesting about the location based security. I thought Iād heard that but canāt find the option in the app.
Ah the contactless point is interesting. I only really use Revolut abroad so havenāt actually tested the card clash issue, I just saw the option and thought āgreat ideaā!.. but perhaps it is not as useful as I thought thenā¦ (if the issue with card clash is the interference between two cards in close proximity whereas all this prevents is the authorisationā¦ maybe I should test this!
As far as beating AmEx, Iām testing it as an experiment to get some insight. Weāll see how it lives up. I must say that I hope to see some advances in the spend tracking in the future as itās a bit limited right now. Main points here:
- be able to assign money given to/received from friends to a category - even if this means having to fudge it with cash withdrawals/top ups since I canāt do the money transfer through the app. But since top ups canāt be assigned, this breaks the whole workflow
- custom categories. For example, Iād like to have a category for a couple of hobbies to track them. I get that you probably want to discourage lots of fine grained categories as these can be harder to use, but some level of customisation would be great
interesting thanks, yeah Iām pretty sure I didnāt have that issue with Revolut, I wonder how they solved it. Iāll try to remember to check! I can understand that they would prefer to avoid that if seen as too confusing for some.
Glad to hear it
Iām not sure about the Android app but the optionās here in the settings menu for iOS users
Please do! Iād be interested to hear how you get on.
Both are popular requests & Monzo are working on solutions to these problems, although it sounds like the teamās struggled to agree on a version / alternative to custom categories so farā¦
FYI, I tried this and indeed it does still clash - so not as important as I thought
I agree with you that be cool
agree. Scrolling thru is a pain and will get worse when the current account history lasts a few years. Better to ditch material design and create something more user friendly, scrolling accross rather than down
Iāve got a Revolut and Monzo card. Monzo is playing catch up on two things for me (and perhaps this is just me and what I end up using the app for)
- I donāt like in Monzo how you canāt top up in precise amounts. Instead it has to be on increments of ten.
- i can pay my bank account or other peopleās bank account directly from the app on Revolut. Canāt do this in Monzo.
Otherwise so far so good