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- Bank of America reports record earnings for 2018 expired
- Citigroup reports healthy profit for 2018, after net loss in 2017 expired
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14th September 2018
Barclays allows customers to bring their other current accounts into its Mobile Banking app
Barclays has become the first UK high-street bank to enable customers to view their current accounts from Lloyds, Halifax, Bank of Scotland, RBS, NatWest, Nationwide or Santander safely and securely within its mobile banking app.
Customers who have a personal or business current account with these banks can choose to quickly and securely view their balances and transactions when they log into the Barclays Mobile Banking app – removing the hassle of logging into lots of apps, and helping them to manage their money more easily. More banks will be added over the coming months, with further features to follow.
Catherine McGrath, Managing Director of Retail Banking at Barclays commented: “Today, lots of people have current accounts with more than one bank, so keeping track of your finances can be tricky as well as time-consuming. Our new feature is designed to solve this problem, offering a simple and secure way to get a clearer picture of your finances, all in the place six million of our customers already go to do their banking.”
The feature has been designed with customer security at its heart. It uses the industry-approved Open Banking API technology to ensure that customers’ accounts are linked into the app securely, without them ever needing to give out their other banks’ usernames or passwords. Customers will also be able to view all their data permission history for added security and peace of mind.
To set up the feature, customers simply select their other bank from within the Barclays Mobile Banking app, at which point they will be securely redirected to their other bank’s app or online banking page to choose which accounts, if any, they would like to connect. They can choose to switch off access instantly at any time, at the touch of a button, within the Barclays Mobile Banking app.
The free feature will be rolled out over the coming weeks to all Barclays UK personal current account holders including Premier, Wealth Management and Private Clients, via the Barclays Mobile Banking app.