Many banking transactions can now be carried out using an app on a smartphone.
Finanztest magazine tested the versions of 19 of these apps for the Android and iOS operating systems. Four of the applications perform well, four are only sufficient, the rest are satisfactory.
The focus of the investigation was functions and handling. Users should be informed promptly about transactions such as incoming payments and be able to filter and categorize sales. The transfers should also be easy and convenient. Three apps received a very good grade in this category. The handling of most apps was between good and satisfactory. The bottom performer in the test was the Revolut app with poor usability and very clear deficiencies in the terms and conditions and the data protection declaration. These documents were only available in English.
The test gave the all-clear when it came to safety.
All apps in the test were comprehensively protected against third-party attacks. When it comes to data sending behavior and advertising tracking, the iOS apps performed worse overall than the Android apps. The negative leader in terms of tracking was N26's iOS app with six different trackers that provided customer data.
Only a third of the apps in the test offered multibanking.
With this function, the accounts of different banks can be managed via one app. For customers who need this function and whose previous banking app does not offer it, Finanzblick Onlinebanking and Numbrs are a good choice. These two apps can be used by customers of different banks and, alongside the customer apps of the savings banks and GLS mBanking, are among the front runners in the study.
The test can be found in the June issue of Finanztest magazine and is available online at www.test.de/bankingapps .
Article image: Shutterstock / By GaudiLab
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