Tuesday, October 28, 2008

Move money easily with OCBC's iPhone app. Too easily


This afternoon, while standing in front of the new arrivals bookshelf at Borders in Orchard Road, I transferred a low four-figure sum from one bank account to another using OCBC's mobile banking app for the iPhone. I do lots of  Internet banking but this was my first time using mobile banking seriously (as opposed to just trying it out). 

It was a simple but scary experience. Simple because the OCBC app is well designed and fast. Scary because you can move large sums of money quickly just using your mobile phone. It made me realise that I need to activate the passcode on my iPhone because if I lose it, and mobile phones are ridiculously easy to lose, it'll be a serious 'bag of hurt' as Steve would say. Time to stop being so stupidly complacent.

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