Sure, it’s useful in that context. But it comes with the caveat you both need to be with the same bank. In all honesty, if you’re wary of providing your account details to someone, I’m not sure why you’d be wanting to receive money from them. Banks don’t typically consider your account number and sort code to be confidential information, not that the concern with sharing them is unjustified.
Again, there’s just more efficient methods for this use case. Payment links being one, especially if you’re a starling customer, because they still support Apple Pay and Google Pay for that. Less barriers here because you don’t need to be with the same bank or within a few feet of one another.
Perhaps something I’d like to see in this space, would be for a bank to integrate with Apple’s new NFC payments feature. So you can open your app and someone can just pay you with Apple Pay.
I just noticed the Chase app now seems to “remember” payment references for future use. Previous references are not recalled, but will be remembered going forward.
Well, within 48 hours of the huge faff of having to contact Vodafone to change my D/D over to Chase, it’s showing up in my Chase App, so I’ll quit complaining
I also like the fact that the statement run from day 1 of the month to the last unlike other banks that start from the date you opened the account and that is carried through.
