One in four Dutch people use mobile phone apps to do banking

One in four people in the Netherlands use mobile phone apps to make payments and transfer money, the Dutch central bank said on Thursday.

They use their banking app at least once a week, mainly for transferring amounts up to €100.

Most banks have a €750 or €1,000 limit on mobile banking transactions for security reasons. However, three out of 10 people have taken advantage of options to set their own limites, the central bank said.

Six out of 10 people say they consider banking via mobile phone apps to be safe or very safe.

Nevertheless, the central bank said criminals are likely to increasingly target people using mobile banking services. It says app users should notify their banks immediately if they lose their phone or it is stolen.

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