Do You Want Facebook With Your Banking?


A forthcoming update to the Commonwealth Bank’s online banking platform NetBank will include Facebook integration so you can tell friends that you’ve just sent them a payment. There is no way I want Facebook anywhere near my banking. How do you feel?

Here’s how the bank explains the update:

People are always giving me suggestions on how to make NetBank better and emailing payment receipts pops up every couple of months. Rather than just adding an email feature we have also added Facebook, so it’s now really convenient to let your friends know when you have made a payment to them.

The Commonwealth Bank is also working on a Facebook-only version of its Kaching mobile app, so this isn’t exactly surprising. I want neither for a very simple reason: when it comes to security, I have zero faith in Facebook. It constantly alters and hides privacy settings, its security options often don’t work properly, and its communication on security matters is utterly hopeless.

So I will be ignoring any Facebook features in NetBank. But maybe that’s just me. Does that sound useful to you, or would you rather keep Facebook and banking in separate buckets? Tell us in the comments.

Some cool new NetBank features coming your way [Blog.Commbank]


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