It probably is. Its for convenience reasons. They pull up your bank page in the background and automatic login and parse the page.
It is incredibly dumb and I would strongly advise against it
Burn_The_Right@lemmy.world 4 days ago
It’s probably against your bank’s TOS to give your password to a 3rd party. No way this is legit.
possiblylinux127@lemmy.zip 4 days ago
echodot@feddit.uk 4 days ago
Why would you need to give them your login details why couldn’t you just sign into your bank account yourself? You still have to provide the details either way so it’s not convenient.
possiblylinux127@lemmy.zip 4 days ago
- everyone everywhere
hexdream@lemmy.world 4 days ago
My understanding is that should you disclose your credentials you would generally void any fraud protection the banks may offer.