Just hear that Revolut info sharing is now defaulted to SHARE on the mobile app. Since Nov 12th 2019 Revolut have sneakily enabled data collection like location, websites visited, transactions, facebook friends lists etc. You now have to go into the APP settings and TURN IT OFF. Even the settings as shown are confusing so pay attention. Is this a sign of things to come from other online banks?
Here (in their own words) is the info they collect :
‘’ Whenever you use our (Revolut) website or the Revolut app, we collect the following information:
✓ Technical information, including the internet protocol (IP) address used to connect your computer to the internet, your log-in information, the browser type and version, the time-zone setting, the operating system and platform, the type of device you use, a unique device identifier (for example, your device’s IMEI number, the MAC address of the device’s wireless network interface, or the mobile phone number used by the device), mobile network information, your mobile operating system, the type of mobile browser you use and so on.
✓ Information about your visit, including the links you have clicked on, through and from our site (including date and time), services you viewed or searched for, page response times, download errors, length of visits to certain pages, page interaction information (such as scrolling and clicks), and methods used to browse away from the page.
✓ Information on transactions (for example, payments into and out of your account), including the date, time, amount, currencies, exchange rate, beneficiary details, details of the merchant or ATMs associated with the transaction, IP address of sender and receiver, sender’s and receiver’s name and registration information, messages sent or received with the payment, details of device used to arrange the payment and the payment method used.
✓ Information stored on your device, including if you give us access to contact information from your address book, log-in information, photos, videos or other digital content, check-ins (sometimes, we call this content information). The Revolut app will regularly collect this information in order to stay up to date.
- Information about your location If you have location services in the Revolut app switched on, we track your location using GPS technology and your IP address.
Information from others.
We collect information from third parties, such as credit-reference agencies, fraud-prevention agencies and partners who help us to provide our services.
This includes your credit record, information to help us check your identity, and information relating to your transactions.
Information from social media If you allow us to, we will collect information such as friends lists from Facebook or similar information from other online accounts. If you’ve asked us to, we’ll use your Facebook profile to confirm your identity as part of our know-your-client (KYC) process (the process of how we check who you are).