Smartphone‑only bank accounts

Major banks are piloting accounts that remove ATM cards and PC/web access, requiring customers to authenticate and manage money exclusively through a bank smartphone app. The move bundles identity, transactions, and access into a single mobile platform while relying on third‑party ATM networks for cash withdrawals. — This trend raises questions about financial inclusion, platform dependency, surveillance and liability for fraud, and how regulators should govern access and resiliency when consumer banking is phone‑tied.