How do I know if the Seedly App is safe to use in the sense of cybersecurity? Can Seedly access my bank accounts or make it more vulnerable? Will there be a risk of them transferring my money away? - Seedly
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Anonymous

Asked on 08 Jan 2020

How do I know if the Seedly App is safe to use in the sense of cybersecurity? Can Seedly access my bank accounts or make it more vulnerable? Will there be a risk of them transferring my money away?

What measures are in place to ensure that the Seedly keeps my accounts and money secure?

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Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Updated on 03 Mar 2020

Hi Anon, you might want to refer to Kenneth's reply on Seedly's security here: https://seedly.sg/questions/is-this-seedly-really-safe-to-use-if-i-link-my-bank-account-here-im-a-new-user-here

But if you are really worried about the security of your money, you can manually key in your expenses/income instead of syncing your bank accounts. I would also very much prefer to do it this way since not all the transactions in the bank are my expenses etc.​​​

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 02 Mar 2020

Risk: always with IT

risk level: probably very, very low

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It is claimed to be safe in terms of what is written here: https://seedly.sg/security

As with all apps, there exists bugs and vulnerabilities. Hence, it is your choice whether to trust it.

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