When it comes to account security the users go through a two-factor authentication using more than one device to prove their identity), sending notifications to mobile to be approved by the customer, and a link via email. Besides, the users will be asked to verify themselves in their app when making a payment, or after being inactive for more than five minutes.
Recently, UK-based challenger bank Monzo has launched business bank accounts after an extensive trial period over the last 12 months.
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