Egg Money

Jan 19, 2008 27 Replies

OK, so what do you make of this, hot off the Egg site at:

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? " By using your Egg Money Manager, you may be breaking the terms and conditions which govern the operation of your Accounts. One or more Organisations may require you to cease using your Egg Money Manager as a condition of you retaining your Accounts with them and, in the event of unauthorised access to your Accounts, they may refuse to reimburse you for your loss."

I hope not, too! The first bit of their legal blurb says "Egg Money is a Credit Card . ." without any suggestion of "but only when you have a negative balance" - so it *should* be ok.

I still say you're not passing any confidential details to Egg, so you're not breaking anyone's T&Cs as far as disclosing confidential information is concerned.

Chris

So to what ways of breaking your T&Cs do you imagine Egg to be referring?

I've no idea, you'd have to clarify that with Egg yourself, but if you're not submitting confidential information to Egg then you're not breaking any T&Cs which prohibit you from doing that.

Chris

"Chris Blunt" wrote

Like I said before, I think it's because the system stores the confidential details on your PC, creating a potential security risk.

"Chris Blunt" wrote

No-one said that you were! But originally you said:- "Chris Blunt" wrote > ... so not breaking the T&Cs of other banks.

Which encompasses *all* their T&Cs, not just the one(s) prohibiting submitting confidential info to Egg.

You need to be worried about potentially breaking

*any* of the T&Cs, not just a specific one!!

It might be, but those details are stored in an encrypted format, so the security risk is limited. Of course *if* someone else is able to use your computer and *if* they have your Egg logon details they can also access your other accounts, but even then they still can't get hold of the actual logon information itself.

The discussion at the time of writing was concerned with revealing confidential information, so that was the context I was writing in. Are you actually aware of specific T&Cs of any bank which you would be breaking simply by using something such as Egg Money Manager, or is all this just hypothetical?

Chris

Not precisely, but it's apparently sufficiently likely that Egg have made specific mention of the possibility in their legal blurb.

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