"Albert Gidari, the director of privacy for the Center for Internet & Society at Stanford Law School, agreed that most of the bank's efforts with geolocation are “innocuous.”
But he added that the always-on function seems excessive. After all, is calling your bank to tell them you're traveling that much of an inconvenience?
“If this is just for the occasional trip abroad, well, that's a lot of continuous data flow for very little benefit to the user,” Gidari said. “Perhaps they are discarding the location information otherwise - hard for me to see the business case here unless you are trying to build a location profile of your customer base.”"