Edit: In a different comment one of the devs clarified that it does have microG, so quite a few apps will actually work.[1]
With currently available payment standards, it's like asking for a live credit card with someone else's private key and an open debug port, all at the same time. Things don't work that way.
From an idealist standpoint, it shouldn't be done that way by taking away rights from users, but trivializing it as how specifically Google wants you to do it isn't accurate either.
If the King of England walked into the Bank of England and wrote a hand-written bond for GBP1k with a bic pen on back of copier paper, they'll take it. Electronic platforms has nothing to do with that. That's why it's stupid to keep asking if banking apps would work.
Because that's the only question that matters. I have just a few apps installed, some of them are easily replaced, like TOTP apps, others are impossible to replace and without them I might as well get a feature phone.
I'm down to one app that I really do need, MobilePay, but it's a payment app, heavily controlled by the banks. That is not going to be installable on CalyxOS or anything without either Apples AppStore or the Google Play Store.
Phones doesn't matter, they are mostly the same, the operating systems are interesting, but without a widely supported app store, it does not matter, the phone will be useless for the majority of people. More and more people are using their phone as their only computing device, they need to have access to banking apps, mobile payment solution and government application, none of those are not going to exist on some random Linux phone.
The answer to the latter is and will continue to be an instant negative for quite a while, and it's pointless question to make other than as a really indirect nudging for big bank(lol).
Can we get a Linux smartphone that works before worrying about nonessential use cases? One the powers-that-be will never support until step zero is shipped at volume.
what has gone wrong in your brain that you think that?
I'm referring to the pugnacious tone, but the certainty in the absence of evidence is also a bit gauche.
So you know, chazza banks with coutts. I reckon he could draw much much more, over the phone or in person, and wouldn't be put on hold or asked security questions. If you also happen to be the head of state of several nations and have your face on the coin of the realm, and your experience is contrary, then please do rebut my assertion.