Does your bank support two-factor authentication?

[Virtunate]

I bank in Canada and my bank claims to have "Two-Factor" authentication, but all it really does is ask you a security question when you login from an unknown location, which I don't consider to be two-factor. Not only that, but my bank only allows an 8-digit password, which I don't consider to be secure either.

[Crimson Rain]

For login to web interface, no.

But to perform any action except balance view, yes (2-factor by sending a random code to my phone by sms).

[leesmithg]

mine is three (3).

Account number, password, p.i.n.

[ZakO]

Two factor,

1) Enter 10 digit number + 3 digits of your pin + 3 characters of your password

2) Card Reader

Plus if you get anything wrong more than once they block the account and you have phone up to get your pin/password reset.

[+Warwagon MVC]

Well, I finally have two-factor authentication. My Online bank removed the option to download statements into a QuickBooks format.  So I called the bank. She told me I needed to be switched over to the business online banking. They said they removed Quickbooks from the consumer side because consumers don't' use Quickbooks they use Quicken, only Business use Quickbooks!

 

So then I asked her about two-factor authentication. Turns out on the business side they use a hardware token and this is why... yes she actually said this.

 

The average person logs into their online banking all the time, so if they had any kind of fraud or any money stolen they would notice it right away. Business might log in only at the end of the month to check the balance and might not notice it right away. This is why the business account has two-factor.

 

 

 

Anyway, i'm happy I have two-factor finally!

[jnelsoninjax]

My bank does more then supports it, they require it, which I am totally cool with!

[+Warwagon MVC]

My bank recently gave me two-factor authentication via a dongle. Which was great, now they are dumping them for SMS because it's more convenient ...*Facepalm*. Asked the head of online banking if they support "Google Authenticator" . She said "Google Authenticator? I don't know what that is."

[Mando]

I have 2FA and a smart card reader for all of my 3 accounts with the same vendor (not a bank, a Building society owned by its customers)  I just have to tell the webbie what card i have inserted into the reader post 2FA.

 

Nationwide Building society btw, cant praise them enough!

[dipsylalapo Supervisor]

Those that are saying their bank supports 2FA is it for everything?

 

The bank I use only uses 2FA for transfers to people or if I'm adding a payee. For transfers between different accounts (current/checking to savings), there's no need for 2FA and I just need my customer number and random characters from my online PIN and password. 

20 minutes ago, Mando said:

Nationwide Building society btw, cant praise them enough!

We have our mortgage with them and they are great!

[Mando]

8 minutes ago, dipsylalapo said:

Those that are saying their bank supports 2FA is it for everything?

 

The bank I use only uses 2FA for transfers to people or if I'm adding a payee. For transfers between different accounts (current/checking to savings), there's no need for 2FA and I just need my customer number and random characters from my online PIN and password. 

We have our mortgage with them and they are great!

they have been fantastic with me, really impressed.

 

an example, my house contents insurance used to cost hundreds a year, working out about £50 a month (lot of tech and business kit) with Bank of Scroatland, when i moved my banking to nationwide, i spoke to them on the phone, the lady said sure i can give you 10% discount on the quote being a nationwide customer......but sir, if you do it online you would get 20% discount via your banking account!

 

And to boot the cost per month from old supplier was same as my annual cost from Nationwide!