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Does your bank support two-factor authentication?

Does your bank support two-factor authentication?   38 members have voted

  1. 1. Does your bank support two-factor authentication?

    • Yes
      29
    • No
      4
    • No But I wish they did.
      4

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31 posts in this topic

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.

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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).

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mine is three (3).

Account number, password, p.i.n.

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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.

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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!

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

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