Does your bank support two-factor authentication?


Does your bank support two-factor authentication?  

43 members have voted

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

    • Yes
      33
    • No
      4
    • No But I wish they did.
      5


Recommended Posts

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.

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.

  • 4 years later...

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!

  • 3 weeks later...
  • 9 months later...

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."

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) (Y) 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!

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!

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!

 

This topic is now closed to further replies.
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Posts

    • FWIW StatCounter has been trash for over 25+ years! Back in the day (circa 2000 and GeoCities pre-Blogger era), it was useful to paste a number on your webpage indicating how many visitors you had. In the ensuing 25+ years, they've grown in reputation and changed their ways... but their overall consumer value has remained abysmal. Serious marketing agencies only cite StatCounter when there's literally no other sources available to support any marketing claims! They are the absolute lowest threshold serious companies use to push any sort of narrative about this-or-that happening. Besides their credibility being what it is, they are forever subject to quality issues. They're so bad that my DNS-level ad-filter prevents me from even viewing their main website! HA!
    • Microsoft had to shut down 70+ GitHub repos after getting hacked, brings back some by Aditya Tiwari The self-replicating malware campaign known as Miasma took the open-source world by storm. It was reported that almost 73 Microsoft GitHub repositories were infected by the worm and had to be temporarily shut down to determine how attackers compromised projects and stuffed password-stealing malware in the code. These GitHub repos span across different organizations, including Microsoft Azure, Azure-Samples, Microsoft, and MicrosoftDocs. The malware enabled attackers to steal passwords and credentials when compromised tools were opened in popular AI coding apps, including Claude Code, Gemini CLI, VS Code, and Cursor. The security firm Cloudsmith, malware analysis site OpenSourceMalware, and 404 Media were among the first to report the hack. For background, Miasma is a variant of the Mini Shai-Hulud worm, open-sourced by the threat group TeamPCP. It started its journey by compromising a Red Hat employee's GitHub account to attack the @redhat-cloud-services npm namespace. Earlier this month, Microsoft Threat Intelligence reported that the Miasma attackers published 32 malicious packages across more than 90 versions under the @redhat-cloud-services npm scope to steal cloud credentials. The worm didn't take long to start attacking source repos directly rather than package registries. It is known to skip the npm registry entirely for several targets and plant malicious code straight into public repos like "icflorescu/mantine-datatable." The delivery approach was designed to weaponize AI coding tools. Miasma's malicious payload embedded into projects can trigger automatic code execution when the infected repo is opened in an AI coding tool or IDE. The list of affected projects includes "durabletask", a Python package compromised by TeamPCP a month earlier to deliver an information stealer designed for Linux systems. That said, Microsoft has begun restoring some repos affected by the malware campaign, The Hacker News reports. A company spokesperson stated the following: Microsoft will continue to investigate the attack. It has notified a small number of customers who may have removed their content from the affected repos. The company will reach out to customers again through established support channels "if anything further is identified that requires customer action."
    • Why is Opera doing this notification at all? They have their own extension store. They don't have to obey anything dictated by Google. Others like Brave and Vivaldi that rely on Chrome's extension store, not so much. Firefox is entirely separate as well with its own extensions store. I honestly don't understand why entire world is just insisting on Chrome. Like, why? It's a stupid fat browser with barely any functionality. But sure, it's installed on everything by default. I don't understand how people even use web that's filled with tracking garbage and ads all over the place.
  • Recent Achievements

    • Week One Done
      rubentuben8 earned a badge
      Week One Done
    • Week One Done
      ARaclen earned a badge
      Week One Done
    • One Year In
      jojodbn earned a badge
      One Year In
    • One Month Later
      jojodbn earned a badge
      One Month Later
    • Week One Done
      jojodbn earned a badge
      Week One Done
  • Popular Contributors

    1. 1
      +primortal
      529
    2. 2
      PsYcHoKiLLa
      231
    3. 3
      +Edouard
      131
    4. 4
      ATLien_0
      88
    5. 5
      Steven P.
      82
  • Tell a friend

    Love Neowin? Tell a friend!