Quote:
Originally Posted by Graham44
Both my building societies also do the same but they also provide alternatives, one uses a card reader, the other uses a password and two other forms of identification. The second one doesn't sound as secure but they are a proper building society so they don't offer current accounts which restricts what you can actually do online (mainly you can move money between accounts owned by you)
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Yes, a card reader is one of the options here as well, but this means that you can only log in at home, unless you carry the reader and a computer/tablet with you everywhere. Not an option for someone without a car.
Password-based identification has not been used here for many years where financial transactions or sensitive information are concerned. I no longer even remember when it was last used. (Obviously, sites like various forums, online newspapers and magazines etc, still use it, but not anything requiring better security).