this post was submitted on 09 Sep 2024
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seriously, I've never seen a bank with password login to begin with. Every bank i know of uses physical devices that you type a code into
Never heard of this. Where is this at? :o
Sweden. The little keyfob thingies have been the thing for many decades here, I would guess ever since the dawn of internet banking, but I'd have to ask my parents instead of just assuming. I used to assume that was just normal for banks in the world at large. When you want to log in, the website gives you a code, you type the code into the fob and it responds with another code you type in to the website.
Nowadays they additionally offer login via BankID, a mobile app used throughout Sweden for personal online identification.
OTP for 2FA has just started becoming common here (US) within the last decade I think. Each bank has its own separate app and many banks seem to limit password lengths to less than other websites.