this post was submitted on 01 Mar 2024
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Mine uses SMS 2FA AND had a 16-character password limit. I need to switch banks already. Any suggestions for a decent bank or credit union that uses modern password cryptography and app-based TOTP?
Well Capital One still uses SMS 2FA ... BUT if you're going to be using budget apps they allow OAuth which was the big selling point for me (i.e. not giving my bank account password to a third party)
SMS 2FA is dumb, but I thought 16 characters are okay right now. Does the bank have too many password mistakes will block you for a certain time period enabled?
They're good as long as there aren't any limits on characters you can use.
Some people like to use passphrases. But honestly, the gold standard is a password manager with randomized strings.