Secure key comes to First Direct

Archi_Bald

quotememiserable wrote: »

I don't see the problem, secure keys are dead easy to use. You can move banks, but they'll all introduce them.

Says who?

dryhat wrote: »

Bitcoin solves all of the above problems.

Yeah, sure.

IronWolf

chris_m wrote: »

And if you don't have a mobile phone?

Then you probably dont even do internet banking.

chris_m

IronWolf wrote: »

Then you probably dont even do internet banking.

Oh yes I do - haven't written a cheque nor visited a bank branch for years.

dryhat

Security systems used by banks doesn't come anywhere near as secure as Bitcoin.

reehsetin

IronWolf wrote: »

Santander have the best system imo. If you try to pay someone new they send you a text with a passcode, otherwise you can log in and bank unhindered.

Not much different though no? you look up the secure key on their app rather than them texting you
If you're not setting up a new payee you can just log in and bank as normal

Hominu

dryhat wrote: »

Security systems used by banks doesn't come anywhere near as secure as Bitcoin.

Someone steals your bitcoin 'wallet' and your money is gone with no traceability. You are responsible for keeping it safe, protecting your computer from viruses and trojans, etc. It's happened before.

Someone steals your online banking information and transfer money to their own account, you report the fraud and the bank can tell where the money ended up and sue them, and possibly transfer the money back if its still sitting in the account.

dryhat

Hominu wrote: »

Someone steals your bitcoin 'wallet' and your money is gone with no traceability. You are responsible for keeping it safe, protecting your computer from viruses and trojans, etc. It's happened before.

Bitcoin is the same as cash in this respect.

Any bitcoins that have been lost or stolen have been due to negligence or hackers breaking into exchanges. This has nothing to do with the watertight security inherent in the Bitcoin network.

The poor levels of security in traditional banking and the resultant losses, are paid for by all of us in the end.

typistretired

At least you won't need the secure key to log into your account online with first direct as you have to with HSBC.

IronWolf

reehsetin wrote: »

Not much different though no? you look up the secure key on their app rather than them texting you
If you're not setting up a new payee you can just log in and bank as normal

Slightly different. If I lose my phone, then I can block the number and noone will be able to get my Santander keys. But with an app on the phone they can access it.

I have the same thing with my Google account but they let you choose between text and phone app.

planteria

why are you so against using the secure key?

i log into my HSBC personal accounts with a little calculator-type thing....[is that it?] and log into my two HSBC business accounts using little fobs with generate 6 numbers [is that it?], with no problems at all.