Best Way to Save Bank Passwords

DoneWorking

I have several savings accounts with different banks and building societies 
Currently these are written in a coded form in a book which I carry with me at all times
They are coded in case anyone should find my password book should I ever lose it
It's highly unlikely they would be able to break my code 😂

Though if I lost the book I would most likely not be able to recall all of the info stored in it and hence end up locked out of many of my accounts

I'm currently assessing what safer easier way there is to save these passwords to eliminate the above problem 

I'd be interested to hear of a simpler fool proof secure way to save my passwords

Thanks in advance

FlorayG

Probably the safest is on paper kept somewhere in the house.

eskbanker

There are plenty of password manager software apps....

gt94sss2

I suggest you use a Password Manager such as Bitwarden https://bitwarden.com/ which is free for personal users

It allows you to store all your passwords and you only need to remember one - Which you can make as complex as you like.

DoneWorking

Regarding Password Managers 
How safe and Secure are they.
The idea that someone could gain access to all of my bank accounts if they hacked my password manager is scary.

friolento

I use Lastpass, and I pay an annual fee for it. It’s got all my passwords for everything in it, plus key lock combinations, passport, driving licence, NI number, my will etc etc - anything that I might need, and anything that my Executor might eventually need. Having been the Executor for three very difficult estates, I want to make it as easy as possible for my Executor.

Lastpass can be shared between users if you are happy for your partner etc to have continuous visibility of your information. Or you can set it up so one or more named people can request access. If you don’t reject an access request, e.g. because you are dead, within a period you can define, access is granted to the requestor.

km1500

take a photograph of the pages of your book, copy the photographs onto a USB stick (or two for backup) and keep the USB sticks safe in case you ever lose your book

oldernonethewiser

DoneWorking said:

Regarding Password Managers 
How safe and Secure are they.
The idea that someone could gain access to all of my bank accounts if they hacked my password manager is scary.

Lots of articles about the security of password managers, here's one

https://www.forbes.com/advisor/business/are-password-managers-safe/

Using Bitwarden has been an absolute game changer for me. 

bioboybill

It has been known for one of these password manager sites to get hacked. I keep all my passwords and other information on an encrypted usb stick. Obviously you could lose it,or have it stolen,  but with mine you only have 6 goes to get the password right and then all data is wiped from the stick. You just have to remember the password for the stick.

TMSG

I'd never use one of the cloud-based password managers, mostly because I'd like to keep such important information off the cloud. I use KeePass instead which stores everything locally. There are versions for many OSes and platforms (I use it with my Linux PCs and Android devices).

Having said that, there's always the possibility of a breach, whatever technology one uses. So it helps to use a really, REALLY good password (after all, that's the only one you've got to remember ) and to use a second factor (I use an additional keyfile, so an attacker would need my password and know what's my keyfile and get that file).

However, all this is of no great use if you get infected by a keylogger or similar, so there's more to keeping your passwords safe than just the question what's the most secure password manager and how to use it.

DasTechniker

DoneWorking said:

I have several savings accounts with different banks and building societies 
Currently these are written in a coded form in a book which I carry with me at all times
They are coded in case anyone should find my password book should I ever lose it
It's highly unlikely they would be able to break my code 😂

Though if I lost the book I would most likely not be able to recall all of the info stored in it and hence end up locked out of many of my accounts

I'm currently assessing what safer easier way there is to save these passwords to eliminate the above problem 

I'd be interested to hear of a simpler fool proof secure way to save my passwords

Thanks in advance

The same as you, I keep all my passwords and info in one small book - but it never leaves the house. I have instructed Mrs Techniker to hand over the book to my daughter if I should keel over, who will then carry out any monetary transactions as Mrs T. does not know her bits from her bytes.