Best Way to Save Bank Passwords

DoneWorking

As regards keeping passwords on a memory stick ,a device or in a note pad.
What would happen if that person was ever arrested and their devices and note pad taken away by the police.
As is happening more and more to protestors for example such as Just Stop Oil 
Note for Clarity
Unlikely to happen to most of us 
Just interested out of curiosity 

Marcoos

3-2-1 Backup Strategy is also worth considering

3 copies
2 different types of media
1 off site

I use a keepass file and the above.

Swipe

Belt and braces. I use bitwarden and regularly export to a USB stick encrypted with veracrypt whenever I update/add any new passwords. I also add the exported bitwarden vault file to KeepassXC as an attachment which I keep on my PC and is regularly replicated via rsync to another PC in the house. It's also worth having your master password written down (ideally padded with a salt) in a safe place in the home with no reference to what it is.

jimjames

I use a password manager but bear in mind not all of them work with the different fields that bank logins require so won't automatically fill in the login info.

eskbanker

DoneWorking said:

As regards keeping passwords on a memory stick ,a device or in a note pad.
What would happen if that person was ever arrested and their devices and note pad taken away by the police.
As is happening more and more to protestors for example such as Just Stop Oil 
Note for Clarity
Unlikely to happen to most of us 
Just interested out of curiosity 

If you're planning on participating in volatile protest events, perhaps don't take your secure banking details with you?

IvanOpinion

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.

While I do not think it is necessary, what you could do is use a password manager, but store your 'coded' version of the password in the password field.  It means you would still have to enter the password but, on those sites that have a 'show password' button you would automatically get a hint as to what the password should be.

Just make sure that for ALL financial sites you have multi-factor authentication turned on.

jimexbox

I keep any sensitive financial information on my PC encrypted using veracrypt, plus backed up on an encrypted USB stick.

Middle_of_the_Road

I never need passwords now that I use banking apps. Needing one if deferring to online banking I would have to request password change.

Prism

I use three random words and then write them down. Along with multi-factor authentication it doesn't really matter if my passwords gets leaked as without the MFA device nobody can get in.

masonic

As above, there are very few passwords that it would be more than a minor inconvenience to get reset. Something to avoid having to do for sure, but I don't think extreme lengths are required to preserve the information. I have a few accounts whose credentials I absolutely cannot lose as nobody could help me recover access, but these aren't banking-related. Often all that's needed to reset security details is the ability to receive a text message sent to your registered mobile number. This means having your phone stolen is of greater concern, although if you have a registered mobile account, then getting the number moved onto a new SIM is straightforward and can be done very quickly.

My approach is to use an offline password manager (Keepass) and treat the password database in the same way as my other personal files. Those are backed up to a rotating set of encrypted USB hard disks, one of which I store away from home in case of fire.

Thankfully I ditched any form of cloud-based password manager or backup many years before LastPass sh@ the bed without even an apology. If they could get it so badly wrong, then it could happen to anyone.