I am currently on the ubank legacy system and I noticed that their new app doesn't seem to offer any sort of Multifactor authentication/step up authentication for adding new accounts or transferring money out.
Does anyone who might have an account with other providers out there know if any of the other options such as Macquarie, ANZ, ING offer this ? Looking for an option that is also able to provide similar or competitive rates around what ubank offer incase I am forced into the new system.
They have a new version of ubank they will eventually move everyone to from what I understand. That's the one that doesn't seem to support it the old legacy system supports it.
ANZ has this every time you send money to new payer.
noticed that their new app doesn't seem to offer any sort of Multifactor authentication/step up authentication for adding new accounts or transferring money out.
So you made a new ubank account and the 'new' ubank (which was essentially 86400 before) doesn't have any 2fa?
86400 had 2fa from my reading so seems strange they would remove it.
Existing(legacy) ubank does 2fa via either push or SMS, so seems strange the upgrade/new system would use none :/
And every ubank customer will be migrated based on their messaging, over the course of the rest of the year I believe. Legacy ubank is going to go away.
With my ex 86400 account, Ubank sends me 2FA when i log on their web interface. No 2FA when transferring to new payee.
Yes my partner signed up and we tried it and was able to transfer out money with no 2fa. I couldn't find any option to turn it on either. I would much rather stay with ubank to be honest but just looking at my options in case
Yes all the major banks have 2FA by default: CBA, NAB, ANZ, Westpac, and Macquarie and ING also.
I know the default for ING and Macquarie is 2FA is required when logging in from an untrusted browser and when transferring to a new bank account for the first time. Not sure for the others but I believe this is a baseline default that they probably all have.
Why is 2FA for transactions important to you? Just curious!
Thanks I might take a look at Macquarie.
I guess it's just something I am used to now. I have used a few banks and they all have had this feature So I found it a bit odd that it wasn't there. And extra security that isn't too annoying is always good.
Mine always asks for a code every time I transfer money? Even between UBank accounts. Also on legacy system.