Does anyone run a separate phone for bank 2FA?

Computers & Tech
21

They are still used in school banking (which basically equals Lloyds by definition).

22

I bank with Nationwide and you still need a card reader to do bank transfers.

23

I do too and I donā€™t.

24

I think it may be for large amounts. I had to use it when I bought my car and there have been a couple of other occasions.

25

Iā€™ve set a resonably low but very useful mobile app transfer / payment limit, have to log in to my bankā€™s main website to alter it or make a larger transfer.

Being able to transfer family and friends half the cost of a restaurant bill instantly is very convenient.

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26

Ah, OK. The largest I have done in the last few months is about Ā£1500, so you could be right.

27

Never use their website, just the App.

28

Actually, scratch that. About 6 months ago, I paid just shy of Ā£10K on my debit card, without using a card reader, so I donā€™t know what the limit is.

29

Iā€™m with Nationwide and have one of those too. I think itā€™s mainly for transferring money to accounts you havenā€™t transferred to before.

I had to use it the first time I T/Fd some money to the FoLs accounts. Iā€™ve not had to use it on the many, many, many subsequent occasions.

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30

On my (Lloyds) account thereā€™s a maximum daily transfer level of Ā£10k unless you make special arrangements.

31

I know it is slightly off topic but on ApplePay and GooglePay there is no limit.

When I bought my house for cash I had the full amount in my current account but couldnā€™t transfer it to a solicitors client account without the banks intervention.
I was actually quite glad there were all the security measures in place, I appreciate it is probably to protect the bank, but it protected me too.

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32

You can avoid it if you have things set up right - I can set up new payees based on a face ID unlock on my phone.

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33

And I can, based on fingerprint.