Posted by
MarathonHK
17 yrs ago
Definitely agree with GreenValleys. I wouldn't put a cent in a bank that doesn't offer an electronic token...
Would you really feel safe using a simple password?
The HSBC device is quite small and only takes a second to activate and type the code.
Please support our advertisers:
Just read this on the SC website
ne-time Password (OTP) is a security feature which sends a 6-digit OTP transmitted to your mobile phone number via a SMS. OTP is required when you request for the following services at Standard Chartered Online Banking:
* Adding Transfer payees
* Adding bill payees (bills of Banking & Credit Cards, Credit Services, Securities Broker & Hong Kong Jockey Club)
* Update personal information
Do you really want to have to wait for a SMS everytime you want to add a bill payee? Not sure it s less of a hassle than having a Token...
Please support our advertisers:
I ve never had any problems with my HSBC key, but always wonder what happens the day the battery goes flat.
On the other hand, I had an account in Europe with password only, and it was a nightmare whenever I wanted to do anything. The password was only to view the account. Everytime you wanted to add a payee you had to send a fax to the bank..
I guess in the end it s a password only very restricted account, or a password + token where you can do whatever you want (with set limits for transfers though..)
Please support our advertisers:
If you don't like this added security you can always go to a branch and do it over the counter. Sure password only access is less hassle but also means less security. I think that the hassle is worth the risk of losing actual money from your account.
Does anybody know how much hassle one can get to recover stolen funds from a bank account? I haven't experienced it myself but I've read somwhere that it's so much painful than dealing with a security token.
Please support our advertisers:
A simple password is terribly insecure. A one time key system with device or scratch card ensures excellent security. I know which one I want.
"I ve never had any problems with my HSBC key, but always wonder what happens the day the battery goes flat."
There's an instruction on the login page. In any case it should last for years. My wife's secureID for work, which has equivalent functionality, lasted 6 years and was still going when they replaced it.
Please support our advertisers:
You must be logged in to be able to reply.
Login now
Copy Link
Facebook
Gmail
Mail