Not if you want to run banking apps on that device.
Not if you want to run banking apps on that device.
That's why a dedicated device for them is going to be my workaround. I could see myself having GrapheneOS on my primary device and having that act as a hotspot for my small "certified" device that I do my banking on.
But yes, the banking and streaming apps too (regardless of their existence being good or bad or even justified) are yet another nail on that coffin.
I don't understand. It's unsafe and inconvenient.
You also need it to receive the PIN for the credit/debit/bank card that allows you to pay for things in stores, or to withdraw money from the ATM if you'd rather use cash.
If you'd like to send money to your friend, for example to split a bill or for any other reason, then you either need to do that in the app, or do it on the website but with 2FA on the app.
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This is the norm for all the banks here, citing PSD2 compliance. I'm sure it's not the only way they could have complied, but it's the lowest effort and banks are nothing if not conservative, so once one bank gets the OK for a given solution, they all follow suit.