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  #1  
Old 10-22-2012
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Default New USA verification method for USA based bank

"To confirm your METABANK account instantly, we'll send you a 4-digit code and ask you to verify it. Simply select a phone number where we can send the code."

Anybody else had this?
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Old 10-22-2012
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on uk accounts recently yes

not seen it on US
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Old 10-22-2012
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Quote:
Originally Posted by Elijah View Post
"To confirm your METABANK account instantly, we'll send you a 4-digit code and ask you to verify it. Simply select a phone number where we can send the code."

Anybody else had this?
I'm a bit confused, is this a US account, or a UK account?
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Old 10-22-2012
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I don't know where your confusion stemps from. I made no mention of UK accounts, only US. So US.
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Old 10-22-2012
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Elijah lol. ^^

No I have not seen that on accounts I have created. The last account I created was a week and a half ago so it could be a new implentation.

Most likely they are trying to save money. Instead of sending $0.30 to every new bank account might as well use the existing phone system to verify users.
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Old 10-22-2012
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it is probably creating an accounting nightmare to deal with these small transactions, it would make sense
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Old 10-22-2012
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I should point out that this is new method is optional, on accounts where it is available; the other two older methods (instant confirm through online banking and the 2-3 day snail method) are still there to use.
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Old 10-22-2012
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Quote:
Originally Posted by Elijah View Post
"To confirm your METABANK account instantly, we'll send you a 4-digit code and ask you to verify it. Simply select a phone number where we can send the code."

Anybody else had this?
This has happened B4 with this particular bank.

Bit of a dodgy kipper for paypal success. (Although I suspect you would know that).

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Old 10-23-2012
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I don't like this idea, it sounds very insecure. Imagine someone who has gotten a hold of your bank account number and can easily steal money out of it using this method
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Old 10-23-2012
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Agree with you BiN - hopefully a secondary measure is in place
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