Most Dutch banks (except for ING, which does still use SMS) use hardware devices that use the chip on your debit card to authenticate. You unlock the chip with

Most Dutch banks (except for ING, which does still use SMS) use hardware devices that use the chip on your debit card to authenticate. You unlock the chip with your PIN, enter the challenge code supplied by the banking website for the transaction, and the device shows you a one time code you enter in the banking website. This is a decade old technology that works rather well.