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> transactions will typically take a couple days to show up in the statement Wait, in what century do you live that your online banking transaction overview do

by Aaargh20318 7y ago

> transactions will typically take a couple days to show up in the statement Wait, in what century do you live that your online banking transaction overview doesn't have up to date data ? Also, your bank allows you to log in with just a username/password ?

derefr 7y ago
A banking "statement" usually refers to a PDF you can download; the electronic version of the thing they'd previously send you by mail. The online banking CRUD interface might have up-to-date data, but it isn't an API, and being behind some weird proprietary single-sign-on setup makes it pretty hard to scrape, too. > Also, your bank allows you to log in with just a username/password ? Yes, this is common in the US (and here in Canada, too.) We sometimes get asked for "security questions", but support for 2FA is extremely rare, and I don't think there's any bank in North America that requires 2FA to login to your online banking. (The "government or bank issues you a smart card that can be used for session encryption; bank issues you an adapter to plug it into your computer" thing doesn't happen here.)
- Aaargh20318 7y ago
  > The online banking CRUD interface might have up-to-date data, but it isn't an API, and being behind some weird proprietary single-sign-on setup makes it pretty hard to scrape, too. That’a why they also provide an API. They are required by law to do so (https://en.wikipedia.org/wiki/Payment_Services_Directive https://en.wikipedia.org/wiki/Payment_Services_Directive) > I don't think there's any bank in North America that requires 2FA to login to your online banking. This is required by the same law.
  - soverance 7y ago
    Bank of America only added 2FA as an opt-in option starting in 2017. It is most definitely not required... Law or not. I'm pretty certain it's the same way with every other major US bank.
    - sobani 7y ago
      @Aaargh20318 could've mentioned that he linked to the EU laws about banking.
  - sobani 7y ago
    > > I don't think there's any bank in North America that requires 2FA to login to your online banking. > This is required by the same law. FYI: no bank has to follow EU laws in North America.
ralmeida 7y ago
Regarding statement freshness, derefr already answered. Regarding username/password, in Brazil at least yes (sort of) - you log in with account number and a password, but it's sort of a "read-only password" - you can see statements and stuff with it, but if you want to actually move the money, a different password is required. Trivia: this is used by a Mint-like company in Brazil called GuiaBolso - you give them just the "read-only password".

derefr 7y ago

A banking "statement" usually refers to a PDF you can download; the electronic version of the thing they'd previously send you by mail. The online banking CRUD interface might have up-to-date data, but it isn't an API, and being behind some weird proprietary single-sign-on setup makes it pretty hard to scrape, too. > Also, your bank allows you to log in with just a username/password ? Yes, this is common in the US (and here in Canada, too.) We sometimes get asked for "security questions", but support for 2FA is extremely rare, and I don't think there's any bank in North America that requires 2FA to login to your online banking. (The "government or bank issues you a smart card that can be used for session encryption; bank issues you an adapter to plug it into your computer" thing doesn't happen here.)

Aaargh20318 7y ago
> The online banking CRUD interface might have up-to-date data, but it isn't an API, and being behind some weird proprietary single-sign-on setup makes it pretty hard to scrape, too. That’a why they also provide an API. They are required by law to do so (https://en.wikipedia.org/wiki/Payment_Services_Directive https://en.wikipedia.org/wiki/Payment_Services_Directive) > I don't think there's any bank in North America that requires 2FA to login to your online banking. This is required by the same law.
- soverance 7y ago
  Bank of America only added 2FA as an opt-in option starting in 2017. It is most definitely not required... Law or not. I'm pretty certain it's the same way with every other major US bank.
  - sobani 7y ago
    @Aaargh20318 could've mentioned that he linked to the EU laws about banking.
- sobani 7y ago
  > > I don't think there's any bank in North America that requires 2FA to login to your online banking. > This is required by the same law. FYI: no bank has to follow EU laws in North America.

ralmeida 7y ago

Regarding statement freshness, derefr already answered. Regarding username/password, in Brazil at least yes (sort of) - you log in with account number and a password, but it's sort of a "read-only password" - you can see statements and stuff with it, but if you want to actually move the money, a different password is required. Trivia: this is used by a Mint-like company in Brazil called GuiaBolso - you give them just the "read-only password".