Systems exist (just not in the US). My provider (ABN Amro in Holland) works like this: 1. Login is your account number and card number (1234567 + 004, located

Systems exist (just not in the US). My provider (ABN Amro in Holland) works like this: 1. Login is your account number and card number (1234567 + 004, located on card) 2. Password is generated by putting your 'smart' card into a little device, typing a PIN in, and typing in the resulting one-time pass. Other banks do this by sending the code via SMS, which is also good (though a bit less secure). 3. Interface is not mind-blowingly web 2.0, but works pretty well. 4. Transfers to other bank accounts are free, happen within one business day, and are confirmed by performing step 2 for each batch of transfers. 5. There is an iPhone app, which you do a one-time authorization with step 2, and create a 6 digit pin code. This code let's you check your balance. Performing transactions requires step 2 again, unless you are transferring to someone in your address book (there is a limit which you can set). To be honest, it's pretty good. It's first priority is clearly security, and given that it's pretty damn usable. US banks should take note.