We’ve recently seen a trend where certain banks, apps, etc won’t send 2-Factor Authentication codes to Republic phone numbers. This is unfortunately caused by a policy issued by NIST (a government standards body) that was lobbied heavily by the telecommunications industry which allows authentication texts to be sent to traditional cell phones, but not more advanced services like Republic. While the number of banks that have an issue with Republic is currently small, I expect that we’ll see more refuse to text Republic numbers as we move forward. The good news, is that the better banks are recognizing that authentication by SMS is not secure and so they’re offering additional methods beyond that. Below is a list of the banks where we were able to determine alternatives to SMS that are available to their customers.
PLEASE NOTE: Appearance on this list does NOT mean that the bank refuses to text Republic numbers. At this time, the only banks on the list I’m aware of that fall in to this category are US Bank and Wells Fargo.
- Call means a call with a one time code is made to the user.
- E-Mail means an email is sent to the user with a one-time code.
- Token is a physical hardware device that presents codes for the user to use.
- App is the Bank’s App which will provide the code for use in signing in.
- No Alternative available means the bank requires 2 factor authentication and provides no alternative to codes by SMS.
- No Alternative available if activated means that 2 factor authentication is NOT required by the bank but if enabled, they do not offer an alternative to SMS.