If you are a Bank of America customer and do not have a YubiKey, you should consider increasing your security posture with a YubiKey. Many Bank of America online banking users that have a YubiKey, can now register their security key for account sign-in two-factor authentication (2FA) as well as setting up the Secured Transfer feature to add an extra layer of physical security to their online account. However, SafePass only allows customers to use mobile authentication with a one-time code. SafePass has long been Bank of America’s solution to provide an additional layer of security against unauthorized transactions. In the US the cost is typically as low as $18.00 and has never been more than $50.00 (say £13.50 to £37.80).Bank of America has announced that they are replacing SafePass with the new Secured Transfer feature, which allows for USB security key registration and transfer authentication with FIDO security keys. USB Security Keys can be purchased at many online and trusted retailers. Snag? Internet Explorer does not currently support USB Security Keys, but Chrome, Edge, Safari, and Firefox all do. This allows the browser to read the device and continue with the transfer. When prompted, the client presses the button on the key already inserted into the USB port. The solution is for our client to buy a “USB Security Key” which is plugged into a computer’s USB port and functions as an extra layer of security. We have recently experimented with a solution and initial reaction has been positive.

Obviously this required all parties being ready and at their respective devices. Immediately after its arrival, we would email or telephone the code to our client. To circumvent the problem, ExportAction would provide Bank of America with a US cell phone number to receive the text code. Historically, when a client in the UK wished to make a transfer with Bank of America, they needed a code sent by text message.īank of America (like most US banks) is not able to dial outside the +1 International Area Code used in the US and Canada.

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