this post was submitted on 15 Dec 2023
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Sms is not as secure as a 2FA app or the bank's own app. SMS verfification also costs money, so it will raise your monthly fees quite much if you wish to receive a text on every transaction.
As I said, SMS is secure enough without being the nightmare of a proprietary spyware app. As for fees, you have an American perspective, in most of the world SMS has been free to send for decades, and was always free to receive. The ideal solution is indeed a 2FA app, but those never took off.
I have a European perspective and here you need to pay per text message. Receiving is free, but the bank is charged and they put their charge on me, so they bill me for the messages, unfortunately. In the US SMS is free in most plans as I know.