I think there might be a tad more "checking code" than you aloof to.
Example: I currently am not at home and just logged into Schwab. I instantly got a SMS challenge as this laptop is not set as "Trusted". In addition, Schwab immediately emailed me that an untrusted device logged on. As I remember, this checking has been the case for at least several years. I consider my travel laptop at a higher risk than my desktop at home, so I set it as untrusted just because I will get an SMS challenge.
Add to that, any ACH transfer, or the creation of a new ACH transfer point results in both a SMS challenge and an email, trusted device or not.
I have no out-going wire experience at Schwab, so I won't comment on what it does for supplemental validation.
Statistics: Posted by RetiredAL — Sat Aug 31, 2024 12:05 am — Replies 24 — Views 2610