I personally am fine with this.
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There is literally no bank in my country that doesn’t use sms for 2fa.
what happens if you don’t have a phone number? you’re just prevented from having a bank account?
You can have a bank account, but you wouldn’t be able to do online or mobile banking.
Sms is the only 2fa option (some offer email as well, but last I checked all fall back on sms), and it’s mandatory for online/mobile.
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