Singapore banks have an obsession with the 'one-time password'!
Say I would like to simply log in to my Singapore OSBC bank account and send a few Singaporean dollars to my Singapore Citibank account... easy right? It's ridiculous. I laugh at this insanity.
FIRST: To log in, must enter a OTP.
SECOND: To add my Citibank, must enter a OTP.
THIRD: To transfer to Citibank, must enter a OTP.
FOURTH: opps! timed out on the page, automatically logged out, must renter a OTP to log back in.
FIFTH: OTP, OTP, OTP, OTP, OTP.
This is the same crap that the POSB, and UOB banks require. But it gets worse, UOB requires you to carry around a small annoying device that generates these stupid OTPs. At least OSBC and POSB have the option to send the OTPs directly to your cell phone via text message.... right? but thats not much better cause I HAVE TO HAVE MY CELL PHONE IN ORDER TO VIEW MY MONEY.
Its inefficient, lame, and annoying. IF my cell phone gets lost, I can't check my banking account! If I lose a dinky key chain device I can't check on my cash!! Who the hell thinks this is a good idea?? Apparently millions of Singaporeans.
I'm poor. No one cares about my accounts. No one is going to hack my crap. A password and username is fine. Let me opt out of this OTP nightmare.