Some of the banks of some EU countries*
Most French banks don't do that, for example.
Most French banks don't do that, for example.
For a SEPA transfer, you input the code of the account you want to transfer money to, then the amount and various optional messages and transactions codes if you want, then click "submit" and it's done.
https://en.m.wikipedia.org/wiki/Transaction_authentication_n...
For me in the UK to move money I need to generate a TAN using a SecureID token the TAN is generated by using the secret in the token and digits of the account number I need to transfer money too.
The same SecureID also generates OTP for 2FA login.
But there are other TAN schemes including pregenerated lists and TANs sent over SMS or TANs which are generated by using the smartcard in your debit card.
Looking to make a switch right now..