[funmi]

> So really the ideal is not just having an app that generates a token but one that generates a specific type of token depending on what type of transaction you're performing and won't accept, for example, a login token when adding a new payee. I haven't seen any bank with that level of 2fa yet, has anyone else?

HSBC actually has this. All of their country-specific apps allow you to generate a different security code depending on whether you want to login to the website, verify a transaction (e.g. transfer funds to payee), or re-authenticate (e.g. to change your personal info, like your phone number).

Here's a screenshot of what that looks like on their Australia app (similar screens in their US and UK apps): https://www.hsbc.com.au/content/dam/hsbc/au/images/ways-to-b...

They've had this for years. I'm not quite sure why this isn't a standard yet or at least been adopted by other US banks.