VirtualBank's New Login Security Feature - PhoneGuardian

As I logged into my VirtualBank account today, I noticed a new login requirement. After you enter your user name and password, they display a code on the screen, and this code must be entered by phone. You can select the phone number for them to use based on what they have on record. Once you select the number, it will call your immediately and an automated voice will ask for you to enter the code that you see on the screen.

VirtualBank calls this PhoneGuardian, and according to VirtualBank it should only be required when it can't recognize your computer. So you won't have to go through this process every time from the same computer.

It's a nice security feature that seems like it would make it very tough for a hacker to break into your account.

I just wish VirtualBank's eMoney Market account had better rates. However,they do often have competitive CD rates. I just noticed their 9-month eCD yield is competitive at 1.26% APY as of 9/06/2010.