What is a Bank Token ID?

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When establishing accounts on Ledgersync , we often see that banks ask for security tokens. This token is typically sent to you via email, text, or token card.

Security tokens are used to prove one's identity electronically (as in the case of a customer trying to access their bank account). The token is used in addition to or in place of a password to prove that the customer is who they claim to be. The token acts like an electronic key to allow access one time only.

These security tokes are time sensitive and only valid for a few minutes. Please be sure to have your email, phone, or token card accessible.

 

                                    

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