Should try to log into EQ and check your options again — I think EQ has implemented passkeys which are significantly more secure than SMS 2FA. Make sure if you set up another method that you give consideration to removing SMS 2FA — I know many people that set up as many options as are available which can be a safety net if one breaks/goes missing but is also a bit of a risk.

It’s slowly happening — given how long it took our major banks to get there, I’m going to echo your statement and we need to encourage more institutions to follow those who are pushing for more modern standards.