I was just using the BMO iPhone app to check my balance, when I mistyped my password. I had hit the final key too many times, but had already clicked sign in. To my surprise, I was logged in anyway. After testing in a browser I realized BMO only cares about the first six characters of your password.<p>Astounding.
I thought that the limit WAS 6 characters from telephone banking days prior to online banking and mobile banking - a holdover. So when I set up online banking eons ago I used the same PW and was setup instantly. I take it new account setups are asking for a longer and more secure PW?