Dynamic password, also known as one-time password (OTP), is a security mechanism, designed to reduce static password-related fraud and abuse when using e-banking applications. To that end, for certain banking operations, instead of using a static password, a temporary one-time password is generated and delivered to you either through text message (SMS) or MEB OTP mobile application which can be applied within 120 seconds to carry out the banking operation.Middle East Bank offers three types of dynamic password
*For initial activation of MEB OTP mobile application it is necessary to be online and inside Iran. *Considering security, MEB OTP for iOS platforms can be downloaded only inside Iran.To install and activate MEB OTP mobile app
Dynamic Password as Card PIN2
This PIN is used for all card-not-present transactions, such as utility bills payment, online shopping and card-to-card transfer via Mobile Banking or Internet Banking. Dynamic second PIN is required to perform card-not-present transactions.
Dynamic Transaction Password
Dynamic Password for logging into Internet Banking
This password is a part of two-factor authentication mechanism for logging into Internet Banking.Activation:
There is no need to visit a branch for activating dynamic password for logging into Internet Banking and you may activate it simply when you want to login to your Internet Banking account.