I have several accounts in different banks (across two different countries) and never had problems with using SMS as a second factor for internet banking. Definitely not status quo, at least in Europe.
Interesting that you mention Europe, because if I remember correctly, at least in Germany, all banks that I'm aware of dropped SMS support when PSD2 was introduced.
Interesting that you mention Europe, because if I remember correctly, at least in Germany, all banks that I'm aware of dropped SMS support when PSD2 was introduced.