Worse yet, there are banks that don't let you use any of the last 3-5 passwords. This is really annoying, especially when combined with enforcing a password change every 3 or 6 months. But there is a solution: just use whatever password you have chosen, and add a number for the current quarter or semester. Until they come up with a password strength checker measuring the similarity between your current and previous passwords (eg. levenshtein()), you should be ok.
Until they come up with a password strength checker measuring the similarity between your current and previous passwords (eg. levenshtein()), you should be ok.