Security Question

I got an email notice from my bank today that said starting such and such a date they were implementing a new security feature for on-line banking. On that day if I want to do some on-line banking, I’ll have to enter my password on two consecutive screens to login.

Now, I’ll admit I don’t know everything about hacking and security, but does that actually accomplish anything? Common sense tells me that someone who can get your password entered once, can get it entered twice without much difficulty. Am I missing something here?

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