TORONTO, Feb. 23 — 1Password, the Toronto-based password manager, said Monday it has shipped passkey synchronization for six of the ten largest U.S. retail banks, marking the most consequential financial-services rollout to date for the WebAuthn-based credential standard the FIDO Alliance has championed since 2022.
The supported banks, the company said, are Chase, Bank of America, Wells Fargo, Citi, Capital One, and U.S. Bancorp. The list does not include Truist, PNC, TD Bank, or Fifth Third, which are either still piloting passkey support internally or have not yet announced timelines.
“This is the rollout the consumer-passkey conversation has been waiting for,” said Aurelia Kovacic-Mendel, 1Password’s vice president of product, in an interview with Consumer Tech Wire. “Until banks support passkeys at scale, the average consumer never sees the upgrade. With these six banks live, roughly 60 percent of U.S. retail-banking customers can now sign into their primary financial institution with a passkey synchronized in 1Password.”
Why the banks matter
Passkeys, which replace passwords with cryptographic key pairs stored on a user’s devices, have been broadly available in consumer-software ecosystems since 2022, when Apple, Google, and Microsoft simultaneously committed to FIDO-Alliance-aligned implementations. Adoption has been concentrated, however, in tech-platform logins (Apple ID, Google account, Microsoft account) and in a handful of high-profile consumer services, including Amazon, eBay, and PayPal.
Financial-services adoption has lagged. A 2025 FIDO Alliance state-of-deployment report found that only 11 percent of the largest 50 U.S. banks supported passkeys for consumer accounts, the lowest figure for any consumer-facing vertical the report measured.
“Banks have institutional reasons to move slowly on authentication change,” said Maximilian Cardenas-Whitfield, a partner at the cybersecurity-focused venture firm Aperture Capital. “What 1Password is announcing is essentially the demand-side proof — the banks are now in market, and the password-manager layer is ready. Whether the remaining four of the top ten ship in 2026 is the question.”
The synchronization question
1Password’s announcement specifically covers cross-device passkey synchronization through its existing 1Password vault infrastructure. The company said synchronization works across iOS, Android, macOS, Windows, and Linux clients, with end-to-end encryption preserved through the Secret Key plus account password derivation that has been the basis of 1Password’s vault security since 2018.
Apple, Google, and Microsoft have each shipped their own passkey synchronization products through their respective consumer accounts, but each is largely confined to that vendor’s ecosystem. The 1Password rollout is one of the first large-scale demonstrations of cross-ecosystem passkey synchronization through a third-party password manager.
A 1Password spokesperson said the company has “active engineering coordination” with the four largest U.S. banks not in the initial release and expects to ship support for at least two of them in 2026.
The company is privately held and most recently raised a $620 million Series C in 2022 at a reported $6.8 billion valuation. It has not disclosed updated user numbers since reporting more than 100,000 business customers in late 2024.
Reginald Rosenberg-Vance is editor in chief of Consumer Tech Wire.