I don't want to have to agree to Microsoft or Apple's ToS so that I can access my bank.
I do not look forward to trying to find a bank that doesn't require this of me because all of the major banks have jumped on board.
Usually banks don't let you disable antifraud protections. They prefer to make their business and the banking system more secure by reducing the rate of fraud. Fraud is expensive for them to deal with so it doesn't really make financial sense to let customers say that they are okay with having more fraud happen using their account.