> And when your phone dies???
You use the same procedure you used to register that phone, to register a new one.
> This rules out access from a desktop doesn't it?
Using the phone for 2FA means you are accessing from a desktop, and using the phone only as an extra confirmation for the transaction.
You can also get a mobile PIN device from the bank that uses the chip in your card to authenticate access and transactions. This infra has been around for a while and predates using your phone for this step in the transaction process.
You use the same procedure you used to register that phone, to register a new one.
May not be possible if you need your old phone to login.
This reminds me of Internet Service Providers who direct you to get support online when failure to get online is the very reason why you need support.