My bank is almost as awful:

To change your Internet Banking password, please enter your current password and then enter your new password to confirm.

Password requirements:

    Must be between 6 and 8 characters and can contain letters, numbers or both
    Will be case sensitive so check your caps lock
    Can't contain special characters (eg. $%&#) or spaces
    Can't be your Customer ID
    Can't contain consecutive numbers (eg. 123456)
    Shouldn't contain part of your name, date of birth, drivers licence or anything that would be in your wallet