• Tue. Oct 19th, 2021

How to stay safe while using online banking? here are a few tips

ByLeslie W. Morita

Aug 18, 2021

In recent times, online banking, also known as online banking, has become increasingly popular. It’s a great way to manage your finances and an easy way to make sure you stay up to date with your payments. You can pay bills, deposit checks, and transfer money.

But with increasing accessibility and popularity, the only concern that comes to mind with online banking is security. There are more and more cases of fraud, bank account hacking, theft of financial information and everything related to online banking.

Here are some tips for using online banking safely:

There are a number of things you can do on your own to protect your online banking information.

– Choose strong and unique passwords:

Your choice of password can make a huge difference while maintaining the security of your account. Prevent the use of personal information or shorter passwords. Users should also refrain from using the same password for multiple connections. Make sure you change your passwords regularly.

– Activate two-factor authentication if your bank offers:

Two-factor authentication provides a double layer of security and makes it difficult for hackers to hack your account.

– Avoid using public computers to connect:

Do not use public computers in internet cafes or libraries to log into your bank account. This can increase the chances that your password will be found or seen by others. In this case, be sure to clear the cache and browsing history and carefully log out.

– Do not share your account details with anyone:

Most often, people receive calls from unknown numbers asking for their bank details, such as an account number or PIN. Make sure you never share such information, as banks will never ask you for your confidential information over the phone or email.

– Keep a check in your savings account:

Check your account after every online transaction. Check if the correct amount has been deducted from your account. Immediately inform the bank if you notice any discrepancies in the amount.

– Subscribe to bank alerts:

Subscribe to banking alerts and notifications. You will be notified by email or text whenever there is a new transaction, when someone tries to log into your account, and password change alerts.

READ MORE: Open a bank account for a minor? Here are the things to keep in mind


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