Online and mobile banking is really convenient. It’s easy to take care of almost any banking need from transfers to paying bills. An increasing number of banks are even letting you snap a photo of your checks with your smart phone in order to deposit money.Even though all of this technology is convenient and fast, you have to realize that having this kind of information out there could in some ways make you vulnerable. You need to know how to protect yourself when banking online.Here are some mobile banking tips to know.
Mobile banking security tips are:
1.Don’t Bank on Public Networks: A lot of mobile devices will let you connect to various kinds of networks, including Wi-Fi. You could be tempted to just make a few transfers or check your balance while you’re getting a coffee. However, make sure you are not on a public network before you log into your account.These connections are not secure, and a majority of places offering Wi-Fi will warn you not to share any sensitive information. You should switch to a different network if you have to access your information. Disabling Wi-Fi and connecting to a cellular network if you have a smartphone is a good idea.
2.Use a Secure Site: Always double-check that you are on a secure financial site and that you are visiting the official site. This means you should not always trust emails that say they are from your bank. The worst thing to do is enter information for your account access on a site you were sent to through a phishing scam. Enter the actual address of your bank in the browser directly instead, and log in from this site.You can also check for the lock icon by the address bar to see if you have a secure connection, or look for https instead of http. After you are done, besides logging out fully, empty your cache and close out the browser window.
3.Official Banking Apps: A lot of banks offer official applications now for smartphones and tablets, and these are generally more secure than using SMS messages or e-mail to send information. A majority of banks do whatever they can to ensure that information you send over a network with an app is encrypted.
4.Make a Difficult Password: This sounds like the obvious one, however many people overlook it. You have to have a password that would be difficult to guess. Therefore, it probably shouldn’t be connected to your life in some way such as birthdays or kids’ names, or other information hackers could find by looking at your social media page.Simple guidelines are to make sure you include numbers and special characters, make it at least eight characters long and use both upper and lowercase letters. You should also switch your password a few times a year, and do not use the same one for more than one bank account.
Besides the above things, keep an eye on your accounts, as vigilance is the best defender. Monitoring your accounts for suspicious activity on a regular basis can help you catch something early on.