Make online banking a better experience with 5 useful tips
Given today's hectic schedule, online banking has come to the aid of quite a few. Online banking is convenient for more ways than one and you can use it as per your convenience instead of visiting your bank's local branch. However, one of the most important things regarding online banking remains protecting the security of your account. Be warned of the fact that unless and until you're careful about online banking, then thieves can easily get your password and clean out your account.
Tips you can use for better online banking
Enlisted below are a few tips that you can use for better online banking. These tips when put to use will not only ensure your safety, but also help protect your identity.
1. Go for a strong password: One of the basic mistakes that most make revolves around choosing a password. You must choose a strong password for your online banking account. Generally, a strong password consists of 8 characters as well as uppercase and lowercase letters plus numerals. The idea is to make the password more complex so that it gets so much difficult to guess. Moreover, you should keep changing them periodically.
2. Avoid shared computers: Make sure that you avoid using shared computers like those that are available in libraries or at your work place when indulging in online banking. Accessing your account from these places is extremely unsafe and even if you do, then make sure of the fact that you've logged off or closed your browser after you've completed your transactions.
3. Avoid mobile applications: It's always advisable that you stay away from mobile banking applications, especially those that aren't provided or endorsed by your bank. This is mainly because the banking applications are known to use mobile phone applications which are mostly coming from third party sources. Unless and until you're able to view the application's source code, it wouldn't really be possible for you to know what the application might be doing with your personal information.
4. Be attentive towards transactions: Make sure that you're always attentive towards your transaction history online. Immediately contact your bank's loss prevention department in case you see any transaction that you don't remember approving.
5. Don't click on email links: There are chances that you may receive occasional links on your email that claim to be some sort of "security notification" from your trusted bank. This is more often than not a password theft technique and it's called "phishing". Remember, you bank will never send you any email wherein you'll have to click on a link to login.
Keep in mind the 5 tips discussed above and make your online banking experience a safe and secure one.