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Jan 27, 2020 | Blogs | Banking

Stay Safe in Online Banking With These Tips

Stay Safe in Online Banking With These Tips

It’s the digital era and everything has moved towards the online platforms. The same happened with the banking sector and we couldn’t be more happy about the step since it gave us so much of convenience and ease to handle our finances. However, everything comes with vices.

 No doubt banks are improving their technology for safer and secure services but that hasn’t stopped the fraudsters to come up with innovative ways to cheat someone. If you are someone who regularly uses online banking, it’s time you jot down the safety tips before it’s too late.

To help you out, here are some quick-tips that can help you stay safe. Take a look!

•    A Password That’s Strong

It sounds quite basic but folks it’s the basics that improves the safety. So forget about the cliché passwords and select one that is hard to crack. For starters, avoid using your date of birth, name or any other date as your password.

According to experts, you online banking password should have combination of numbers and alphabets both in uppercase and lowercase. You can add an icing to the top by using special characters making the password almost impossible to crack. Also, change it regularly to be on the safer side.

•    Phishing E-mails Can be Harmful

One of the most common types of online banking frauds, phishing mails are sent by fraudsters. They seem like coming from a reputed bank or website and generally ask you to follow a link. However, once you make the click, you will get directed to a page where you will be asked your bank details.

Now, remember, no bank ever sends such emails where they ask you to give bank details. So, never ever respond to such emails or you can fall prey to a fraudster.

•    Avoid Using Public Computers For Transactions

When it comes to online banking, always try to use your own personal laptop or PC for making transactions. Public computers have the risk of being used by someone who can access your account for malicious reasons.

The same goes for internet connections. Avoid using public Wi-Fi or Hotspots as they are easy target of hackers. 

•    Apply For Notifications

Almost all of the banks have the account notification services for their customers. You too can register for that and receive alerts through e-mail or SMS for every debit and credit transaction.

This helps in easy monitoring of your account and take necessary steps in case someone else transactions from your account. In such case you can instantly contact the bank and get your account blocked to avoid further loss.

•    Type the Bank URL

It may sound a bit weird but it’s important if you want to protect your account. Thus, instead of following any links for online transactions, type the URL of the bank in the browser.

The task doesn’t end here. Once you reach the site, check if it has an “https” prefixed in the URL. Here, “https” indicates that the communication between the website and the browser is encrypted and secure. Almost all the genuine and safe sites use this prefix.

The Bottomline

Safety of online banking is a serious issue and it’s not just the bank but also customer’s responsibility to ensure that their accounts are safe. If you wish to stay safe and don’t want to fall in trap of fraudsters, follow the above-listed tips.

For more articles like this, keep reading our blog. Comment below if you have any more tips on how one can secure their bank account. 

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