FAQs
How to stay safe when banking online? ›
- Never use unsecured public WiFi. ...
- Don't save logins. ...
- Use passphrases instead of passwords. ...
- Keep up on updates. ...
- Never click on email links. ...
- Check your account often from a safe location. ...
- Use a unique username.
Online banking is generally safe and not easy to hack — as long as you take the right steps to protect your information. This means setting up strong passwords and changing them frequently, and using additional tools like two-factor authentication to give yourself an extra layer of protection.
What is the safest device to do online banking? ›- A Windows PC, also in use for normal office tasks. ...
- PCs running other operating systems. ...
- A Windows PC, that is used solely for banking. ...
- Mobile platforms, tablets and smartphones. ...
- Chromebase and similar.
- Use phrases that are easy to remember. Instead of combining one or two shorter words, use phrases or short sentences that contain letters, numbers, and symbols. ...
- Implement a combination of letters, numbers, and symbols. ...
- Test your password. ...
- Change your password.
For seniors alone, using online banking is convenient but carries many risks. Several scenarios may deceive seniors, causing them to lose money despite extra layers of protection from banks. That's why proceeding with caution and taking extra safety measures are crucial to ensure seniors' bank accounts are intact.
Why not to use online banking? ›- Customer service can be virtual and impersonal.
- You are more likely to incur ATM fees if the online bank has no ATM network or is part of a small network.
- You can't deposit cash unless the bank is linked to ATMs that accept cash.
- The number of products tends to be more limited at online banks.
- Use strong passwords. Create unique and complex passwords for your online banking accounts. ...
- Enable two-factor authentication (2FA) ...
- Regularly update software. ...
- Beware of phishing. ...
- Use secure networks. ...
- Monitor your account activity. ...
- Secure your devices. ...
- Log out properly.
- Firefox. Firefox is a robust browser when it comes to both privacy and security. ...
- Google Chrome. Google Chrome is a very intuitive internet browser. ...
- Chromium. Google Chromium is the open-source version of Google Chrome for people who want more control over their browser. ...
- Brave. ...
- Tor.
But they do have their downsides, including lack of in-person customer service, the option to deposit cash and potential security risks.
What are the problems with online banking? ›Online banking is at risk of cybersecurity threats that could expose confidential and sensitive financial information of the customer. Hackers use various tactics like phishing attacks, malware, and ransomware to gain unauthorized access to accounts.
How can I protect myself from Internet banking? ›
- Don't give cyber criminals a chance. ...
- Pay attention to the correct URL. ...
- Use a secure password. ...
- Pay attention to the lock symbol. ...
- If in doubt: Abort online banking. ...
- Set a transfer limit. ...
- Log out of your online bank account.
- Top tips for staying secure online.
- Use a strong and separate password for your email.
- Install the latest software and app updates.
- Turn on 2-step verification (2SV)
- Password managers: using browsers and apps to safely store your passwords.
- Backing up your data.
- Three random words.
- Don't lose your phone. ...
- Use the official banking app, not the browser. ...
- Don't just follow any link you see. ...
- Don't use mobile banking on public Wi-Fi. ...
- Use strong passwords and 2FA. ...
- Use antivirus software with malware and phishing protection. ...
- Keep your software up to date.