Tips on following safe online banking practices
Online banking is the most convenient form of banking preferred by several users due to its ease of access over technological platforms. However, there are also risks to this mode of banking transactions, and here are some tips on safe online banking practices that help protect your finances.
- Set up your banking account for user authentication with every transaction. This way you would be able to approve every online transaction through a pin generated on your mobile phone or email account linked with the banking account. This ensures that a transaction is free from any scam and no one else would be able to duplicate your payments.
Keeping the systems that you frequently use loaded with security is essential to secure every transaction you make online. Don’t click on random emails or give out your card data for random free sign-ups. The most common form of identity theft and bank details theft occurs through the keying in if your information on insecure websites. Avoid giving your bank details or making any online transactions on websites that ask for extensive details including your passwords. Access your online banking portals or perform any other form of banking transaction only from secure internet access points. Accessing bank data over open networks like café Wi-Fi sources or public places can be easy to be intercepted by scammers. Keep track of all your transactions regularly to ensure that there are no suspicious activities or discrepancy in your finances.
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