Wednesday, 12 February 2020

Important Safety Tips for Internet Banking | Online Banking

Important Safety Tips for Internet Banking | Online Banking

Important Safety Tips for Internet Banking | Online Banking

Internet banking is a fast and convenient way. Various banking functions are now accessible to you 24X7 and that too with few clicks via computers or mobiles. In this post, let's discuss some important safety tips for internet banking | online banking.

With all the advantages, the facility of Net Banking comes with certain risks. Therefore, the facility of Internet banking needs to be used carefully to avoid online banking frauds. 

Follow the below-listed safety tips to minimize the risks involved in Internet banking.



Important Safety Tips for Internet Banking | Online Banking


1. Create a strong password and change it regularly

Change your Internet banking password after your first time login to your Internet banking. In addition to this, keep changing your password at periodical intervals (at least once in a month). 

You should create a strong and long password to make it difficult for others to guess. Always use a combination of letters, numbers and special characters (like @, $, %, &, etc.) in your password. 

Make sure you create different passwords for login and transactions.



2. Never share your password with anyone

Never share your Internet banking password with anyone and if you have written your passwords somewhere, make sure it remains confidential at all times. 

Your bank will never ask your Internet banking password via phone or email. So don’t share your Internet banking password with anybody, not even to a bank employee.



3. Use a genuine anti-virus

Always use genuine anti-virus software to protect your computer from viruses and other security threats. Never use a pirated version of anti-virus as it may not protect your computer from new viruses. 

Also, keep your anti-virus software updated and scan your computer regularly with anti-virus to ensure that your system is virus free.

This practice will keep your confidential information always protected from viruses/trojans, keyloggers and other forms of malware.

 
4. Always type your bank URL

It is a good practice to type your bank URL into your browser window to access your Internet banking. Never click on links given in an email that offers to take you to your bank website. 

If you login using such links that may be used to steal your confidential banking information or even your money. 

Before login, always check and ensure that you are using your bank’s authentic website.

Also read: What are mutual funds? Benefits of investing in mutual funds


5. Do not access your Internet banking from public computers

Avoid accessing your Internet banking from public computers at a cyber cafe, libraries or shared computer. At these places, there are more chances that your Internet banking password being traced or seen by others. 

However, if you have to access your Internet banking from such places in an emergency then clear your cache and browsing history and change your passwords from your own computer. 

You should also avoid public Wi-Fi for Internet banking and making payments on e-commerce websites.

6. Check your savings account regularly

Check your savings account on a regular basis and if you found any discrepancies in transactions or account balance, inform your bank immediately. 

You should also check the last login date and time of your last login to your Internet banking account. If you see some irregularities in the login date and time, change your password and inform the bank immediately.

Also read: How to set your financial life in order?



7. Log off when you are done and disconnect internet when not using

Always log off from your Internet banking session when you have completed your banking work. 

Also, disconnect your internet connection when you are not using it otherwise malicious hackers can access and steal your confidential information from your computer.



8. Subscribe for account notifications

Most of the banks offer the facility for customers to subscribe account notifications via SMS and email. If you haven't subscribed to this facility, subscribe to it now. 

These notifications will alert you to certain transactions/activities in your bank account.

Also read: Money Saving Tips

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Important Safety Tips for Internet Banking | Online Banking 



1 comment:

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