As days go by the internet gains more popularity, and this has pushed financial institutions to start providing online services. Online banking services have made banking more streamlined like any other e-commerce services. Through online banking, banking activities by people require less time compared to traditional banking methods. For instance, with traditional banking you will be needed to spend a lot of time commuting to the bank and standing in line waiting to get served for your transactions to be completed. You may using such solutions from an online based financial institution or an extra amenity offered by a physical bank but all in all, there are elements to bear in mind to ensure financial safety.
Before choosing any online banking solutions make sure that the banking portal is safe to ensure that your banking information doesn’t land into the wrong hands. It is imperative that you check whether the website is safe as well to enhance security. The address bar on the browser is very important, a secured site will always have one starting with “https.” If you see something other than that, then it is best that you deter from using the portal because safety of your online banking information is not guaranteed. Another way to check whether you are using a secured site is looking at the bottom of the site browser for a padlock icon. If the icon is a locked padlock, then the banking institution is using a protected site.
Don’t seek for any online banking services from an online based financial institution without confirming the legitimacy of the institution. You need to check with the Federal Deposit Insurance Corporation to verify whether the institution has met all the requirements to do business. Moreover, a financial institution has to be listed with the FDIC for them to be accepted to operate business.
Your bank from time to time will want to keep you informed on essential banking information and may do this through emails. You may get emails appearing to be from your banking requesting you to log in to verify your banking information, don’t click to such links. Criminals often use such emails disguising as your bank to get your log-in information and steal your funds. As soon as you receive this type of email, it is advisable that you contact your bank and report this.
As a precaution, avoid accessing your online bank account unsecured computers like one in a library or in a cyber cafe. Criminals can still access your log-in info using the computer’s history even when you have cleared all the browser cache on the device. Make sure you only use a secure computer and any other device to log in to your account.