Don't be fooled, KEEP YOUR MONEY SAFE - 5 smart internet banking tips you should know

With the increasing popularity of internet banking and online transactions, scammers are finding new ways to fool people and rob them off their hard-earned money.

The onus is now on bank customers to be vigilant. Source - Pixabay.

With the increasing popularity of internet banking and online transactions, scammers are finding new ways to fool people and rob them off their hard-earned money. Shockingly, they have come up with new ways to steal money from users accounts. The onus is now on bank customers to be vigilant and follow some smart practices to ensure that their money is safe. Here are 5 smart internet banking tips you should know to make sure that you are not fooled.

Do Not Share Your Password

A strong Password is what keeps your account and money safe. Several banks suggest customers to change the password on a regular basis. It helps in keeping hackers at bay. Make sure you have a strong password and do not share it with anyone.

Use Secure Connection

In simple words, do not use public PCs or systems to carry out any banking operation. In case you are traveling, try to use your smartphone’s hotspot instead of the available free Wi-Fi. Avoid use public networks to transfer money or log in to your bank accounts.

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Always Log Out

Public computer or not, always log out from your bank account after completing a transaction. If you have used someone else's computer, remember to clear browser history and cache after you log off so to avoid anyone from getting access to your financial details, banking logins and passwords.

Conduct Account Check Ups

It is equally important to be aware about your financial health. Regularly check your bank accounts to keep a track of your money. Each time you make a transaction, go back and check the balance to ensure that right amount has been paid or received. In case of any discrepancy, immediately contact your bank.

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Turn On Notifications

Keep the email and SMS notifications from your bank turned on. It will inform you about any transactions made from your account. This will help you identify fraudulent transactions and inform the bank in time.

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Cyber Security Personal Finance