With the internet becoming prevalent, many financial institutions are now providing online banking solutions. Certainly banking is now easy compared to traditional banking, and there are a lot of advantages attracted by such 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. However, not everything will go right when using online banking solutions, there are some things you need to look at whether you are using an online based financial institution or a physical banking institution.
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. To enhance safety, the website of the financial institution needs to be secured as well. One way of doing this is checking the address bar when logging in website or portal, if it starts with “https” then it means that the website is protected. Most people are not keen on this, but you should check whether there is an “s” at the end of the “HTTP”, if there is none, that site is not secured, and you should avoid transacting on it. Other website security professionals recommend that you check for a padlock icon on lowermost of your website browser to check if it is protected. If the icon is a locked padlock, then the banking institution is using a protected site.
If you want to accept any online banking solutions from an online based bank, it is crucial that you verify whether you are working with a legitimate entity. You can look at the institution’s records, verifications and other requirements with the FDIC. For a financial institution to be legitimate in the United States, it needs to be listed with the Federation Deposit Insurance Corporation.
Your financial institution, whether online bases or a physical one with an online presence will want to update on your online banking information and this may be via emails. However, be careful with emails requesting you to log in to verify your info in your emails. 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.
Ensure that you don’t log in to your online bank account on library computers, cyber caf? computers and any other public computer. 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.