With the internet becoming prevalent, many financial institutions are now providing online banking solutions. Such online solutions have brought a lot of conveniences and benefits to both the clients and the banking institutions. One thing for sure is that it saves a lot of time. In the past, you would be needed to go to a bank for any transactions and deal with the long queues to get them done. 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. The online banking portal will only be safe if the bank is using a secured website. You can figure out whether website provided is safe by checking the browser’s address bar; a safe website will always have an address bar beginning with “https”. Getting an address starting with “HTTP” where there is no “s”, that is a sign that the site is vulnerable and you should avoid such doing transaction on it. 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.
If You want to work with an internet-based financial institution, make sure that the organization is legitimate before accepting any services. You can check with the FDIC to evaluate whether the bank has all the certifications and other validations. Moreover, a financial institution has to be listed with the FDIC for them to be accepted to operate business.
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. 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. People with ill intentions may use such emails to trick you into giving your log-in information which would be dangerous. Make sure you reach out your bank and report such a case immediately you get such an email.
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. To always keep your online banking information secured, avoid using public devices to access your bank account.