Whether it is bill payments, funds transfer or the creation of a fixed deposit, internet banking allows you to do it quickly and conveniently. Instead of going to the bank and waiting in an unending queue, internet banking has made all banking functions accessible through a few clicks. However, this facility needs to be used very carefully due to the risk of phishing – fraudulent means of attaining your confidential banking information.
Listed below are seven smart tips for internet banking.
When you first log in to your internet banking account, use the password provided by the bank. You should change this password immediately to enhance your account security. Additionally, regularly update your password and always keep it confidential to protect your account.
Avoid logging in to your bank account at common/public use computers in cyber cafes or libraries. These are crowded places, and there are more chances of your password being traced or seen by others. If you have to log in from such locations, make sure you clear the cache and browsing history and delete all the temporary files from the computer. Also, never allow the browser to remember your ID and password.
Your bank will never ask for your confidential information via phone or email. So whether you get an apparent phone call from the bank or an email requesting your details, do not give out your login information. Use your login ID and password only on the official login page of the bank, which should be a secure website.
Check your account after making any transaction online. Verify whether the right amount has been deducted from your account. If you see any discrepancies in the amount, inform the bank immediately.
To protect your computer from new viruses, always use licenced anti-virus software. Pirated versions of anti-virus software may be available for free, but they may fail to protect your computer from new viruses prevalent in the online world. In addition, you will get notifications for updates in the software periodically. Ensure you keep your anti-virus updated to protect your confidential information.
Most broadband users do not disconnect the internet connection on their computer when they are not using it. Malicious hackers can access your computer via an internet connection and steal your confidential banking information. To keep your data protected, ensure that you disconnect from the internet when you do not require it.
For better security, always type your bank's URL directly into the browser's address bar rather than clicking on links in emails. Fraudsters often send emails with fake website links that look like your bank's real site. Entering your login details on these bogus sites can lead to account theft. Ensure the URL starts with 'https://' and verify that it is your bank's genuine website before logging in.
Always stay informed about the latest security practices and be vigilant to ensure your financial information remains safe. Remember, in the digital world, proactive measures are key to safeguarding your assets and personal data.