7 Tips for Safe Internet Banking

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Internet banking makes it easy to pay bills, transfer funds, or create a fixed deposit. Internet banking makes banking easy and fast. Instead of waiting in a long queue at the bank, you can do all your banking functions online. This facility should be used with caution as phishing is a fraudulent way to obtain your confidential banking information.

 

Regularly change your password
The password that the bank has provided will be used to log in to your internet banking account for the first time. To keep your account secure, however, you will need to change the password. You should also change your password regularly. Importantly, do not reveal your password to anyone.

Avoid Login on public computers
Avoid using public computers such as libraries or cyber cafés to log in to your bank account. These places are often crowded, so your password could be viewed or traced more easily. Clear the browser history and cache, and delete any temporary files. Never allow your browser to remember your password and ID.

Don't share your information with anyone
Your bank will never request your confidential information by phone or email. You should not reveal your login information to anyone, regardless of whether you receive a phone call or an email asking for your details. Only use your password and login ID on the official bank login page. This should be a secure site. When logging in, look for "https ://'" in the URL. This indicates that the website has been secured.

Make sure to check your savings account frequently
After making an online transaction, check your account. Verify that the correct amount has been debited from your account. If there are any discrepancies, notify the bank immediately.

Always use licensed anti-virus software
Use licensed anti-virus software to protect your computer against new viruses. Although pirated anti-virus softwares are sometimes free, they might not be able to protect your computer against new viruses that have become prevalent online. You will also receive notifications about updates to the software. Keep your anti-virus software up to date so your confidential information remains secure.

When not in use, disconnect the internet connection
Many broadband users don't disconnect their internet connection when they aren't using it. Malicious hackers could gain access to your computer through an internet connection and steal confidential banking information. You can protect your data by disconnecting from the internet when you don't need it.

Enter your internet banking URL
It's safer to type the URL of your bank in the address bar than to click on links in emails. Fraudsters may send emails that look exactly like the original bank website, and then link to fraudulent websites. These links can be used to steal your money and access your account by entering your login details. When logging in, make sure to look for "https ://'" in the URL. This will ensure that your bank's website is authentic.

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