A lot of people would tell you the many wonders and convenience of online banking. Less travel time, easy access and fast transaction are just a few of the benefits that you can reap with online banking. But still, even with the "secured" system of such a contemporary way of banking, a lot of people still opt to do their bank transactions the traditional way. Why so? The fact is, there is still an existing opportunity for theft and identity fraud whenever you do your banking online. If there are ways for hackers to remotely access your computer, then what would stop them from checking on your bank accounts to? But you don't have to fret. There are several ways on how you can ensure safety in doing your online banking. Here are some tips:
1. Choose your bank wisely
Unknown to a lot of people, there are actually fraudulent banks on the Internet. It doesn’t mean the when you have a professional looking website- you got one genuine company. Always check if the bank that you would sign up with is legitimate. They should always have a local branch that you can drop by in person. Make sure to check out the bank's profile, history and addresses. You can also call their costumer service so you would get a chance to talk to a live person and discuss your concern. A couple Online Banks I recommend are ING, and HSBC.
2. Make sure that you are on the right website
This may sound like a common-sense tip, but they are actually a lot of people who would mistype the website URL of their bank and end up on a fraudulent website cloaking the look and the feel of your original bank's website. This is also commonly known as "phishing". Once you entered your username and password on the site, this information can be used to hack into your account. It would be a good idea to add your bank's website on your folder of favorites or bookmark it. This would ensure that you are on the right website every time you would do your online banking.
3. Check for security encryption
Because online banking deals with sensitive financial and personal information, your bank should invest in creating a safe and secure website for their clients. Online banking websites should have a security encryption. Look for a lock or a key icon on the address bar just beside the website URL. This would insure that any private data that you enter on the website and any transaction that you did would all be kept safe and secure.
4. Use a Personal Identification Number
Banks who want to protect their client's safety and security would provide you with a PIN or a personal identification number. This would be a unique number that you can use to be able to begin your online banking transactions. This is an added security feature so you can ensure safety while doing your banking online.
Originally posted 2008-10-04 03:31:29.