Today the internet is a big thing- everything is revolving around the internet in social and economic aspect, and this has prompted financial institutions to offer online banking services. 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. 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. 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.
Don’t seek for any online banking services from an online based financial institution without confirming the legitimacy of the institution. You need to check with the Federal Deposit Insurance Corporation to verify whether the institution has met all the requirements to do business. In addition to that, an entity can only be considered to be a bank if is listed with the Federal Deposit Insurance Corporation.
Your bank from time to time will want to keep you informed on essential banking information and may do this through 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. As soon as you receive this type of email, it is advisable that you contact your bank and report this.
As a precaution, avoid accessing your online bank account unsecured computers like one in a library or in a cyber cafe. You may think that you are secure when you clear all the browser cache on the device but you are still at risk of your log-in info getting into the hands of criminals using your browser history. When logging in to your bank account, make sure the device is secure and always log off and clean out the cookies.