Top 5 Tips for Safer Mobile and Online Banking

If you’re like millions of other smartphone users and laptop owners, there’s a pretty good chance that one of the many things that you use your phone and computer for is your banking. It’s easier, it’s convenient and it’s a lot better than waiting in line at a bank. Of course, mobile and online banking can only be secure when you’re careful about taking certain precautions.

If you’re interested in knowing some of the things that you should do in order to make mobile and online banking as safe as possible, here are five tips that will help to put your mind at ease.

 Online Banking

Put a password lock on your smartphone and computer. While this isn’t so much of an issue when it comes to the desktop that may be in your house, if you have a laptop that you take out in public or a smartphone, you should put a password on them. That makes it harder for someone to get into your account should your laptop or smartphone end up being lost or stolen. Speaking of passwords, it also doesn’t hurt to change the password that you use to access your bank’s website every couple of months -just as an additional safety precaution.

Exchange sensitive information by phone only. Something that you should avoid doing is sending a lot of emails back and forth between you and your bank. Although their site might be secure for the most part, websites get hacked all of the time. So, when it’s extremely sensitive information, call them up instead. And as an additional security measure, don’t have banking conversations in crowded places. You never know who might be listening.

Delete texts from your bank. Here’s a huge tip to keep in mind. Although texting has made communicating a lot more concise, at the same time, when it comes to doing banking with your smartphone, it makes you quite vulnerable to becoming a victim of fraud. So, whatever texts you do receive from your bank, after reading them, delete them immediately.

Log out every single time. Another mistake that a lot of people tend to make whether it’s banking on their smartphone or doing online banking on their computer is forgetting to log off every single time. Although after a while, you bank’s website will automatically log you off on its own, it only takes a hacker a few seconds to cause a lot of harm. That’s why you should make it a practice to log yourself off every single time you leave your bank’s site. Another good tip? Avoid clicking the “auto login option”. That’s another way to make you vulnerable to potential intruders. Take the time to type in your information each time you want to log on instead.

Immediately report if your phone is lost or stolen. Another safe banking tip as it specifically relates to mobile banking is to contact your cell phone provider the very moment you sense that your phone is lost or stolen. That way, they can turn it off and make the information inaccessible to anyone who may find it. For more information on specifically what you should do if you lose your phone or it is stolen, contact the website of your phone’s provider or visit and put “stolen and lost wireless devices” in the search field.

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