Tips for a safer Online Banking experience

Savings Accounts are the most basic account you can open when beginning your banking journey. It develops a saving habit, ensures the safe keeping of your funds, and grows your money in the long run. Nowadays, such an account also opens you to a world of investments, convenient fund transfers, etc. Moreover, you can do all this instantly and without any hassles using Online Banking platforms.
However, before you access the other features of the Savings Account, you should be aware of specific safety measures. These helps avoid phishing risks, etc., and have a safe banking experience. So, if you are seeking tips for a safer banking experience online, the following pointers might help:
Keep account details private
Do not share your account or login details with anyone, even if you get an apparent call or email from your bank. Your bank would never ask for confidential information. So, remember this.
Avoid public computers
Whether you are opening a Fixed Deposit to tackle future emergencies, transferring funds, checking your balance, etc., avoid logging in to your account from public computers. For example, skip the computer at a library or cybercafé. These are usually crowded. Hence, there is a higher risk of people tracing or seeing your login password.
Clear your browsing history and cache if you need to log in from these places. You should also delete any temporary files from the computer.
Change passwords frequently
After completing the Savings Account process online from your bank’s website or Banking app, the bank verifies your details. Once done, they send you the account details to your email address. You can use this information to carry out transactions on the bank’s online platform until you receive your welcome kit, Debit Card, etc. However, keep changing your Online Banking password regularly to keep the account safe.
Use licensed virus protection
Always use licensed virus protection software to protect your computer from attacks by new viruses. While free versions may be available, they might not protect your computer from newer variants. It is also crucial to update your anti-virus software to protect confidential information.
Type banking URL
Instead of clicking on links to proceed with Online Banking, it is safer to type your bank’s URL on the browser when accessing your account. This is because there are several instances when fraudsters and scammers might send emails with website links that look like your bank’s original website. However, they are fraudulent. Once you type your login details on such a website, they gain access to your Savings Account and can steal your money.
Check account regularly
Checking your Bank Account after making a transaction online is essential. This lets you verify the details and determine any discrepancies.