How to Use Mobile Banking Safely

Presently, many people manage their money on the Internet because in most cases, due to work schedules, it is almost impossible to take a while to physically approach the bank. This is why more and more banks offer applications to make this task easier and allow to perform any operation from the accounts at any time and from anywhere

Have you already been hit by mobile banking? It all works very easily and quickly, but how do you know for sure that you are working safely? Despite the popularity of mobile banking, many users are concerned about their security. However, there are no reasons to worry, the apps themselves are safe and reliable, but if you use your smartphone to bank, you can make sure that your phone (or tablet) is properly secured. In principle, the use of mobile banking is just as safe as internet banking on your computer/laptop or tablet.

Be careful when installing the bank application

When someone prepares to install the bank application to manage the accounts from the mobile or tablet, the first thing to do is verify that the mobile application of the bank with which you work has been validated for your security. To do this, you have to look at the bank’s website to validate the security of the application so that you can use it without great risks. If this confirmation is not found, you can always look for comments from other clients who have used the application, although they can never be 100% reliable, they can clarify some doubts.

Install the latest security updates

Prevent your computer or phone from becoming infected with viruses. Update regularly your mobile device and app (licenses) that are on your phone and/or tablet according to the latest standards and use the official channels.

Protect your mobile phone and tablet

One of the most important things you can arrange for secure mobile banking is setting a security code on your phone. Make sure your mobile phone and tablet are protected with a password or PIN code. This way you can prevent someone from coming to your phone.

Be careful with your login details

Never share your bank password! The first thing to know is that nobody can enter your mobile banking account. Just as a physical key is a way in which one enters your home, the password is the key that allows access to the application. Do not give anyone your username and password. Not even your partner, family, friends or employees of the bank. Do not store any mobile banking credentials on your smartphone or tablet. Log out immediately after using your bank app. Most bank apps log out automatically shortly after use, but it is safer to do that yourself immediately after use.

Set up a security code for your bank app

The login code of your bank app is actually just as important as the pin code of your debit card. It is important that you don’t forget it and that you keep it as a secret. It is wise not to use the same code for your debit card and your bank app. Some smartphones have a fingerprint scanner and can then secure your bank app with your fingerprint.

Select the SMS authorization option

Search this option in the application. It means that your bank will send you an SMS every time the money has been presented or withdrawn from the account. Even If you use the best credit cards, you should always be alert. It will allow you to detect any strange movement before it is too late.

Use only a secure Internet connection

In many places, you can use the internet with the help of an open Wi-Fi network. These networks have no security and everyone can log in just like that. If you do not have to enter a password to use the Wi-Fi network, you know that you are on an open network. Basically, you can just use the internet here, but it is not very safe. Anyone can connect to this network and any Internet criminals can easily view your data. If you use your bank app, make sure you are on a secure network or on your own network. When you log into a public Wi-Fi network, a criminal can access your device. It is therefore not advisable to internet banking via unsecured or unknown Wi-Fi networks as is often the case in public places. Do you still want to use a public Wi-Fi network? Do not use it to do mobile banking or other online activities where personal data or log-in data are involved.

Read e-mails carefully and critically

Do you receive an e-mail from your bank? Take a good look at this. False e-mails seem to be real. False e-mails sometimes contain spelling mistakes or other sloppiness. Also, the e-mail address of the sender does not match the e-mail address of your real bank. Never click on links or attachments if you do not trust the e-mail.

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