Archives - Online Banking

Avoid free Internet access

When you find yourself out in the great “wild Wi-Fi West,” avoid free Internet access with no encryption. If you do use an unsecured public access point, practice good Internet hygiene by avoiding sensitive activities (e.g., banking) that require passwords or credit cards. Your personal hotspot is often a safer alternative to free Wi-Fi.

Mobile Banking and Payments Best Practices

Do you use a banking app on your phone? While mobile banking is very common among some age groups – for example, 69% of millennials take advantage of it – it’s not all that popular overall, with only about one-third of all U.S. bank account holders engaging in it. Its slow adoption might be traceable […]

Access banking sites/apps over cellular or VPN when possible

It’s inadvisable to do anything sensitive on any device when connected to public Wi-Fi or even to a Wi-Fi network that doesn’t belong to you. When you log in to online banking, consider doing so over a either a cellular connection or a virtual private network (VPN). Cellular and VPN connections provide more extensive protections […]

Set up multi-factor authentication on your banking app

Banking apps contain some of your most sensitive information. For that reason, it’s prudent to enable two-factor authentication (2FA) for them. The options for the second factor will vary by app/bank, but usually include receiving a text code or phone call. 2FA ensures that someone can’t break into your account if they steal your password, […]

Use trusted internet connections when banking or shopping online

When examining your online bank balance or making a purchase, try to avoid networks you don’t typically use, particularly public Wi-Fi hotspots they are not very secure, which makes it easy for others to intercept your data.  When you’re doing important transactions use your password-protected home network or employ a virtual private network (VPN) service.

Avoid credit card skimmers

These skimmers were once a major issue at ATMs and point-of-sale terminals. They can still be risky if you pay by swiping. To stay safe, pay with a chip or tap. At ATMs, consider using an NFC-enabled phone to tap to access your account instead of your physical card. That way, there’s no card number […]