Archives - Online Banking

Leverage digital payment platforms such as Apple Pay, Google Pay, and Samsung Pay

Despite their current limited online acceptance, their footprint in brick-and-mortar retail is expanding. These services offer enhanced security as they replace your actual card number with a device-specific identifier. Any retailer displaying the logo of these services typically accepts all three, so feel free to use them if your device is set up accordingly. Moreover, […]

Use a mobile banking app for account management

This recommendation isn’t merely for convenience, but significantly for security. Official banking apps are usually the safest platforms for receiving activity alerts, viewing statements, and confirming login attempts via 2-factor authentication. Such apps also minimize the chance of falling prey to fraudulent emails masquerading as your bank, intent on pilfering your information. Furthermore, these apps […]

Close credit accounts you no longer use

It’s not a good idea to have too many unused credit accounts. This introduces possible security risks, and in some cases, it may harm your credit score. You can check how many open credit accounts you have by visiting a credit bureau’s website, such as Experian, TransUnion or Equifax. You may discover you have more […]

Refrain from using a debit card or bank account for online purchases.

Debit accounts, if compromised, put you at a greater risk of losing money, as unauthorized users can easily withdraw funds. On the other hand, credit cards offer increased fraud and liability protection, along with chargeback options, making them a safer choice for online shopping. Ideally, opt for payment platforms like Apple Pay or Google Pay, […]

If you’re getting notices of new credit accounts being opened under your name that you don’t recognize, freeze your credit

Someone who has your personal information can use it to try to open fake credit accounts under your name. If you receive notices of new credit accounts being opened that you aren’t aware of, immediately notify your credit card company. You’ll also want to go on all three major credit bureaus’ websites — Experian, Equifax […]

Protect your assets by regularly reviewing your financial statements

 Malware and viruses can steal the confidential information needed to conduct fraudulent activity under your name, so it’s important to act quickly if you experience any mysterious charges. Therefore, it is essential to check your statements for any suspicious charges, so that you can contact the institution and take measures such as changing your passwords […]