Online banking is now normal for many individuals and businesses. It is great for keeping right up to date with your bank transactions. It’s also a great way to save money: many banks will charge business customers for processing cheques (either drawn by the business or paid in), however some banks will not charge for online payments and receipts.
However, online banking is not without it’s risks. To minimise the threat of fraud and identity theft. (Corporate identity theft is also common), here are some general pointers:
- Always keep your login/registration details secret.
- Make sure that you are logging into a secure server (the website address will generally begin https:// and some browsers will also display a little padlock icon.
- Phishing emails (where a fraudster will send an email purporting to be from a bank, generally asking you to click a link in the email and confirm your registration details) are common. Therefore, never click a link to your bank from an email. Generally, banks do not send security emails addressed to “dear customer”. Remember – your bank will know your name! Also remember – no bank will require you to disclose your security information by email.
- Never email your login details to anyone.
- Report scams to the Banksafe online.
Your own bank will be able to provide you with more details about how you can protect yourself and how you can go about verifying whether an email is genuine or not. Visit Banksafe online for more general pointers.