Friday, October 28, 2016

5 tips to safely login to your Internet Banking

In this digital era, online banking is one of the most convenient ways to conduct your financial transactions. However, if care is not exercised, you can easily get trapped. To avoid snares and enjoy a safe banking experience, here are 5 tips which you should keep handy.

1. Always login from the bank’s main website

The safest way to login to your Internet Banking service is to go to your banking partner’s website by typing the website URL in the address bar and click on the “login” button for internet banking from there. 
For example, you should type in your browser and from the bank’s home page, click on the “Internet Banking ” button.

           2. Avoid searching for the bank's Internet Banking link from google

Some people also like to search about the bank or the online banking site on Google and accessing the bank’s website by clicking on the corresponding link from the search results. If you can remember the website URL, it is always a better and safer practice to type the URL directly in the address bar and then login to your online banking from there.

3. Verify your URL & security cues

While logging on to your internet banking, check for 'https://' (focus being on the “s” at the end) in the URL, and ensure that it is your bank’s authentic website by looking for the closed padlock sign in the address bar. Those are simple cues that help you ensure that you are entering a secured area or zone.

4. Never send and/ or share your usernames and passwords

No bank will ever request you to send personal information over e-mail or over the phone. Never send your username, password, PIN, account information, credit card data, or any such confidential information over e-mail or over the phone. You might also receive at one point in time emails which  ask you to login to your account through a link which redirects you to a website.  This is a phishing attempt and the website is a fake one, so never trust those emails.

5. Choose an account with two-factor authentication. 

As far as possible, always try  to get a bank account that offers some form of two factor authentication. You can choose to register your mobile number for authentication by SMS and each time you log in, you will receive a text message with an authentication code which you will need to input on the website to complete your login. Additionally, the bank may also issue a security token with an ever-changing code. To log in, you enter your password and the current code displayed on the token. Whichever type of two-factor authentication your bank offers, take advantage of it and secure your confidential information as best as you can. At AfrAsia, we offer both.

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