Banking Safety

Over the years, banking has seen a lot of changes. From booking travel tickets to buying clothes from e-commerce websites to ordering food online, you name it, banking has transformed the way in which we live. But let us not forget the fact that, as the convenience of payment has increased so has the possibility of theft. Following a few simple safe banking practices can help prevent your information and money from falling into the wrong hands.

Mobile Banking Safety Tips

In this digital era, mobile banking is the most ideal way to perform your banking even while you’re on the move. However, keep in mind the following precautions for a safe mobile banking experience - 

• As the first step of precaution, lock your smartphone/tablet with PIN security.
• Never leave your phone in an unattended place.
• Avoid connecting to unsecured WiFi for banking transactions.
• Keep your phone and apps updated with latest security patches and updates so as to ensure maximum protection.
• Be extra cautious while entering confidential information (like account details and passwords) on your mobile   phone. Beware of shoulder surfers, trying to peep and steal your information.
• Always download apps from the official apps stores; Google Play Store, App Store etc.
• As a precautionary measure, turn OFF the option to download from unknown sources to prevent unwanted apps in   your phone.

Credit/Debit Card Safety Tips

This form of payment is still popular with people and stressing on safety tips of the card usage is of great importance.

• Keep your ATM PIN confidential and make it a rule to change it periodically.
• Go for a complex PIN which cannot be guessed easily.
• Make it a point to get the card swiped in your presence so that there is no chance of your card details being   stolen.
• Keep the answers to security questions confidential.

Internet Banking Tips

• An ideal password will have a combination of alphanumeric along with upper and lower case letters.
• Keep different credentials for Profile and log in.
• Avoid using the internet banking from the public network or unsecured WiFi connection.
• Make it a routine to check your bank statement and transaction history.
• Don’t share your OTP, password, and CVV with anyone.
• Log out immediately from your online account after use.

ATM Security Tips

• Pay attention to your surroundings as you approach an ATM.
• Look before you use the ATM. Look for hidden cameras placed to capture your pin as you enter it and also make   sure there are no signs of tampering/damages on the ATM, and if signs are there avoid such ATMs.
• Keep your card ready as you enter the counter and put the cash away from the sight of others without leaving   any room for temptation for the thieves.
• If in case the ATM fails to deliver then hit the ‘cancel’ button and end the transaction and get in touch with   the bank immediately.

While banking offers a lot of conveniences, incorporating these simple precautionary measures will ensure you avail the full benefits without falling prey to fraudsters. Make safe banking a habit and if you’re looking for more on safe banking tips, visit https://www.vijayabank.com/