There’s no point in accumulating all of that extra interest in an online savings account if you don’t keep your money safe. You can’t rely on the bank to do all the work for you. Yes, your funds may indeed be FDIC insured, but that won’t help you if someone gets access to your account and withdraws your funds. You have to take preventative steps to ensure that your money is safe. Luckily for you this post will teach you how to keep the money in your online savings account safe and sound. Here are a few tips.
Before of emails that seem suspicious. Many criminals are sending mass emails in an attempt to gain access into your account. They do this by asking for your username and password, claiming that it is due to security reasons. The bank will never ask you for your password, so you should never provide it to anyone.
Another method is by telling you that you need to click here to log into your account and that it’s urgent. This leads you to click the link and log in. But the page you went on was not your banks’ site. It may look like your banks’ web page, but it isn’t.
Every time you log into your account make sure you are at the correct URL. A good rule of thumb is to always type your bank URL in the address bar rather than clicking on any link.
There are programs, called keyloggers, that can track your every keystroke and more. This means that they will see you visiting your bank and they will see all the keys you are typing, thus obtaining your password. Some banks have a visual keyboard you click on to type in your password, rather than typing it.
However most do not do this. You can frequently be infected with spyware, malware and viruses if you download random programs online from unreliable sources.
Don’t log into your bank while you’re at a public wifi area or when you are on a computer that is not yours. All of your banking should be done in your own home within your own password protected home network. When you’re at a cyber cafe for example you don’t know if the computer you’re using has a virus.
There are also ways to spy on you even when you’re using your own computer at a public hotspot.
There are many banks to choose from. Choose a bank that you have heard of before. The reason for this is security. The bigger banks have multiple layers of security to keep your online account safe. The smaller banks may not have the resources to enact extra security features on their online account.
There are other advantages to choosing a big bank. The big ones can offer you a mortgage, fast cash loans, a business loan and more.
As far as account security goes, the big banks will only allow you to enter your account if they recognize your computer, you’ve entered the correct username, you’ve entered a correct complex password and have answered a security question. That’s real security right there.