Things to Remember When Doing Online Banking

When it comes to saving money, people are usually concerned about how to keep the money safe. From tucking it inside your spice jars to burying it under your mattress, there are a variety of ways to store it. Fortunately, we were born in an era when banks were established to help keep our money safe. And as the days pass, the security systems in place have vastly improved, which just adds to our peace of mind.

Despite all of these safeguards, there is one area where the bank has no authority, and that is when we conduct our own internet transactions. In retrospect, most of us are only concerned with finishing our transactions and getting back to our hectic schedules. In reality, when we conduct online transactions, we are responsible for the security of our funds. For those who aren’t familiar with online purchases, here are some pointers to bear in mind.

open a new account for internet banking

Use Private Wi-Fi or Data

Many people forget, but when conducting online transactions, you must avoid using public Wi-Fi. This is because your data and search history are visible to others when you utilise public Wi-Fi. Despite the security mechanisms in place, someone may find out information such as your login and passwords for your internet banking account if they wanted to. As a result, it’s easy to just avoid it altogether.

Use Incognito or Private Tabs

When conducting online transactions, it is best to look for websites using incognito or private tabs. This is to ensure that no one, including your search engine, can monitor your searches, making it even safer for you. Your usernames and passwords will not be retained on your device if you use private tabs. Even if your phone is stolen, you won’t lose your money because of this.

Never Click Save

As I previously stated, using incognito tabs when conducting online transactions is recommended; but, if you are the type that forgets, this advice is for you. You can still perform your transactions in normal tabs, but it’s safer to always use the ‘never save’ option when putting in your passwords.

Log Out and Clear Search History

Always remember to log out of your account when you have completed your transactions. This is because not all accounts instantly log you out when you close an application or tab; some accounts may continue to operate in the background, making it simpler for hackers to access your information. You should remember to erase your search history as well as your cache after logging out. After you’ve logged out, you’ll usually see a clean cache option on the screen. Again, you’re lowering your chances of getting targeted by doing so.

So, try using these tips, and if you’re living in Malaysia and are interested, head over to your bank and open a new account for internet banking.