How to Make Sure Your Online Banking Is Safe

Your online banking relationship with a bank is completely different from over the counter transactions that you usually perform. Without a shadow of a doubt, online banking is an excellent way to save time and take care of financial issues. However, every year, millions of dollars are lost to internet fraud and you ask yourself how on earth internet banking can be a safe option? Thieves around the world have discovered methods to clone a legitimate website. This allows them to attract people to make a deposit. Luckily, there are certain rules that you can follow to avoid internet fraud.


  • 1

    Do your research to make sure the bank you are going to open your account with is safe and secure. It is recommended to check the URL address of the website. If it starts with "https://" and not “http://”, the website is secure for online banking. When you are on http://, page, you can lose your data to anyone to attempting to steal your personal details.

  • 2

    Never fall in the trap of phishing scams. If you receive an email asking you click on a website link that looks familiar to your bank’s website, be suspicious of its origin. Banks do not need to know your details as you provide all the required information at the time when you opened your bank account.

  • 3

    It is recommended to change your banking password every two months. Thieves find a way to copy your password, no matter how secure the website is. Be aware of any suspicious transactions that you did not conduct.

  • 4

    Do not forget to look for an image of a padlock on the web page. If you are unable to locate that image on the website, you should consider exiting the website as soon as possible. This could mean that the site is not secure and you could become a victim of fraud.

  • 5

    Website’s password section can also play a key role in keeping your money safe from thieves. By choosing a strong login password, you can make it difficult for the thieves to copy or steal your details. It is also advised to avoid banks that do not provide such security standards. Bank staff is trained to never exchange this type of information. Therefore if someone requests you to disclose your banking password, chances are that he will be a cyber criminal.

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