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Tips to ensure that you have a safe internet banking

With the progression in technology and economic ventures, individuals can now make banking transactions through the online portal. This can be done through the process of internet banking.
However, while this venture is available online, certain precautions must be taken into account to ensure that you have a safe banking process. Here are a few tips that can assist you:

Choose an account with multiple authentications:

Opting for a bank account with authentication is one way to ensure that your financial transactions and account it save online. However, a single authentication level will not provide you with much protection. You must opt for an internet banking that is equipped with multiple authentications. While the initial authorisation level is applicable to your account and its log in details, the consecutive levels of authorisation will include a unique code that is provided by the bank and valid for a short time. This prevents any outsiders from accessing your information even if they possess details of your account.

Create a strong password

Plenty of banks provide a feature for internet banking wherein bank account holders can create user generated passwords. By choosing your own password, only you will be aware of the access to your account. By choosing a strong password, you restrict the chances of anyone accessing your account. The best way to achieve a strong password is by making it long password with a mix of upper and lower case letters, numbers, and special characters. Avoid using any common words or phrases. Try to avoid creating a password that contains any resemblance to your name, initials, or your date of birth. If your bank allows it, change your password regularly over a period of every three months

Ensure that your system and its software are up to date:

Regardless of what you use your computer or any other system, it is essential that you update the software on your computer, especially any security software. Anytime you use your computer or any other system, ensure that your firewalls are turned on. Do update your antivirus software whenever you can. These software require regular updates to that you are protected from the latest malware and viruses that can be used to gain access to your financial data.

Avoid clicking through random emails that ask for your login details:

It may not be uncommon to find a sudden email asking you for your recent login details or details of your account. However, you should be aware that no financial institute worth their salt will send you an email asking you to provide any of these details. Be aware of links in emails that appear to be from your bank. Normally, this is a trick often employed by the nefarious characters to get you onto an official looking website that is fake.

Apart from this, there are plenty of other tips that is available that will ensure safe internet banking measures. Ensure that you follow these tips to protect your online financial transactions while keeping your bank account safe.

Neha Sharma is a finance student who loves to write during her spare time. She has considerable information about internet banking. Through her work, she has provided valuable information through the form of tips to ensure that you have a safe internet banking

About Oworock

Owopetu Abiola is a seasoned blogger, movie actor, a writer, a special educator and the lovers of the learners with special needs. He graduated from the University of Ibadan studying Special Education. He is an internet marketer, SEO manager, web developer and currently a media director at Impactful Generational Leverage Organization (IGLO) an NGO. Contact me on

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