Security is among the top concerns for most individuals who are apprehensive about online banking. People are concerned about their personal information falling into the wrong hands and how they could be victims of identity theft. If you do business with a reputable bank that adheres to the highest level of security protocols, you won’t have to worry about anything. There is no way for anyone to hack into your account from across the world, so you can rest easy knowing that your information is safe.
Opening A Secure Bank Account Online
Opening a bank account online has changed significantly over the years. Banks now allow you to open an account over the internet, and they no longer require you to make an appointment at their branch. According to the experts at SoFi, “This includes sending money, depositing checks, paying bills, and everything you’d normally do at a physical branch.” You can open an account online easily and quickly with most banks by researching on the internet before visiting your local branch.
To open a bank account online, you must ensure that your personal information is safe. Safeguard your personal data by using Secure Online Banking whenever possible. This service will keep your financial information safe and secure, so there is no reason why you should not use it when opening a new bank account online. Read on to learn how to open a bank account online and secure your online bank accounts:
1. Authenticator Apps
You can protect yourself from fraud and identity theft by using an authenticator app on your smartphone. Authenticator apps allow you to log in to your accounts right from your phone, eliminating the need for entering passwords every time you access an account or website.
It’s also a good idea not only when logging in but also when making withdrawals as well. This will ensure someone cannot siphon money out of your account without leaving behind any evidence of their activity on any computer screen or mobile device.
2. Two-Step Verification
While two-step verification is not a foolproof security measure, it is a great way to ensure someone can’t get into your account without the proper credentials. Two-step verification sends a code via text message to your phone when you log in to your bank’s website.
This code changes every 30 seconds, and you can only access your account with this code. When you’re logged in, your bank will send you a text message with a six-digit code which you enter on the login page. If someone tries to log in without knowing the code, they will be denied access, and the bank will cancel the transaction.
3. Back-up Email Address
Another way to protect yourself from fraud and identity theft is by setting up a secondary email address for your account. Such a measure will help if one of your emails gets compromised. You can visit either of these websites: Google Mail & Yahoo Mail.
Alternatively, you can add a security question and answer so that only people who know this answer can use their email address or password to log into your account.
