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Mobile Banking Tips: 8 Things To Consider While Banking Via Smartphone


Gone are the days when we had to visit banks to manage our funds. Smartphones have solved this trouble by allowing us to manage our funds while sitting at home or office. Nowadays, most of us use our smartphones for mobile banking for which, we enter some crucial information such as bank account numbers, passwords credit card details etc. on our smartphones. Mobile banking is indeed a very convenient task but ever wondered what will happen if this information is hacked or leaked? What if your smartphone is lost?

If you frequently use your smartphone for mobile banking, then you ought to take some measures to protect your crucial data. Read on to find out 8 mobile banking tips for secure and safe banking via smartphone.

Mobile Banking Tips -2


Mobile Banking Tips

Try these simple tips for a safe and secure mobile banking experience.

1. Use a PIN or Pattern To Lock Your Smartphone

Always put a screen lock on your smartphone using a PIN or pattern whichever you think will be easier for you to remember but difficult for others to judge! You can also enable automatic screen lock on your phone which will lock if it is left unattended for some time. It will protect your phone from unauthorized access by some other person. Some smartphones come with fingerprint scanner which you can use to maintain the privacy of your smartphone.

2. Update Software And Banking Apps Regularly

Besides new features, software updates sometimes come with some improved privacy controls which protect the device against malware attacks. Make it a practice to download software updates as soon as they are released. Also update your banking apps regularly. You can enable automatic updates but certain apps need to be updated manually. Keep track of such apps and update them regularly.

3. Download Apps From Trusted Stores

Always download applications from trusted sources such as Apple store for iPhones and Google Play store for Android smartphones. Also make sure to check the rating and comments as well as privacy policy while downloading apps. Avoid downloading apps from unknown websites.

4. Download Anti-Virus App

Download an anti-virus app with good ratings on your smartphone. There are numerous anti-virus apps that are available on app stores for free. Make sure you check the rating of the app before downloading it since there are many fake apps available that infect the devices instead of protecting them from malware.

5. Turn Off Bluetooth/Wi-Fi/Location Services When Not In Use

Make sure you switch off Bluetooth/Wi-Fi/Location services on your device when it is not in use. Not only will it save a lot of battery juice but it will also keep your data safe by restricting hackers from accessing information on your device.

6. Log Out of Websites After Making Payments

Mobile banking is convenient but make sure you log out of the website once the transaction is complete. If you don’t logout, there is a possibility that an authorized person on having access to your phone may use the same information to make payments. So logout out of the website immediately after making transaction and avoid saving passwords on your device.

7. Use Strong Passwords & Change Them Frequently

Never use your name, birthday or any such information as your password which can be judged by others easily. Always use strong passwords with combination of alpha, numeric and special characters. Also change your passwords frequently.

8. Report Suspicious Activity

Inform your bank immediately if some suspicious activity such as unknown transaction takes place.

Also Read: 12 Credit Card Safety Tips

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