Online banking has become a standard practice. It offers a convenient way to look up account balances, deposit checks, transfer funds, and pay bills from any location at any time of day. However, cardholders need to be diligent about protecting their personal information when accessing their finances. The following tips will keep you safe online.

How to Engage in Safe Online Banking 

1. Update Passwords Often 

Change your bank passwords every few months and make sure you aren’t using the same ones for multiple logins. These practices will reduce the chances of a criminal being able to figure them out. 

The strongest passwords combine uppercase and lowercase letters with numbers and special characters. Avoid incorporating any part of your name or birthdate, as these are easy to find out and guess. 

2. Avoid Public Networks 

Although one of the benefits of online banking is being able to do it anywhere, you should refrain from logging into your account over an unsecured network. Public wireless connections are frequently observed by cybercriminals who can use the internet activity to break into the account and redirect your information to other websites, giving them direct access to your finances. Only use a private network or the bank app on your phone when not at home.

3. Use Antivirus Software 

Protect your online banking information from hackers by downloading antivirus software. This keeps your computer free of viruses and malware, which are often linked to identity theft and fraud. Keep the software updated to ensure it continues working correctly. 

4. Monitor the Accounts

Check your bank accounts regularly to make sure all transactions are ones you’ve made or authorized. This will help you spot any suspicious or fraudulent activity early on and report it before other issues can occur. Many banks also have the option to sign up for alerts that let you know whenever money is withdrawn from or deposited into the account. 

If you’re looking for a positive online banking experience, turn to Putnam 1st Mercantile Bank in Cookeville, TN. You can rely on their sophisticated security measures to keep your financial records and sensitive data confidential. This locally owned and operated bank provides the community with quality services that promote economic success for all clients. Call (931) 528-6372 to learn more about opening an account, or visit them online for more information on what they offer.