Necessary Security Practices To Follow With Mobile Banking

By Author: arjit
Total Articles: 20
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A smartphone, with online access, has become a necessity in modern-day life. It has become a medium to connect to the world at large and find answers to questions that intrigue you. Besides connecting you to your loved ones, smartphones and the internet have reimagined how banking happens. Banking today has become more accessible and easier to work with, thanks to Mobile Banking apps.
Whether you want to transfer funds, make repayments, or invest, it gets done at your fingertips through a Banking app. The usage of such apps is rapidly increasing. Since they are becoming a primary mode of your banking activities, you need to ensure their security. Banking apps are 100% safe and secure to use. However, observe caution. Following are necessary security practices to adopt to secure your Banking app:
Download the verified app
Firstly, download only a verified Banking app. There are several fake apps listed online, so do not download them. Always check for the bank's name and logo accuracy when downloading the ...
... app. You can also follow the app link on the bank's website to download the Personal Banking app. Generally, most apps are created to cater to both android and iOS systems. This ensures the app is easily accessible for all.
Set a solid password
You need to set a password to access your Banking app. Set a solid password to secure your banking activities. Keep the password confidential, refrain from revealing or writing it down.  Avoid having your name or birthdate as your password. Such information is readily available on your social media platforms, making it easy for anyone to guess them. Have a unique combination of numbers and characters as your password. Change it often as a security precaution.
Have an added protection
Have a two-factor authentication system for your Mobile Banking activities. When you log in and make a transfer, you need to enter a one-time password on your registered mobile number. A new OTP is issued every time you use your Banking app. This ensures that no one has unauthorised access to it. Remember to register your mobile number and email address with the bank to receive alerts and other necessary notifications.
Approach the bank
If banking fraud happens, inform the bank immediately. Only when the bank is aware can they take the necessary steps to help you. Block your accounts and Debit or Credit Cards linked to the Banking app. This safeguards the funds in your account.