Based on a study, over 150 million US consumers do not bank online, and most of them for the wrong reason. Despite the advancement in technology, there are still many people who believe that online banking is not safe. Actually, online banking and online bill payments are considerably safer compared to the old banking method.
Almost all banks with an online presence also have a sophisticated system to protect their online customers. The fear actually comes from spoofed and fake emails that are made to look like they come from the bank. However, banks have nothing to do with them. When it comes to online banking safety, makes sure that you understand the policy of your bank thoroughly.
In your own special way, you can protect your online account by protecting your password and memorizing them instead of writing them down, be wary of suspicious emails that appear to be coming from the bank, use firewall protection and anti-virus protection and do not hesitate to get in touch with your financial institution. Online banking can both be a safe and convenient way to manage your finances but the necessary precautions should be taken to make certain of the safest online banking possible.