Got a bank account on your phone? You’re not alone. Millions of us use online banking every day, but many still wonder how to keep it secure and make the most of the features. Below are real‑world tips you can start using right now.
First thing: use a strong, unique password for each banking app. Mix letters, numbers, and symbols, and avoid birthdays or names. If your bank offers two‑factor authentication (2FA), turn it on – a text code or fingerprint adds a solid extra layer.
Never click links in suspicious emails or texts that claim to be from your bank. Phishers love to copy logos and language to trick you. Instead, open the official app or type the bank’s web address yourself. If you’re ever unsure, call the bank using the number on the back of your card.
Take advantage of features you might be missing. Set up automatic bill payments for recurring costs like utilities or subscriptions – it saves you from late fees. Use mobile check deposit to snap a picture of a check and skip the trip to the branch.
Most banks let you create custom alerts. Get a push notification when a large transaction occurs, when a balance drops below a certain level, or when a direct deposit lands. These alerts give you instant insight and help you spot unauthorized activity fast.
When you transfer money between accounts, double‑check the recipient’s details. A typo can send funds to the wrong person, and getting them back is a hassle. Some apps let you save trusted payees, reducing the chance of mistakes.
Look for high‑interest savings accounts or “cash bonus” offers that reward you for using the app. Many banks give extra interest if you meet a monthly debit card spend threshold – a good excuse to shop online.
Use budgeting tools built into the app. Categorize spending automatically, set monthly limits, and watch where your money goes. This simple habit can reveal hidden savings without a spreadsheet.
Finally, keep your device updated. Operating‑system patches often include security fixes that protect banking apps from new threats. A quick weekly check for updates can keep your digital wallet safe.
Online banking isn’t just convenient; it can be secure and financially smart if you follow these easy steps. Try a few today and see how much smoother your money life becomes.
May, 29 2024
NatWest's online banking app experienced a significant outage, leaving users unable to access their accounts or complete transactions. The bank has not yet explained the cause, advising users to check their social media for updates. This incident underlines the necessity for contingency plans in digital services.