Mobile banking is gaining immense popularity amongst the smartphone users. It is advantageous for the bank customers. It is safe to use mobile banking but you need to follow certain practices such as being careful and intelligent while using it.
We can see how mobile banking is becoming useful and common amongst people all over the country. Out of ten, almost eight persons use mobile banking services. But what about the ‘what if’ risk factor? Is it really safe to use mobile banking? Let us understand with respect to each situation.
Mobile banking through SMS
SMS banking is used for knowing the account balance or other transaction. For example, you need to send the code BAL and you will receive a message from the bank containing your current account balance. It is only you who can provide these instructions to the bank. Hence, there is no need to worry.
But we will provide you a word of caution. If you receive any spammed messages from the bank asking for your PIN, account number, then do not reply to them. You must not entertain such messages.
Mobile banking through Web
You can access your bank account through the special mobile screens as formulated by banks. Mobile browsers are safer than the browsers of laptops or personal computers. There is no need to fear of your passwords getting hacked. But you need to check the websites that will appear like your bank’s official website. Hence, you must always set a secure identification image or number for such purpose. If you feel that the website doesn’t appear to be like that of the bank’s official website, then kindly do not login your details. There are chances of your passwords getting hacked. You must also not entertain phishing mails asking for your bank account details. Banks never ask for personal information of the customers such as debit PIN, password, etc.
You can implement some measures to avoid mishaps. You should not follow irrelevant links provided by the web browser. You can even save the link of the bank’s site as a bookmark and access through it.
Mobile banking through Apps
Just like apps of shopping sites, mobile banking apps are becoming a need for everyone’s smartphone. With this app, you need not access the bank’s official website every time you want to login and transact. These apps provide ease in installation and are faster than the website. You can navigate through the options easily as compared to the website. These apps are secure and phishing scams are less. But one needs to take care of the phone. It should not be given in the wrong hand.
Thus, mobile banking can be done through different ways. But you should be alert while performing banking transactions. You must always remember the common secrets of safe mobile banking. Some of these tips are setting a password for the phone, not saving banking passwords on the phone, not logging automatically, not sharing account details and secret information. Lastly, if your phone is lost, take action immediately.