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Is Mobile Banking Safe?

walter — Mon, 16 Apr 2012 14:45:40 +0000

Personal financial security is in the front of many people’s minds these days, and with good reason. If you’ve ever had your credit card or debit card number compromised, then you know how much time and effort it can take to restore whatever funds were taken from your accounts. In some cases, it can take months or even years to clear up the damage that a compromised account may have caused to your credit reports. Today there are an increasing number of ways that we need to be vigilant in protecting our financial information. For example, as more of us...

Online Banking Security Advice

walter — Wed, 21 Sep 2011 14:37:05 +0000

Online banking is one of those modern conveniences that many of us can’t imagine living without. It just makes our lives so much easier. Things that once required a trip to the bank, or at least a phone call, can now be done with a few clicks of a mouse. But all that convenience does come with some drawbacks. The popularity of online banking has opened new doors for criminals, making identity theft and bank fraud easier to commit. The banks are responsible for making their websites as secure as possible, but it’s up to account holders to use good...

Watch Out for These New Phishing Scams

walter — Thu, 21 Jul 2011 14:25:41 +0000

Phishing scams have been around nearly as long as the World Wide Web, and they’re still going strong. Scammers are constantly coming up with new ploys to get our personal information, including website passwords, Social Security Numbers, bank account information and more. This helps them commit a variety of criminal acts, such as hacking, bank fraud and identity theft. There are many different types of phishing scams, but there are certain rules that can help protect you from most of them. First, if you receive an email purportedly from a bank or other entity with which you do business asking...

Managing Your Checking Account with an Online Bank

walter — Mon, 20 Jun 2011 18:09:11 +0000

Online banking has made our lives much easier. We can check our balances, pay bills and make deposits from home, work or anywhere else there’s a computer. Still, a majority of consumers prefer to work with a bank that has a branch in their area in case the need arises to do some of their banking in person. But with advances such as direct deposit and easy transfers, online-only banks are growing in popularity. Their fees are often lower, and their interest rates more favorable than banks that have multiple physical locations. When it comes to checking accounts, online banking...

Tips for Creating a Secure PIN

walter — Sat, 21 May 2011 16:02:28 +0000

Personal Identification Numbers, or PINs, have been in use since the late 1960s. These simple numeric codes provide added security for a variety of activities, including accessing voicemail and obtaining information about unemployment claims. But their most common use is as a password that allows you to use a debit card or withdraw money from an ATM. A good PIN is easy for you to remember, but difficult for someone else to guess. That way it helps minimize your losses if someone steals your credit or debit card or otherwise gets access to its number. Here is some advice and tips...

Heading Off ID Theft

walter — Thu, 14 Apr 2011 17:35:43 +0000

Identity theft is something that we all hope will never happen to us. But ID theft has become the crime of choice for many criminals due to the fact that by the time it is discovered, the damage is already done and it can be very difficult to track them down. Despite increased awareness and tougher laws, identity theft isn’t going to disappear any time soon. No one is completely immune to having their identity stolen. But taking some simple precautions will greatly reduce your risk of becoming a victim. Here is advice on what precautions you should take to prevent...

The Pros and Cons of Direct Deposit

walter — Mon, 28 Feb 2011 16:17:07 +0000

Direct deposit has been an option for receiving paychecks and other funds for a few decades now. While there are still some employers that do not offer it, many require their employees to accept their pay this way. Those who receive funds from the government may also find that setting up direct deposit is mandatory. Some people are hesitant to sign up for direct deposit because they do not understand it. And while it is generally a good thing for all parties involved, there are some minor disadvantages to consider. Here's a summary of the pros and cons of direct...

Tips for Making Online Banking Work for You

walter — Wed, 24 Nov 2010 18:46:07 +0000

Chances are you’ve seen advertisements in magazines or on the internet for online banks, touting the high rates that they pay on savings accounts and perhaps also the low rates they charge for mortgage loans along with the convenience and time savings associated with paying your bills online. Many people have found that online banking can be an important part of their financial strategy. If you haven’t set up an account with an online bank, there are several points that you should consider to make sure that you find the best bank for your needs and goals. If...

The Basics of Using an Online Only Bank

admin — Mon, 27 Sep 2010 14:16:25 +0000

Many of us already have savings or checking accounts at banks that offer online services. With online banking through our local banks, we can check our balances online, transfer money between different accounts, and pay our bills. But did you know that there are some banks that only offer accounts online? At first glance, you might wonder why someone would open a savings or checking account with a bank that they can’t actually visit in person. The answer is money. Because online banks do not maintain physical locations they can keep their costs very low, and...