Online banking security: protecting your account and your money

Handling money online is convenient – and safe, once you know a few ground rules. Here is how to protect your account and your cards.

Handling money safely

Paying online and moving money from the sofa is normal now – and as long as you follow a few ground rules, it is safe. The most important ones: always open your bank yourself, never through a link in an email or text; only approve a transfer when the amount and the recipient in the approval message are right; and never give out your credentials on the phone. No real bank asks for them.

This is where you set banking up properly and learn to spot the most common money scams.

Paying, and getting money back

The most important security decision happens at checkout: some payment methods come with a way to get your money back, others leave you on your own.

Spotting financial fraud

Money attracts scammers. Here is how to see through a bad offer before you send anything:

In an emergency:

Securing the account from the ground up

The best banking protection starts before the first transfer: a unique password plus a second factor, on your bank account and your email account. How to do that is in passwords and two-factor authentication . If your details turn up in a breach, identity protection takes it from there.

Protection, not investment advice We help you protect your account and your cards and recognize fraud. We give no investment or trading advice and recommend no financial products. If someone promises you “safe” high returns, that is almost always the warning sign itself.

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