Online banking has become my primary means of managing funds and account information for all my corporate and personal accounts. It has become such a normal way of banking that I can’t imagine managing our accounts without it.
The more I use online banking, though, the more aware I become of the need to keep it a safe, secure, and effective. To that end, here is a list of online banking guidelines and tips:
- Use a dedicated computer for online access, one that you don’t use for other Internet-related functions.
- When you travel, don’t use public Wi-Fi for online banking. Use things like VPN or air cards instead.
- Have dedicated IDs and passwords that you only use for online banking.
- Don’t share or write down your IDs and passwords.
- Use strong passwords and change them regularly.
- Don’t use the administrative sign-on for everyday use.
- Avoid using automatic login features that save your user ID and password information.
- Require dual approvals and administrators.
- Determine who needs access to your accounts and tightly control entitlements. Delete users when they leave your organization.
- Utilize email or text alerts to notify you of specific account activity (e.g., incoming wires, balance notifications, etc.).
- Never leave your computer unattended while logged in to online banking.
- Verify the use of a secure session (https://) when logged in to online banking.