Preventive Measures To Consider When Opening A Bank Account

With the online revolution and increased smartphone usage, online accounts have become a norm. They are highly convenient if you cannot travel physically to open an account. You save on travel expenses, stress, and fatigue.

Now, you can open a Bank Account online with a physical branch or go to digital banks. The former provides easy opening an account, while the latter offers total online solutions. Whatever you opt for, safety is a concern. Internet Banking has become the primary target for stealing sensitive information. It is necessary to take security measures to tackle them. Here are some of the preventive measures to consider:

Create strong passwords

You need to sign up on the bank website to open the account. For this, you already have the customer ID and password given. You only need to go online and change the provided password. This is crucial whenever you log in each time you do Net or Mobile Banking. Hence, make sure you devise a strong passcode. Avoid using generic numbers, family names, birthdates, etc. Instead, opt for a complex combination of numbers, letters, and symbols.

Check for software updates

The device you use should be updated with the latest software. These are often required to fix bugs and other loopholes. Check whether it is the latest version before opening Savings Account. This way, you avoid any lagging or bugs.

Check the authenticity of websites

You receive several promotional emails for opening an account. These are advertising gigs stating the special offers and facilities provided by banks. However, they involve fraudsters as well. Never click on the provided links for opening the account. Always type the URL manually when doing Net Banking.

Secure data connections

The internet or broadband connection you use affects security too. It is crucial to use trusted and protected networks. Only opt for personal servers. Public WiFis in cafes, stations, outlets, etc., operate in a shared network. These are easy for hackers to use. It is best to avoid them when you open an account on a Banking app or a portal.

Understand bank's security measures

Banks inherently consider premium security steps to ensure your data stays protected. They secure their HTTPS sites, which you check by seeing the lock symbol on the website address. They encrypt your information to avoid stealing information. It is best to examine these minute details while opening the account.  

Use authentic anti-virus programs

These measures fail if your browser and computer are not secured. Install the latest virus and malware prevention software. It blocks out any fraudulent attacks on your device. It also alerts you when you open an unsecured link.