Internet Banking – Safety and Convenience Tips

Male hand holding credit card in front of laptop.

Internet banking has come a long way and provides a plethora of conveniences. And if you think about it, you may wonder how you got all of your banking done before the internet! However, while you get a multitude of advantages, you also have to keep in mind the security of your financial information. Here are a few tips that will enhance your safety and convenience when banking online.

Choose a strong password

We know that people get frustrated because they have to have multiple passwords for every online portal from work to banking to exercise apps, and some will need to be changed on a regular basis. While this may seem like a hassle, it's vital for the safety of your financial information that you keep these current and have a strong password. 

Make sure that you don’t choose an obvious password like your last name and birthday, and that you pick unique phrases that aren’t easy to guess.

As FedFinancial works diligently to further strengthen the security of our internet banking, we'll be requiring members to use three character types for their Net Teller password the next time you are prompted to change your password:

Upper case letters
Lower case letters
Numbers

Users will have an option to add a special character, if desired, but this is not required. By taking proactive password creation measures like this, we can provide our members with better security that can prevent breaches into your personal information.

Use a secure location to access your account

You should always access your online banking account from a location that uses a network that you trust, as well as from a computer that you’re familiar with. If you have to access your information from a remote location, consider setting up a Virtual Private Network.

And don't forget to log out of your account when you're done!

Monitor your account

Because you can access your account 24/7, you should take advantage of monitoring it on a regular basis so that you can catch any strange activity right away and notify your financial institution. If you don’t have the chance to monitor your account as often as you would like, then consider setting up notifications. FedFinancial offers free automated alerts for a variety of situations such as upcoming loan payments, maturing share certificates, user and password changes to account, low account balance and large transaction amounts.

Bank with a reputable financial institution

Your financial institution should have state of the art security measures in place to help protect your information so that you can rest easy and enjoy all of the conveniences of online banking. FedFinancial takes your online safety seriously and will keep you up to date on the latest security protocols and the active steps we take.

If you want to learn more internet banking safety and convenience tips or have other financial needs, then reach out to FedFinancial today by calling (301) 881-5626 or simply email us and we'll promptly respond!

 

The National Credit Union Administration provides additional online safety and security information on their website (https://www.mycreditunion.gov/fraud/Pages/online-security.aspx).  We encourage you to visit the site so that you may become even more informed about this important topic.

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