1If you visit your bank’s website using your phone, make sure to clear out the cookies and cache regularly. Never store any usernames or passwords in your phone, regardless of how difficult they are to remember. If you were to lose the phone where this information is stored, someone could easily access your bank account. It is also important to change your password regularly.
Sign up for SMS alerts
Most banks offer text message alerts via SMS about a low balance or a paid bill. Receiving alerts on your phone is a great way to stay on top of your account activity around the clock.
Before downloading an app, check its authenticity
Most banks offer tailored mobile banking applications to their customers, which can be downloaded to a smartphone and used to manage bank accounts. Unfortunately, this has also invited potential fraud in the form of carefully duplicated applications created by scam artists. Before downloading any app to your phone, ensure it’s an authentic application released by your bank. Avoid third party software that asks for any personal information if you can’t verify the source. While most apps are legitimate, it never hurts to be too careful.