Online banking has become an essential part of our lives. It has made traditional banking easier and more convenient. Online banking option helps us manage our finances from the comfort of our homes. However, no matter how fascinating it may sound, online banking comes with its own set of cons. Some major risks associated with online banking are online theft of your user ID/Username, password, virus attacks, hacking, unauthorized access, fraudulent transactions, etc. 

The increasing prevalence of cybercrimes and other cons has made it imperative to take necessary precautions when using online banking services. To help you stay safe, here are some secure online banking tips to protect your financial information and keep your online money transfers safe.

Secure Online Banking Tips
If you have an account in a digital bank or you prefer online banking, follow the below-specified steps to stay safe: 

1. Use a strong password: A strong password is the first defense against cyber threats. Your password should be at least 8 characters long and include a combination of uppercase and lowercase letters, numbers, and symbols. Avoid using easily guessable information like your name, date of birth, or social security number. Additionally, don’t use your password with anyone and avoid typing in front of anyone. 
2. Use two-factor authentication: Two-factor authentication adds an extra layer of security to your online banking account by requiring you to enter a unique code in addition to your password. This code is usually sent to your mobile device and helps prevent unauthorised access to your account. This is a very important step to implement. 
3. Monitor your account regularly: Regularly checking your account activity can help you detect any suspicious transactions or unauthorized access. Also, if you notice any unusual activity, report it immediately to your bank and consider changing passwords. 
4. Avoid public computers and public Wi-Fi: It is again one of the most important steps. Avoid accessing your online bank account from public computers, such as those found in cybercafes or libraries. These computers may have malicious software installed that can steal your login credentials and other sensitive information. The chances of hacking are more on public computers or Wi-Fi. 
5. Don’t save login credentials:  Avoid saving login credentials on your device, even if it’s a personal device. If your device is lost or stolen, your online banking information could fall into the wrong hands. It is recommended to always type out your details. 
6. Verify the authenticity: Whenever you’re using a net banking link, make sure to verify its authenticity.  
7. Don’t click on any links: The last and most important precaution is not to click on any link received on your email ID or text message as this may lead to some fraud or unsafe page. 

Conclusion
Online banking is a convenient way to manage your finances, but it’s important to take necessary precautions to protect your financial information. By following these secure online banking tips, you can keep your money safe and minimize the risk of cybercrimes.