Whether checking your balance, depositing a check, or transferring funds, mobile banking apps use advanced technology to keep your information safe.
Why Mobile Banking is Safe
- Encryption
Mobile banking apps use encryption to protect your personal and financial data. This means that your information is turned into a code that is nearly impossible for hackers to read.
- Multi-Factor Authentication (MFA)
Many banks require more than just a password to access your account. They might send a one-time code to your phone or email that you need to enter in addition to your password. This adds an extra layer of security.
- Biometric Authentication
Some mobile banking apps allow you to use your fingerprint, face recognition, or voice ID to log in. These methods are highly secure because they use your unique biological features.
- Real-Time Alerts
Most mobile banking apps send you real-time notifications when there’s activity on your account. This way, if something suspicious happens, you’ll know right away and can take action.
- Bank-Level Security
Banks invest heavily in security measures to protect your money. Mobile banking apps are designed with the same security features that banks use for their websites and in-branch transactions.
Best Practices to Stay Safe While Using Mobile Banking
Even though mobile banking is safe, there are a few simple things you can do to further protect yourself. Here are some best practices:
- Use Strong, Unique Passwords
Make sure your password is long, unique, and includes a mix of letters, numbers, and special characters. Avoid using easy-to-guess passwords like “password123” or your birthday.
- Turn on Two-Factor Authentication (2FA)
If your bank offers two-factor authentication, make sure to turn it on. This adds an extra step when logging in by requiring a code sent to your phone or email.
- Update Your App and Device Regularly
Make sure your banking app and your phone’s operating system are always updated. These updates often include important security patches that protect you from the latest threats.
- Use Secure Wi-Fi
Avoid using public Wi-Fi networks (like in cafes or airports) when doing your banking. Public networks are less secure and can be easier for hackers to access. Instead, use your mobile data or a private, secure Wi-Fi connection.
- Log Out After Banking
When you’re done using your mobile banking app, log out to ensure no one can access your account if they get a hold of your phone.
- Monitor Your Accounts Regularly
Check your bank account frequently to make sure there aren’t any unauthorized transactions. If you notice something unusual, contact your bank immediately.
- Set Up Alerts
Most banking apps let you set up alerts for things like large withdrawals or low balances. These alerts can help you quickly spot any suspicious activity.
- Don’t Share Personal Information
Never share your banking information (like your password or PIN) with anyone. Also, be cautious of phishing scams—fraudulent emails or texts that try to trick you into giving up your personal information. Always verify that communication is from your bank.
Stay Safe, Bank Confidently
By following these best practices and relying on the strong security features built into mobile banking apps, you can enjoy the convenience of managing your money remotely with peace of mind. If you’re ever unsure or need help, your bank’s customer service team is just a phone call or click away.
Have questions or need assistance?
If you have questions about this topic or need assistance with your banking needs, please speak to one of our knowledgeable staff at your local Bar Harbor Bank & Trust branch. We’re here to help you build a solid financial future.
