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Mobile Banking: You Don’t Have to Give Up Safety for Convenience

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October is National Cybersecurity Awareness Month! Ensure you’re protecting your information with these tips on how to use mobile banking securely.

Mobile banking is growing in popularity. These easy-to-use apps make it possible for you to take care of time-consuming banking tasks on your smart phone or tablet – anywhere, at any time. If you’re busy and would like to cross an errand off your list, you might want to download your bank’s app right away. Before you do, make sure you take proactive steps to safely use these technologies.

What is Mobile Banking?

Mobile banking, whether by text message, mobile-enabled internet browser or mobile app, offers an easy way to handle routine banking tasks on your smart phone or tablet that previously required a trip to the bank.

Mobile Banking Safety

You don’t have to give up safety for convenience when it comes to mobile banking. Here are some pointers and quick tips to prevent or avoid risks.

  • Your bank’s app. Ensure that you’re using your bank’s mobile banking app by downloading the app on the bank’s website or on websites recommended by your bank. Avoid untried third-party app stores, which may feature fake apps designed to access your information.
  • Secure links. Before downloading a mobile banking app, check with your bank to make sure its software uses secure hyperlinks to block unauthorized account access.
  • Protect and monitor: Make sure your mobile device is password-protected, set up user authentication questions for your account, and monitor your account’s activity to protect against identity theft or data breaches. If you believe your mobile device is lost or stolen, notify your bank immediately.
  • Private Wi-Fi: If you use a Wi-Fi network to access your mobile banking app, make sure you’re using a private internet connection to prevent improper access to your information.
  • Safeguard. Safeguard your mobile device by downloading anti-virus software, and remember to update software for your smartphone, tablet and app.
  • Information requests: Your bank will never email or text you requests to provide personal or financial information. You should only provide such information over the phone if you’re the one placing the call. If you receive an unsolicited request, report it to your bank as soon as possible.

Quick Tips

  • Use the official bank website, or a website recommended by the bank, to download its mobile banking app.
  • Always use safe encryption technology.
  • Password protect all of your mobile devices.
  • Set up data authorization and user authentication for your mobile banking account.
  • Don’t store personal or financial data on your mobile devices.
  • Only use private internet connections.
  • Continually monitor your bank account for suspicious activity.
  • Never give out personal or financial information unless you’re contacting the bank.
  • Use antivirus software and check for software updates for smartphone, tablet or app.

Mobile banking makes banking easier. You can benefit from the convenience by taking simple precautions that will make your mobile banking experience safer.

For information on Revere Bank’s secure mobile banking app, call or visit any Revere Bank branch office. To get the app, log in to E-Revere Online Banking or visit the App Store on iTunes or Google Play and search for “Revere Bank.”

This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this material. Websites not belonging to this organization are provided for information only. No endorsement is implied.

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