4 Ways to Safe Online Banking for Seniors
1. Keep on Top of Things
Currently, about 15 percent of the Union Bank of Californiaa??s online business comes from people 55 and older. Convenience is one of the reasons according to the bank. Seniors that don't drive anymore or have limited access to transportation can do their banking or pay bills at home. They also can do so on their own schedules, an increasingly important factor as the senior population gets busier and remains active longer. One of the fastest growing trends for seniors is online banking. The convenience of paying bills online, checking your account, and transferring funds has more seniors jumping on the Internet. It saves both time and energy.
Frequent online monitoring of your bank accounts will help to detect and stop fraud. Look at the images of the checks you have written to be sure they are yours. Use email alerts in your online banking account to notify you of account activity, such as billpay transactions, balance thresholds, transaction size, and account transfers (both within your bank and between institutions).
2. Enroll in Online Statements
For all your financial accounts, enroll in online statements and choose to receive your monthly account statements online instead of receiving a monthly paper statement. Research indicates >10% of identity theft is caused by stolen mail or trash.
3. Use Industrial Stregnth Passwords
Use strong passwords for your online accounts and change them often. Don't use your phone number, birth date, or name in user names and passwords. Make sure passwords use a combination of letters, numbers, and other characters.
4. Get 'er Done Safely
When you are finished with your session of online banking, logout. To be even more secure, you can close your browser to make sure that the pages you were looking at are cleared.
Currently, about 15 percent of the Union Bank of Californiaa??s online business comes from people 55 and older. Convenience is one of the reasons according to the bank. Seniors that don't drive anymore or have limited access to transportation can do their banking or pay bills at home. They also can do so on their own schedules, an increasingly important factor as the senior population gets busier and remains active longer. One of the fastest growing trends for seniors is online banking. The convenience of paying bills online, checking your account, and transferring funds has more seniors jumping on the Internet. It saves both time and energy.
Frequent online monitoring of your bank accounts will help to detect and stop fraud. Look at the images of the checks you have written to be sure they are yours. Use email alerts in your online banking account to notify you of account activity, such as billpay transactions, balance thresholds, transaction size, and account transfers (both within your bank and between institutions).
2. Enroll in Online Statements
For all your financial accounts, enroll in online statements and choose to receive your monthly account statements online instead of receiving a monthly paper statement. Research indicates >10% of identity theft is caused by stolen mail or trash.
3. Use Industrial Stregnth Passwords
Use strong passwords for your online accounts and change them often. Don't use your phone number, birth date, or name in user names and passwords. Make sure passwords use a combination of letters, numbers, and other characters.
4. Get 'er Done Safely
When you are finished with your session of online banking, logout. To be even more secure, you can close your browser to make sure that the pages you were looking at are cleared.
ybmail0001 - 23. Aug, 13:12