Easy ways to secure your bank account everyday

There's no doubt that online banking has changed the way we manage our money, particularly during the Lockdown. Unfortunately, the risk of fraud is real. Every day, criminals find new ways to access our details, bank accounts, and social media profiles. But, don’t let that stop you from banking online.

In this blog post, we'll look at a few easy ways you can secure your bank account and bank without stress. All the features are available on your online banking profile.

Is your bank account is safe? Here's what you can do:

Here are a few safety essentials that we recommend to keep your accounts safe and secure:

  • Manage your passwords.

    The first step to banking online safely is to choose strong passwords that are easy to remember. Change or update your password regularly (especially if you were a victim of fraud). Remember to choose a strong password consisting of numbers, lower and upper case letters, and symbols. Avoid including birth dates and pet names. These are easy for criminals to figure out.
  • Set up your online banking limits.

    It's important to set up limits to ensure that if your bank account is compromised, it won't be drained. Make sure you set up an ATM withdrawal limit and a point-of-sale limit. You can manage your limits on your App or via your online banking.
  • Set up SMS alerts.

    Opt in to receive an SMS when you swipe your card, when your account is debited, and for any other time that money leaves your account. It’s a free and easy way to stay on top of your finances.

Tips to bank safely online

In today's digital age, criminals have found sophisticated ways to break into our accounts and gain access to our money and personal data.

Here's how you can protect yourself:

  • Ensure your security software and features on your computer or phone are up to date.
  • Don't click on suspicious links in SMSs and emails.
  • Use different passwords for each online profile, from your social media to online banking and shopping.
  • Use Multi-Factor Authentication wherever possible. This means combining your username and password with extra protection, such as a One-Time Password (OTP) app on your phone.

Knowledge is power!

Banking online is extremely useful and safe, so don't feel discouraged due to security threats. Today, online banking profiles are secured with really reliable software and features such as SSL Encryption and multi-factor features. And, by adopting a few simple safety habits, your bank account and your details will remain safe and secure.

Latest on African Bank Stories

Maria uses her winnings to pay for her child’s school fees.
Fulufhelo entered our Re Ja Joy competition and shares her story about how the winnings helped her become debt free.