Not only young people are taking advantage of the nation’s digital banking trend. The full potential of NetBanking platforms and Mobile Banking Apps is available to even the most youthful individuals.
However, because most elders lack familiarity with modern technologies, banking fraud frequently targets them. However, this is optionally the case. Seniors can avoid falling prey to these frauds by taking simple safety precautions. In this post, you will learn the tips for senior citizens for online open saving account and using:
Mail and SMS Fraud
An email or SMS claiming to be from someone offering a highly profitable business opportunity or telling you that you have won the lottery is a scam.
Never open any links in emails or messages of this type or phone any number that may be mentioned, as you could become the next banking scam victim.
As a general rule for navigating the digital world safely, avoid believing any offer that seems too good to be true. Clicking on links in emails from senders you trust is a good habit.
No Information Exchange
Your online banking credentials should never be shared with third parties. Do not give up your account ID or password if someone calls claiming to be an executive from your bank. Banks or other financial institutions will never ask for your account credentials, including password and OTP.
Unique Passwords
Using the same ID and password for all your accounts is a typical behavior among people, especially seniors. If the login information for any of your other accounts is compromised, your other accounts are all at risk.
Make sure your passwords are difficult for fraudsters and scammers to figure out by using unique ones for each account. Consequently, better ideas exist than using your name and birthdate as your password. So, when you decide to online open saving account, choose unique passwords.
Logging in Tips
In the address bar of your web browser, always enter the URL of the bank’s official website. Never attempt to access your bank’s login page by clicking on strange links you see online.
Log out of the NetBanking platform and exit the browser window or app after you use it. Never leave your account logged in when leaving a computer, smartphone, or other device. Use the App Store or Play Store exclusively to download the Mobile Banking App.
Say No to Free WiFi in Public
Public WiFi, accessible at eateries, airports, etc., never offers 100% security. Therefore, never log into your digital banking account using these open networks, even if you use them for social media, online browsing, or YouTube videos.
You may find yourself giving a hacker access to your account information if the public WiFi network is compromised. In these situations, choose your personal cell network over free WiFi.
2-Way Security for Bank Account
Most reputable banks require customers to enable two-way security, also known as two-factor Authentication, for their online accounts.
Customers using this functionality to access their Digital Banking Accounts must supply two authentication factors. If your bank has this feature, turn it on immediately.
Final words:
The above points help citizens to use online banking safely. So make sure before you online open saving bank accountthat you have these points in mind as a senior citizen for better user experience.
