Is Online Banking safe?
We take security seriously. Your financial information is protected by your Personal Access Number and Online Banking password, our 128-bit encryption code and automatic time-out. Your Personal Access Number and Online Banking password must be entered each time you logon to Online Banking. If there is no activity after a short period of time, your Online Banking session is terminated to prevent unauthorized access.
Banks now make it possible for customers to do most of their banking online, paying credit cards, utilities, loans, mortgages, and even transferring money between accounts. Customers can save postage, paper, time and gasoline, and that’s just good business. But with fraud and identity theft on the rise, is online banking really safe? Given a few precautions, the answer is probably yes. To bank online a customer first sets up login credentials at the bank’s website. Once logged in, the customer can access all of his or her accounts at that institution along with relative statements or bills. With a few clicks of the mouse a payment can be made by transferring money from a savings or checking account. The savings or checking account need not be at the same institution. The customer supplies the bank account number and a bank transfer is initiated between the two institutions. A secure environment is provided for online banking, noted by the https at the beginning of the website’s address
Online or I-banking security parallels most of traditional banking’s safety features. Even though technology changes rapidly, the ideas stay the same. Consider what we’re used to seeing at our local bank branch office: Offices Designed to Protect Cash When you walk into your bank, it looks and feels secure. There’s a heavy vault door, and the tellers sit behind a protective counter. The back area remains locked and well supervised. Your bank may even have a guard in the lobby. Identification and Procedures If the teller doesn’t know you, you will be asked for ID–and a supervisor may have to approve your transaction. There are policies and regulations about everything, even confidentiality. For instance, ask a teller for your balance, and the answer is written, not spoken. Your Responsibility For your part, you pay attention to the whereabouts of your checkbook and ATM card, and you keep your PIN a secret. Every month you check your statement to be sure the bank’s accounting matches yo
We take security seriously. Your financial information is protected by your Customer Identification (CIF) Number and Online Banking password. Our 128-bit encryption code and automatic time-out also ensures that your information is safe. Your CIF Number and Online Banking password must be entered each time you log-on to Online Banking. If there is no activity after 10 minutes, your Online Banking session is terminated to prevent unauthorized access.
Online Banking is very safe. We’ve taken every step possible to be sure our system meets the latest security standards, including using the most up-to-date encryption methods, software and firewalls. In addition, your actual account number is not sent across the Internet. Back to top | Share this question.
