Friday 22 January 2016

Mobile Banking & 4 Safety Pointers, From Bob Jain

By Paul Martinez


Mobile devices are nothing short of tremendous, which makes sense given how most of us have access to them. However, did you know that the devices in question can be used in order to take care of banking? Bob Jain can attest to this, given the popularity of mobile banking in recent years. With that said, in order to make this endeavor safer on your end, here are 4 of the best talking points that you would be wise to cover.

One of the things to know about mobile banking, according to names like Bob Jain, is that your connection matters. Some connections are more secure than others, as some pieces of information are not going to be freely distributed. For this reason, you should try to go about your banking in an area where your connection is more secure, as fewer people can get into it. This is just one pointer that's worth looking into.

You should also be mindful of the PIN you decide to use for your bank account. Most consumers are smart about this, since they use codes that they can easily memorize without being too obvious. For example, "1234" is probably not going to be your best bet from a security standpoint. However, if you go with something that's a bit more cryptic, all the while able to be deciphered by you, chances are that you can go about mobile banking safely.

What if your bank has an official app that you can download? Many of these programs have added security measures, not to mention additional features that can help you with your banking in general. The best part about apps is that, more often than not, they are designed to appeal to everyone, regardless of their financial savvy. If your phone has the space for it - and the likes of Bob Jain Credit Suisse can agree - download the app.

Lastly, understand that not all messages in your inbox will be the same. After all, some will come from companies that aren't as reputable, which makes sense when you think about the process known as phishing. When people masquerade as legitimate companies, they stand a great chance of negatively affecting one's financial situation. In order to go about mobile banking in a safer way, make note of sites that aren't what they seem.




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