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IndianMoney Review : Mobile Banking Safety Tips Research Team | Posted On Monday, December 10,2018, 05:06 PM

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IndianMoney Review : Mobile Banking Safety Tips



With the advent of technology, transferring money from one bank to another is really easy. There is no need to visit banks each time you want to deposit money. With the help of mobile banking, you can transfer money with just a click of a button. This service is available throughout the day and there is no time limit for transferring the amount.

After demonetization, people using mobile banking in India have increased dramatically. While many people are using mobile banking to transfer money, there are also many cases where people have lost hard earned money to mobile banking frauds. IndianMoney review says that it very important to be extremely careful while using mobile banking, as fraud is on the rise.

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What is mobile banking?

Mobile banking is a service offered by banks to customers which allows them carry out financial transactions using mobile phones.

Mobile banking advantages

1. With the help of mobile banking, you can transfer money from one bank account to another, using your smartphone and the internet.

2. This service is available on all days of the week including Saturdays, Sundays and public holidays.

3. Mobile banking has no restrictions on transferring money. It offers various other services like bill payments, checking account balance and so on.

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Mobile banking disadvantages

1. IndianMoney reviews say that the common problem of mobile banking is the security of account information stored on the mobile phone.

2. If you use mobile banking regularly, you will be charged extra by the bank for the service.

3. Many mobile banking users get fake SMSes which ask them to disclose financial information.

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Mobile banking safety tips: IndianMoney Review

1. Develop the habit of setting a screen lock

IndianMoney reviews say that it is always good to lock your smartphone with the screen lock feature. This will help keep personal and sensitive banking information safe, if you ever lose your phone. Fraudsters can access all the information stored if you do not lock smartphone with screen lock. Almost all phones have the screen lock option.  You can either set a screen lock pattern or a 4 digit pin.

2. Set a secure password

If you are using mobile banking, make sure to protect account information by setting a strong and unique password for mobile banking apps. A password keeps your data safe from hackers. Many people keep their name, birthday and phone number as passwords. But, it is not a good idea as these kinds of passwords can be hacked very easily. If you want to keep money safe, your password should be a mixture of small letters, capital letters, and numbers. You must change passwords often.

3. Install antivirus app

There are many mobile antivirus apps available in play store which can help protect your smartphone from viruses. Installing any good antivirus app in your phone keeps personal information safe from fraudsters. These are just like the antivirus software installed in desktops and laptops.

4. Download apps from official app stores

Recently, many fake bank apps have stolen the data of thousands of bank customers. These apps look similar to original bank apps. You must be very careful while downloading any bank apps. IndianMoney review says that you have to find out all the information about an app on the Internet, before downloading. Make sure to download only from official app stores.

5. Avoid connecting to the public Wi-Fi

Many people are not aware that connecting to public Wi-Fi while conducting mobile banking transactions, mean hackers can easily steal your data. Hackers can introduce malware into your device through an unsecured connection. As per IndianMoney reviews, it is not a good idea to connect to public Wi-Fi while carrying out mobile banking transactions.

6. Never save login details on the phone browser

Never save login details on the mobile browser while logging in to mobile banking or net banking sites. Usually, you will receive a pop-up message from your phone browser asking for permission to save login details. Do not accept. Hackers can easily hack bank account if you save login details on the mobile browser.

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