Smart Phone Banking

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With a smart phone and a bank’s apps, you can review your current balance, make payments, and deposit a check into your bank account simply by snapping a picture of it. The speed and convenience are unbeatable. At the same time, you may be wondering how safe it is to do all that from your phone.

The answer depends on the security precautions you take. For instance, you can check to make sure that app you want to download is from a trusted site, and you can alert your bank to send text messages about unauthorized transactions.

Other things to think about include how to protect your information if your phone is lost or stolen. If you’re not completely comfortable with the security features already on your phone, you can supplement them to prevent someone from activating the phone without your permission and accessing your data. Useful defensive measures include alarms that sound if you misplace your phone, and apps that wipe personal information from a stolen phone.

More tips:

  • Use a strong password and pin, and store your password separately from your phone.
  • Delete text messages between you and your bank.
  • Set your phone to lock when you’re not using it.
  • Keep your software updated.

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