- Created on 16 March 2006
Ok so you have your standard high street banks, you can go in see the cashier and get your cheques cashed, organise balance transfers and direct debits and you can withdraw cash from the hole in the wall, but did you know that you can do the majority of these things online with the simple click of the mouse?
Online banking through most high street banks allows you to:
- view balances and transactions
- manage your standing orders and Direct Debits
- pay bills and make payments to family and friends
- transfer money between your accounts
- update your personal details, including mailing address and email address
- choose the frequency of paper statements or stop them all together
- access your account 24 hours a day, 7 days a week!
The main benefit being, you don't have to spend hours queuing in order to make a simple money transfer etc. at an inconvenient time of day (i.e. during work hours).
Sounds great doesn't it? However as with everything else online, there are strings attached. You may have 24 hour access to your account, but so does anyone else who can gain access to your information.
In order to ensure that the only person who can view your account details and spend your money is yourself, it is important that you do four things:
1. Install a firewall program on your system.
2. Install antivirus software and regularly scan your system.
3. Install a spyware removal program and regularly scan your system.
4. Regularly check and install updates to your windows, mac or linux installation.
If you do all of these things you will be safe online from those who make a living from online fraud.
For explanations and guides on the installation and application of the above mentioned programs check the articles and faqs sections.