Over half of all U.S. adults use online banking services.* Are your concerns about banking online stopping you from joining in? You may be surprised to learn it’s more secure than ever and virtually anything that can be done in-person can now be done, well, virtually. Take a moment to erase your fears and dispel some myths of mobile banking.
You thought you were being responsible by making the minimum payment on your credit card a month early, so you're surprised — and peeved, let's be frank — when a late fee appears on the following month's statement.
Several years ago, a thick envelope landed in my mailbox. Its return address was that of the hospital where I’d been receiving treatment. Upon opening the envelope, I was horrified that it contained not only my own medical records, but those of twelve other patients, along with our insurance claims. For some unknown reason, the hospital had put my address on the envelope instead of the claims processor’s address.
I promptly called the hospital to report the erroneous mailing and was instructed to destroy the records, which included patient names, addresses, and their own detailed health information. Several months later, I received a letter from the hospital offering me a year’s worth of free credit protection because of their mistake. What did the hospital do beyond that to secure these wayward records? Nothing. They took my word for it that I'd destroyed the mailing. What if those records had gotten into the hands of someone who wasn't diligent and trustworthy?
It's our responsibility at Hanscom FCU to keep your member information as safe as possible, and it's a responsibility I take seriously. Yes, I get that it can be frustrating to deal with the layers of security required to access your account information. You just want to jump on your computer to check your balance and not have to jump through hoops to do it! But rest assured, these so-called hoops are for protection of your identity and assets. Here are five important ways we keep your online access with us secure:
You're busy. You have big plans for the future, places to go, friends to meet. Does it really make sense to spend time bouncing from one website to another to check out your car loan, another to pay your mortgage, and yet another to look at your checking account balance? That’s so 2008!
Contrary to what you might believe, online banking is actually safer than doing things the old-fashioned way. Here’s why:
Fall is a busy time of year. Cut down on the time you spend managing your money by going online. You’ll love the convenience of managing your accounts from your computer or phone.
Budgeting your money is an important step in achieving any financial goal, whether it’s eliminating debt, saving for a home, or building a retirement fund. But it doesn’t have to be complicated or time consuming.
I have to ask—do you know what an internet browser is? I mean, you are using one right now, I know, but can you tell me which browser you are using and whether it’s up to date?
Don’t be embarrassed if you have no idea. Instead, take a moment to learn. Why? Keeping your internet browser up-to-date is important for security and to ensure that web pages load properly.
Topics: Online Banking