Mobile Banking & 4 Safety Pointers, From Bob Jain

By Paul Martinez


In this day and age, most of us tend to rely on mobile devices. It's easy to see why, since they are not only great ways to stay in touch with one another but fulfill a number of personal endeavors as well. Banking is just one of the many examples but just like standard banking, there is a degree of safety to be exercised on the mobile front. To better understand what this entails, here are 4 of the best tips that Bob Jain will be able to offer.

If you are going to take part in mobile banking, the first thing that you should do is look into the connection you're using. As names such as Bob Jain can attest, open connections are not the most reliable when it comes to banking. After all, information can be freely transmitted this way, meaning that personal details can fall into the wrong hands. Suffice it to say, security is necessary when talking about the connection you're working with.

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.

To cap off this list, make sure that you stay aware of the messages that arrive in your inbox. While this might go without saying for some, others might unknowingly distribute their personal information to seemingly legitimate companies. When this happens, it's possible that phishing will take place, meaning that the information in question can be used to benefit others, at your expense. For this reason, be knowledge about who you do business with in the future.




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