If you have decided to embrace digital banking but are unsure whether it's better to use your phone or your computer to do so, there are several things that you will need to consider.
It is important to ensure that you have an account that is suitable to access remotely. Whether you are looking to stay with your existing bank or switch it is always a good idea to check that you are getting a good deal.
You can easily compare what different providers offer in the way of online banking at Moneysupermarket.com. Once you have set up a suitable account, you can decide how best to access your money.
Security
Probably the key issue for most people with digital banking is that of security. Some prefer to use the internet to access their account because they have faith in the internet security that they have installed.
Others prefer to use their phone as it is physically on their person most of the time and mobile apps are password secured. Whichever your preference, there are pros and cons with each.
Whilst internet banking is the more advanced, this has given cyber criminals more time to develop their skills against online bankers. Security and anti-virus software, however, is continually evolving to counter this threat.
If you access your account with a wired connection, you are safer as your banking details cannot be intercepted wirelessly. If you have a wireless connection and this is not secured, you are at risk.
Banking with your mobile is a newer concept. As such, cyber criminals are on the back foot, at least for now. The more limited functionality of mobile banking apps means that the potential risks are less. However, it is likely that virus developers will catch up in the future.
Ease of Use
Whether online or mobile banking is best for you will depend, to an extent, on what you want to be able to do. With mobile banking what you can do is more limited and you can usually only check your balance or transfer cash.
Online banking, however, is more sophisticated. You can generally also carry out transactions such as setting up regular payments and paying bills.
Keeping Safe
Whichever option you go for, it is important to take the necessary steps to protect your account details from falling into the wrong hands. It is essential to use security software and make sure that your wireless connection is secure.
You should beware of any phishing emails that you receive requesting personal information or details about your account. When accessing your account check that the secured page padlock is showing in your browser.
Most importantly of all, however, is to keep your passwords safe. Make sure that they are difficult to guess and do not write them down. Any other security that you have in place will be pointless if a thief can easily access or guess your password.