Banking through your phone or tablet is quick and convenient, but don’t forget these five tips to help keep your money—and identity—safe:
- Password-protect your phone or tablet so that only you can access the information on your device. This will help protect you if your phone or tablet is ever lost or stolen.
- Never provide personal information unless you initiate contact with your bank or other financial institution. Financial institutions should not request account numbers, Social Security numbers or other sensitive information through email or text messages. If you’re not sure about a request, contact your bank by calling number on the back of your debit or credit card.
- Don’t stay “auto-logged in” to your accounts. Even though it’s convenient, it increases the risk that an unauthorized user will access your accounts.
- Delete old texts from your bank to reduce your exposure to fraud.
- Report lost or stolen devices immediately to your wireless provider and financial institutions.
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Source: Information provided and maintained by the FINRA Investor Education Foundation and SaveAndInvest.org