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This week on our Tip Tuesday we’re talking about both online and mobile banking. Both are incredibly useful ways to manage your finances, and if you haven’t tried either yet, here are some top tips on how to use them.

Mobile banking is a convenient and secure way to manage your bank account via either a mobile phone or tablet. It gives you easy access on the go to make transfers, payments, check your balance and view a statement. It is mostly used via an app which can be downloaded from the Android or Apple store but check with your bank first.

Online Banking

Online banking (OLB) is similar to mobile banking. It is usually accessed via your bank’s website. Online banking is secure and allows you to check your balance, print statements, set up payments and make transfers.

Mobile Banking

To use mobile and online banking you must have a bank account in your own name. Check with your bank about how to register or visit their website.

Top tips using mobile or online banking

  • Never login to your bank website through a link in an email.
  • Stop and think about the process you normally go through to make a payment. Be suspicious if it differs from the last time you used it.
  • Never give anyone your login details in full either by email or over the phone – your bank will never request these in this way.
  • Check the security options your bank provides; some offer free anti-virus and browser security software.
  • Check your bank statements regularly and contact your bank immediately if you spot any transactions that you didn’t authorise.
  • Always make sure you ‘logout’ at the end of your session.

Did You Know?

PayPal is the most popular payment and finance app, with 15.3 million distinct users.