Mistakes To Avoid When Using Mobile Banking Apps

Due to mobile banking, it is easier to manage your money as you don’t need to run to the bank branch to transfer funds or make deposits. You only need to sign in to the account to make your transactions conveniently. Unfortunately, the ease of access has made it easier for criminals to execute their activities. They no longer need to plan a well-coordinated heist and only need some hacking skill to unsuspecting victims not careful with their password. Therefore, to ensure your security in mobile banking, you need to avoid some mistakes that can easily give criminals access to your account.

Here are the mistakes to avoid when using the mobile banking apps

Inadequate Login Safety

A common mistake is having inadequate safety measures for login into an online bank account. Therefore, you need to avoid auto-login features that make it easy for another person to access the report. Instead, you can use biometrics and strong passwords to log into your phone. If possible, use the two-factor authentication that ensures additional security. Also, it would help if you had a unique password and username. 

When a hacker finds your password on another site and discovers that you use it for multiple accounts, they can easily access your details, including the bank account. Therefore, you need to change your password to avoid such risks in future regularly. To ensure your bank account has a strong password, use a mixture of lower case and upper case symbols and numbers. Gladly you can get a bank account without ssn to protect your identity.

Using a Browser to Access Your Online Account

A browser can likely have some malware installed. A hacker or scammer can easily see what you do and track your passwords and keystrokes in such cases. Although even a mobile app has some security weaknesses, they are generally safer than a browser. Most banks are frequently updating their mobile apps when they discover breaches. Some even employ hacking experts to expose weaknesses that need repair. Although the risks are not huge, ensure you frequently update your banking app to increase your security against online threats. 

Also, you need to frequently check the banking activities in your account to help you identify fraudulent activities on time and take measures to rectify the issue.

Using Public Wifi When Login Into Your Banking App

When you use public wifi to access your mobile banking app, you can risk your account information. Mostly, sending information on public hotspots is not encrypted, and other network users can easily access your activity. When you use an unsecured wifi network, any information you send to cyberspace is accessible to hackers. It would be best if you avoided public wifi or take extra measures to increase your security. To keep your data safe, you can use encrypted sits to access your bank. Such sites include https in their web address. Alternatively, you can use virtual private access that automatically encrypts your data even when hot on a secure network.

Mybambu Mobile Banking App

MyBambu is an application with various solutions that provide affordable, reliable, and convenient banking services to everyone. You can open the account regardless of your immigration status, and no social security number is needed. The benefits include domestic and international top-up, international bill payments, Bambu visa card, and remote check capture.

The Bambu bank account has no credit check, no monthly charges, and no overdraft fees. You can also use the deposit feature to receive your salary. Besides, the mobile deposit is convenient and instant. You can transfer funds to an external account without the hassle, and the FDIC insures your funds. 

The App users can send money to friends and family in the various cash-out points in Latin America. With the Add Cash feature, you can access over 120,000 retail stores and find the closest to your home with the MyBambu App. We are working to ensure the best experience when using the App. It includes performance improvements and several bug fixes, and a simplified account opening process.

By avoiding some mistakes, you ensure you are safe when using online banking apps. Luckily, you can easily open a bank account without ssn. The online bank account has reliable, convenient and affordable services to meet your needs. Open a mobile bank account today with MyBambu and get $10 free!