Wednesday 27 February 2019

5 Tips to keep in mind before transferring money online


Here are five essential tips that you should keep in mind if you want to send money online instantly

  1. Avoid using public WiFi
The unsecured connection exposes your privacy to the hackers. They keep waiting for such an opportunity and take no time to steal your private data and, eventually, your money. If you don't have any other option, then consider setting up a VPN software on your system to create a secure tunnel between the network and computer.
As for smartphone users, the public network always is a threat while making payments on e-commerce websites or transferring funds via a money transfer app.

  1. Use genuine anti-virus software
A genuine antivirus safeguards your data from phishing malware. They detect and remove the spyware which is responsible for stealing your sensitive pieces of information. Make sure that the antivirus software is recently updated as the hackers always find the way to crack the system and enter to your computer. Avoid using the system, even if it is a secure connection, for money transfer and payments.

  1. Keep updating your operating system
You should always prefer a genuine operating system (OS) on your computer if you are planning to undertake online financial transactions. The authentic OS regularly updates the system to add security features and patches to keep the hackers away. Same goes with the smartphones as they also keep fixing the security features time and again. Never remove the security control when prompted, not even at the time of regular surfing. You should make sure to download every app that sends money online instantly, from the official store only. 

  1. Change passwords regularly
Never, under any circumstances, share your password and OTP with others. You might feel tough to remember the complicated passwords, but that can save you against a lot of trouble. Make sure that you change the password occasionally to eradicate any chance for troublemakers to intrude your privacy. Avoid noting down your passwords for internet banking and other mobile money transfer app, even if you do; save it on the computer or smartphone, keep it secure and away from the desktop.

  1. Subscribe to mobile-notification
Mobile notifications help you to monitor your transactions to a great extent. You receive an SMS as soon as any transaction takes place. If you are not using this feature, do it now. It will also send you alerts in case of false login attempts in the ATM and internet banking. You can contact immediately to the bank in case you notice any suspicious activity.

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