The Pitch – Is Online Banking Really the Way to Go?

April 21, 2009 – 8:26 pm – No Comment

Is Online Banking Really the Way to Go?

Question:

With identity theft as well as bank systems having a hard time surviving in the current economy, is online banking really the most efficient and safe way to go?

Answer:

Banking systems are safe. There are rumors going around the internet that banks are unsafe and aren’t the place you should put your money, but you have to realize that the FDIC has your best interests at heart and unless you carry a balance of over $250,000 in one bank account at a time, you’re fine.

That being said, online banking is also safe as long as you double and triple check the website address before you enter your personal information in the site.

While I know this wasn’t an attempt to grab my bank account information, it was still an attempt to take some of my personal information: I was on MySpace.com and a friend had posted a bulletin about something that had a link in it. The link was to rnyspace.com…Notice the RN makes the “m” in myspace.com…This has to be watched carefully to make sure you aren’t being “phished” for information.

When you’re careful, online banking is safe and efficient.

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