While online banking certainly provides you much greater control over your money, cyber or identity theft may still be a concern. Fortunately, there are steps you can take to prevent your account from being accessed by an unauthorized individual. Magnolia Bank of Hodgenville, KY, recommends the following tips to get the most out of your online banking service.

Do:

Check your balances.

The biggest perk of online banking is the easy access to your money. That means you can check the balances as needed to determine the best step forward for your finances. It will also alert you to any fraudulent purchases as soon as possible, which can then be reported to your bank.

Change your password frequently.

You can also strengthen security by changing your password. The best ones contain eight or more characters and consist of a combination of letters, numbers, and symbols. Also, never use your or a family member’s name or other easily discovered information.

Don’t:

Give out your pin number.

Under no circumstances should you provide your pin number to anyone. This is especially true of online solicitors, who may be looking for access to funnel money from your account. Keep your pin number private and never write it down.

Neglect updating software.

If you use your bank’s mobile app, update it as needed. These may contain very important security features, and you’ll be without this extra protection if you’re using a previous version.

When it comes to online banking, Magnolia Bank offers their clients effective security thanks to features, like secure messaging. They also have an easy bill pay, so you can take care of regular expenses as conveniently as possible, as well as a mobile app that offers on-the-go access. If you’d like more information on opening a checking or savings account in Hodgenville, feel free to call (270) 358-3183 today. You can also learn more about their banking services by visiting the website.