Bank Via Smartphone? Simple Tips Can Protect Your Data

Are you part of the growing mobile banking trend?

Are you part of the growing mobile banking trend?

More and more Americans are embracing digital banking – online and mobile. New numbers from The Pew Research Center’s Internet & American Life Project show 51 percent of adult Americans now bank online – up from 46 percent in 2010. When it comes to mobile banking, 35 percent of cell phone owners admit they bank online – up from 18 percent in 2011.

The convenience of new mobile banking options can be great but there are also risks. To protect your personal information, CreditCards.com recommends the following tips:

  • Password protect both your app and smartphone
  • Logout when not using a mobile banking app
  • Read up on how to remotely wipe a device of personal information in case of theft or loss
  • When banking on the go, switch from using a public WiFi to your own 3G or 4G network.