Play It Safe With Online Banking

 Online banking has become a way of life for most Australians.

Understandably, some people have reservations about the security of online banking. After all, if I can access my own details via the internet, can someone else do the same?

Generally speaking there is very little to be concerned about, however, as hackers become more sophisticated in their scams, we need to be more diligent. As a guide we recommend you:

  • Closely monitor your bank balance and transactions
  • Reconcile your bank account(s) monthly
  • Take some time to check your credit card statement and watch for duplicate transactions and unknown vendors
  • Always log onto Internet Banking by typing the website address directly into your internet browser address bar
  • Do not access Internet Banking from a link on an email
  • Read the security tips on your bank’s ‘log-in’ page
  • Contact your bank immediately you become aware of a problem

The banks will always tell you that their systems are safe. However, safe does not mean foolproof. The ‘fool’ is the one who gets scammed and doesn’t realise that it has happened. The ‘proof’ is what you provide to the bank to get your money back.


IMPORTANT DISCLAIMER: This article is published as a guide to clients and for their private information. This article does not constitute advice. Clients should not act solely on the basis of the material contained in this article. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of these areas.