This is the second of two posts on safe internet banking. To view Part I, click here.
As use of the Internet continues to expand, more banks, credit unions, and thrifts are using the Web to offer products and services or otherwise enhance communications with consumers. It’s very important, however, for consumers to check and confirm that any company they might do their banking with is legitimate and that their deposits are insured.
For good advice on how to protect yourself, visit the Federal Deposit Insurance Corporation (FDIC) at Practice Safe Internet Banking . It’s the FDIC that provides insurance for depositors at banks and thrifts.
The National Credit Union Administration (NCUA) provides similar insurance for depositors at credit unions, such as Tri-Town Teachers FCU. Visit mycreditunion.gov for more information about credit unions.
In Part I we covered this critical advice from the FDIC web site:
Confirm that an online bank is legitimate and that your deposits are insured
In today’s post we will cover other important points from that web site:
Keep your personal information private and secure
Understand your rights as a consumer
Learn where to go for more assistance from banking regulator
Safe Internet Banking – Protect Your Privacy
Consumers have a right to know how their personal information is used by their bank and whether it is shared with affiliates of the bank or other parties.