Protect Yourself – Practice Safe Internet Banking: Part II

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.

Banks are required to give you a copy of their privacy policy once you become their customer, regardless of whether you are conducting business online or offline. You may also see a copy of it posted at the bank’s Web site. By reviewing this policy you can learn what information the bank keeps about you, and what information, if any, it shares with other companies.

 

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Protect Yourself – Practice Safe Internet Banking: Part I

The first of two posts on safe internet banking.

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 that FDIC 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 today’s post we will cover this critical advice from the FDIC web site:

  • Confirm that an online bank is legitimate and that your deposits are insured

In our next 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

Tips for Safe Banking Over the Internet:

The Internet offers the potential for safe, convenient new ways to shop for financial services and conduct banking business, any day, any time. However, safe banking online involves making good choices – decisions that will help you avoid costly surprises or even scams.

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