Tips on How to Protect Yourself When Banking Online

Taking the following steps will help to protect you when banking online.

  1. Before you start, ensure your computer, tablet or phone is secure by installing or updating firewall, anti-virus and anti-spyware software. Always log out after each session and clear your browsing history.
  2. Choose a unique, secure password with a combination of letters and numbers that no one could guess.
  3. Never show or tell anyone your PIN or password and destroy any paper records of these carefully.
  4. Check that the web address is correct and the site is not a fake. Make sure the site is secure—look for a web address beginning with 'https' and a closed padlock symbol. If in doubt, contact your bank about the security processes you need to use.
  5. Regularly check your banking statements to spot any scams activity. If you think that your banking or financial details have been compromised, contact your bank or financial institution immediately.
  6. Never transfer money through your account for people you don't know. These requests are usually from criminals wanting you to transfer stolen money overseas. Money laundering is illegal.

To find more information on how to protect yourself in when banking online click here.

*Information above has been supplied by the Australian Competition and Consumer Commission (ACCC)