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12 Mobile Banking Safety Tips

A decade or two ago, a phone was just a phone. You could pick it up, make a call, leave a message, and if you were really fancy, you had “call waiting” or “caller ID.” These days, your phone is so much more! It can serve as your phone, a computer, a camera, a pedometer, a GPS navigation system and your own personal, pocket-sized Members Exchange Credit Union branch!

Your phone holds a lot of information about you. If you lost your phone and a stranger found it, how much personal information could they gather? We’ve created a list to help you secure your phone and personal information. How many of these tips are you following?

12 Mobile Banking Safety Tips:

  • Password protect your mobile device AND mobile banking application
  • Only download signed applications from trusted sources
  • For mobile devices using the Android operating system, do not enable Android’s “install from unknown sources” feature
  • Never store usernames and passwords on your mobile device
  • Keep your mobile device with you, or secure the device when not in use
  • Frequently delete text messages received from the credit union
  • Notify the credit union and carrier immediately if your mobile device is lost or stolen so that it can be deactivated
  • Do not modify your mobile device as it may disable important security features
  • Install antivirus software
  • Check your credit union account frequently and notify the credit union of any unauthorized transactions
  • Do not respond to text messages requesting personal information, such as Social Security numbers, credit/debit/ATM card numbers, and account numbers
  • Adopt safe practices as you do with your personal computer, including not opening attachments or clicking on links contained in emails received from unfamiliar sources