Tips for Safe Banking Over the Internet

If you're like many Americans, you do a lot of shopping and other transactions, like paying bills, online. If you haven't already begun doing your banking online (and even if you have!), here are some useful tips on safe banking over the internet from the FDIC:

• Confirm that an Online Bank Is Legitimate and that Your Deposits Are Insured


• Read key information about the bank posted on its Web site.


• Protect yourself from fraudulent Web sites.


• Verify the bank’s insurance status.


• For insurance purposes, be aware that a bank may use different names for its online and traditional services; this does not mean you are dealing with separate banks.


• Know where to get more information about FDIC insurance.


• Look at your bank’s Web site for information about its security practices, or contact the bank directly.


• Remember that nonfinancial Web sites that are linked to your bank’s site are not FDIC-insured.

Read the complete article here.