What is Mobile Banking?

In general terms, Mobile banking is explained as services that lets you easily and securely access balance information, pay your bills, transfer funds between your accounts and third parties without phone calls. In a nutshell, it is your complete banking facility on your finger tips.

Similar to your Online banking threat, Mobile banking is also prone to threats if you are negligent.

 

How do you protect yourself?

• Treat your personal details like you would treat money: don’t leave them lying around for others to take. Never write down or disclose your PIN numbers and passwords with anyone.
• Set up the password of your mobile phone. Most of the mobile phones have the optional feature of setting up or configuring password or a PIN through Phone settings. It is recommended to enable this feature.
• Be aware of shoulder surfing while accessing on Mobile Banking.
• Do not store your PIN numbers and personal data on your mobile phones.
• Do not leave your mobile phone idle while the mobile banking sessions are on.