Banks take lots of precautions to make sure your online account is safe, including using encrypted websites, timed logouts and multi-step verification processes. This works by using something you know, such as a password, and something you have, like your mobile phone and fingerprint.
For example, before allowing you to log in or make a payment, you could be asked to:
- enter your username and password
- confirm a code that’s been sent to your device
- use facial recognition or a fingerprint reader.
Having instant access to your accounts can also help you spot any unusual activity quickly, especially if you’ve set up spending notifications that alert you whenever your card is used.
Many online banking platforms also allow you to freeze your card – for example, if you realise it’s lost or stolen – and set up daily spending and cash withdrawal limits.