Important things to know about Mobile and Online Banking

Oct 19, 2022Financial Literacy

Nearly everything can be done online these days, and financial services transactions are certainly not an outlier.  People are increasingly using their computer or mobile device to bank, pay bills, shop, etc.  Online and mobile banking can make things very convenient, but it is also important to make sure you are staying secure.  

Using the free *Native American Financial Services Association (NAFSA) Financial Literacy Program, you can explore online playlists with many modules that relate to overall financial competency, whether this is understanding credit cards or preventing overdraft fees, our curated playlists will provide you with important information.

Mobile and Online Banking:

Mobile and online banking aren’t just great options for the obvious associated conveniences.  If used properly, banking in this manner could provide you with even more security, and could also potentially improve your ability to monitor your finances.  Real-time monitoring of your banking activity could help you from spending more than your available balance which can keep you from overdrafting your account.   

Our Mobile and Online Banking module, located in the Financial Foundations playlist, provides eight best practices for staying secure, explains a mobile wallet and how to use it, and walks users through the general steps involved with enrolling in mobile and online banking services. 

There are many features that might make mobile and online banking the right solution for your financial needs.  However, with any technological advancement, it is important that you fully understand the security risks associated with this method of banking.  Make sure you are staying informed by completing this module and of course conducting your own additional due diligence. 

The NAFSA Financial Literacy Program provides a variety of modules and tools with easy-to-understand information to help people better comprehend their finances and make more informed decisions.

Explore the program today:

*The NAFSA Financial Literacy Program content contained on the NAFSA web page(s) referenced above, and on any subsequent pages created by our service providers/partners, provides general consumer information. It is not legal advice or regulatory guidance. There may be other resources that also serve your needs and you are always encouraged to, and should, consult with your own professional advisors prior to making any financial decisions.

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