I am definitely a member of the “millenial” generation. I depend on my phone for everything: driving directions, scheduling, social networking, emails, and, yes, banking. I love that I can look at my accounts anywhere, any time, and see where my money is going. It’s extraordinarily useful, and basically eliminates the need for physical checkbook balancing. However, banking online is more susceptible to security risks like identity theft. To protect yourself and your money, read these tips by Andrea Ditter-Middleton at Living Rich With Coupons:
-Monitor your accounts regularly, and make sure there are no suspicious transactions
-Create complex passwords, protect them, and change them often
-Use a secure connection- don’t access your account over public wifi