I am really nervous because I am not sure how safe and secure online banking is.
Whenever I saw in TV reports, regarding hacking or what, I get scared.

Does anybody dare to share his idea regarding this question?

Online banking is safe because since the number of users is very high it's only few that'll be victimized and that happens if you aren't careful to whom you are availing your information.

If you keep your security programs (virus, firewall, etc) updated, you should be okay banking online. Just remember to never, ever give your password to anyone in e-mail or over the phone. Also, never click on an e-mail link to visit your account. Type it into your browser yourself.

The thing is, your brick and mortar banks keeps your info in the same kind of database the online bank does. Any database can be vulnerable to being hacked, regardless of how you transmit the information to it. I'm not complacent but I do think most financial institutions are getting better at taking precautions. If you think you'd like to do your banking online, get in touch with customer service, explain your concerns, and ask about the bank's security measures.

I would agree with Plumley on this. Banks nowadays are always looking for new ways to make sure your information will not be comprimised in anyway. I just always make sure that I never give out my password and I always make sure my firewall is up to date.

I'm a little nervous about it, too, but I think I'll probably just accept it
as part of life. Like someone said, any bank on any street corner is still
open to hacking, so nothing's really as safe as we'd like it. I *will* however,
not keep everything in one bank. That at least offers *some* protection
as far as I can tell.

I would not trust online banking AT ALL! I read an article a while back which stated that banks were too cheap to update their systems faster than what hackers were at hacking through them.

I've never had a problem with my internet or telephone banking.
I've used internet banking for several years now and nothing bad has ever become of it.

hey, thanks for those insights. i used to have doubts in banking online. but reading your experiences, i guess i must be doubly careful and express my concerns with a bank i intend to open an account with...

So few people realize this. You would think, with all the publicity of the last year with companies having computers stole, that the average consumer would realize their information isn't truly safe anywhere.

The thing is, if a their wants your information bad enough, he will find a way to get it.

We have done are banking on line for a few years now. And have had no problems. All though I have heard of people having problems but so far we have been lucky,

I believe online banking is safe adn reliable. On most money trading websites including paypal, you are able to send a dispute if you do not recieve your items adn they will issue a charge back, refunding you your money.

What you must avoid in online banking is Phishing. That is you are tricked to a fake site similar to the genuine site. If you are not careful and unaware, you will log in and reveal your username and password.

I totally agree with this kelkat...the internet an all of it’s “secure systems” can’t stop hackers if they really want something. In life, I have learned that nothing is a sure thing..and that anticipation is always the best safe method.

Banks do their share in securing your bank account. As account holder, you must also do you share. You can secure you account if you are well informed on what to do in cases of hack attempts.