Using the Internet Safely For Seniors

Figure 13-1

Bank Online

Banks go to great lengths to safeguard your information and online

transactions and there are protections in place to shield consumers in

the event of banking fraud. (See Figure 13-2.)

Banking and paying bills online is convenient, and it can be safer than

banking and bill paying in the physical world, where lost and stolen

mail and having discarded statements stolen from your trash are con-

cerns. Online account access allows you to check balances, transfer

funds between accounts, view statements, and pay bills online.

You can also choose to use a software product such as Quicken from

Intuit (see Figure 13-3) to manage your budget and bill paying and

synchronize with your bank records and pay bills online.

In most cases, the weakest link in online banking is the consumer. This

is good news because it means that you can control your online risk by

educating yourself.

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Chapter 13: Watching Your Pennies Online