Transfer money between accounts. If you have multiple accounts with one bank, you can use your online banking portal to transfer money between those accounts. You can also send money to other people who have accounts at the same bank, and even to people with accounts at partner banks. For example, Wells Fargo and Bank of America allow their customers to transfer money between accounts at the two banks.
Make sure you know what fees may apply to this service. For the most part, transfers between your own accounts will come as a free service, but federal law prohibits more than 6 transfers from a savings account to a checking account in one month. When using the transfer tool on your banking portal, any fees will be listed prior to you confirming the transfer.
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Use a mobile banking application. Many banks have smartphone apps you can download and access on the go. Simply search for your bank in the app store on your smartphone and download the application. Make sure the app is created, owned, and operated by your bank. You will likely see offers or advertisements for this app on the bank’s website or in the branches. Some banks even offer the option to deposit checks with the camera on your smartphone. You can also use these apps to transfer money, monitor account balances, and locate nearby ATMs and branches.
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Staying SecureDownload Article
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Avoid using online banking on public WiFi. When you are connected to a public WiFi connection, avoid inputting any personal information, including passwords and banking information. There are ways for hackers and thieves to steal your information when it is transmitted over unencrypted signals, which is often the case with public or free WiFi connections.[7]
If you rely on this kind of connection, consider downloading an encryption software onto your browser to keep your information safe.
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Stay aware of your surroundings when banking on your smartphone in public. Just like when you type in your PIN at the ATM, you will want to make sure no one can see your screen if you are banking online in a public place. If you’re using your smartphone to check your balance, for example, make sure no one is looking over your shoulder or standing very close by. Keep passwords and balance information private from onlookers.
Cover the screen of your phone or laptop with your hand if you’re worried about prying eyes, or simply wait until you are at home or in a private place to access your online banking information.