... Before opening an account with an online-only bank, you should verify the bank… A bank or credit union isn’t the only possible entrance point for hackers. Here in the 21st century, banking has never been easier. “Even if the password is similar between online accounts, hackers use software tools to try to guess the stolen credentials,” Anscombe says. Remember when we actually had to get out of our pajamas and drive to the local bank just to deposit a check? Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. That means keeping tabs on every aspect of your financial life is crucial to protecting your accounts and everything in them. This doesn’t mean the government won’t ever raid your safe deposit box. These tips explain how to keep your online bank account safe. “If you are confused at all, you should talk to your bank,” Walsh says. Don’t trust caller ID or answer phone calls from unknown numbers: If you recognize the caller ID but the call seems suspicious, hang up the phone. Check with your bank to see what features it contains and how to access it safely. Now, we can almost do every transaction on-the-go with our phone or at home on our desktop. As Weidman cautions, if a service is hacked and your password is exposed — if your bank suffers a data breach, for instance — cybercriminals may try it on another account. RBI has asked people to vigilant and never share PIN, OTP or card details with anyone. How to keep bank account holders from losing money. Don’t respond: If you’re not 100% certain of the source of the call, email or text, then hang up the phone, don’t click on the link in the email and don’t reply to the text message. But, if it comes to this, you will probably have advanced warning – such as that they will first raid bank accounts and then come for safe deposit boxes. They can also get at your accounts through your home computer, tablet, … Know the best ways to avoid being scammed. When online banking, using proper security and best practices can keep your bank information safe. If you have $300,000 in CDs and other savings accounts in your name only at the same FDIC-insured bank, $50,000 is not insured. When the Cyprus government confiscated bank accounts, they didn’t confiscate the contents of safe deposit boxes. Withdrawing a debt from a consumer's bank account without first seeking permission is illegal. RELATED: How to choose & switch to the best bank for you How to protect your money (even from your own bank) The reality is, sneaky people are everywhere, and unfortunately, everywhere includes banks. A creditor cannot attempt to recover a debt you owe by withdrawing funds from your bank account without first receiving either your permission or a legal judgment against you. ... Keep your money safe. 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