Personal Finance

Are Online Banks Safe? Video

Share to Facebook
Share to LinkedIn
Share to Twitter
Share to Email
Share to Pinterest
Share to Email

Are Online Banks Safe?

Yes! Here are 3 reasons why…

Reason #1: Secure Tech

Online banks’ mobile apps typically have:

  • 2-Step Authentication
  • Bank Alerts
  • Fraud Monitoring
  • Debit Card Lock via Mobile App

These mobile features can prevent criminals from stealing your hard-earned money.

Reason #2: No Wasted Paper

As digital organizations, online banks use less physical paper than traditional banks … Online banks use encrypted connections to send/receive:

  • Bank Statements
  • Bill Payments
  • Remote Check Deposits

Less paper means less unnecessary exposure of your private financial data.

Reason #3: Agile Team

Because digital banks are smaller than traditional ones, they’re quicker at adopting the latest security tech… New security tech helps online banks use sophisticated security measures that keep your data safe.

Bonus Reason! FDIC Insurance

Because online banks are FDIC-insured, your money is guaranteed for up to $250,000.

Get Axos Digest
Sign up to receive insightful content every two weeks.