Doing banking stuff, Computer verses Phone ?

[leon]

Hi Guys, now that if have learned what a key Locker is it got me thinking about what I do on my Computer.:question:

Just out of interest do most of you good people do your banking and financial stuff on your Phones or do you do it on the computer.:shrug:

I still use the Computer most times but can do it on my Phone as well.

So is it safer to do on ones Phone compared to the Computer.:shrug:

Thanks in advance.:thumbsup:

Leon:thumbsup:

[GrahamL]

I use both not sure which is safer.. technology is a great thing but has its failings I guess.

When the floods came back in March.. For a week no
Internet ,atm, phone service,Banks,fuel,food from the one supermarket was cash only to start with and they ran out of everything..and you couldn't leave and go somewhere else.. cash I thought was redundant.. I keep a bit aside these days.

[Camelopardalis]

Depends on whether you use the organisation’s app versus just a browser.

In the case of the browser, it’s likely no better/worse.

The apps sometimes employ multi-factor authentication - which means that it is being doubly sure it’s you logging in by using your finger print or face scan instead of or sometimes as well as your passcode.

If you’ve got teenagers, be careful as they might try to use your fingerprint while you’re taking a nap :lol:

[Renato1]

I feel safer doing banking on my computer because I've got a paid for antivirus suite on it.

Windows Defender has excellent antivirus protection, but it doesn't give all the extras that the full suite does.

The main problem with computers are the phone scammers who con someone in the household into giving the scammers remote access and then drain accounts. The banks generally don't cover such losses.
Regards,
Renato

[leon]

Thank you very much for your responses, I do use the Computer more than the Phone, guess i will just have to be careful.
I do have a good paid version of Bitdefender Security on the Computer, had it for a while now and it seems to be doing the job.

Leon

[Crater101]

As someone who is starting to get on in years, I only started using computer banking about three or four years ago. My PC has the usual antivirus, firewall, etc., but also runs through a VPN and I have two-factor identification on the account.
I realise a lot of people use a digital "wallet" on their mobile telephone quite successfully, but I just don't feel secure in doing that when tap 'n' go with a credit card can achieve much the same thing.
And I still use cash about 50% of the time, much to the consternation of staff who automatically enable a "tap 'n' go" for every transaction!

[leon]

Hey Warren, I must be from the same school, that is nearly identical to what I am doing, just use my card, and/or cash, actually i use cash a lot of the time.
At least using cash one has paid and cant be ripped off if someone skims or uses your details at a later date.

Leon

[By.Jove]

I’d be more worried about institutions that have all of your details sufficient for identity theft or property fraud - all the usuals plus drivers licence and/or passport.

Starting with Optus, which today conceded it was hacked.

There are others - MyGov and ServiceNSW for example.

Having all the identity eggs in one basket is really really dumb IMHO.

[Crater101]

Exactly! Nice to know I'm not the only one...

[Renato1]

Very true. The other benefit of cash is that avoids those sneaky 1% to 1.35% fees that Doctors, restaurants and fast food places have annoyingly been adding on.

Though I've just come across the ANZ Plus account - which cannot be used with a computer, and no one can help you in a branch, nor can it be used in a branch. But it does come with 3% interest in the attached savings account.
Cheers,
Renato

[Boozlefoot]

The difficulty there, Leon, is finding someone who is able to calculate the change, even with the help of the till! It seems that is no longer a prerequisite of a lot of retailers nowadays........:confused2:

[raymo]

Most retailers' tills these days display the correct change for the operator.
raymo

[leon]

Yes that is true Raymo, but years ago they would put it in your hand and read it backwards.
The machine does it for them now, and they just plonk it in your hand a say nothing.

Leon

[Boozlefoot]

I kid you not, recently in a supermarket, the checkout operator had trouble deciphering which coins would make up the change amount - there was a 0.55c portion, and she was out of .50c pieces. She eventually worked out that 2 x .20 and a .10 would do the same job.

[DarkArts]

It is frustrating and worrying to watch present-day sales staff try to make change. Even though the register calculates the change, they really struggle to just count the value of the notes and coins. It's just basic maths.

[leon]

Another good one is when the cost for something is $20.30, you don't have the $20.30 so you give the operator a $50.00 note and the 0.30 cents, hoping for a straight $30.00 back, I have seen people struggle with this, but then I guess technology dose it all for them now.

Leon

[ad602000]

We use the PC for banking but use duck duck go as a browser and login to the bank afresh each time no shortcuts pointing to the bank and duck duck go does not log browsing history:)

[GTB_an_Owl]

remember the ultimate backup plan with internet or phone banking

DO NOT USE YOUR MAIN ACCOUNT !

guestimate your monthly payment/spending needs and open a separate account

then each month (or when you have to) top up that account from your main account

if your monthly account is compromised - close it and open a new one
all you can lose at most is your monthly account balance

geoff

[oska]

+1 This is the only way to be vaguely safe. :thumbsup:

[leon]

Yea Geoff we actually have one of those used especially for buying etc, and as you said just put in the amount you need for that particular purchase, it is a good safety net.

Leon

[Crater101]

Leon, you and I seem to lead parallel lives. I've had the same experience on a number of occasions. Maybe I'm getting old (well, I am...) but some people need to learn basic maths.

[jakob]

I'm not sure how much protection that gives you.
I have a savings account with a card but the bank still pays when its overdrawn! :mad2::confused2:

Jakob.

[leon]

The card we have is like this, I need to by something from someone, it costs 60.00 dollars I transfer 60.00 to that account and only that amount.

If it all goes astray I cant lose anymore than 60.00, works for us, no issues ever.

Leon

[JGaugia]

I have an old phone which no longer supports my bank’s app.
No biggie, I just log in on the tablet. Either or, I guess.

[ronson]

Some instructions for cyber security 101 form the Australian Cyber Security Centre: https://www.cyber.gov.au/acsc/view-all-content/guidance/personal-cyber-security-first-steps-guide. Hope you find them useful.

[leon]

Some very good advice indeed, thank you.

Leon