I have been doing all my banking on the net for the last 3 years and not had any problems.  I am using a landline and not wireless.  I do not know how secure wireless is.

I have been doing online banking for years now, have just gone over to wireless internet, can't see any problems. I do check my balance anytime I come on the internet.
Mind you there's never much in there anyway, only the pension and I spend that so there's none for anybody to pinch.

i use netbanking alot, i use it to pay my bills, rather than waiting in line at the old post office..

I have been banking and buying on line for years now, admittadly it was a little scarey to start, but i work for an IT literate company, and this is probably the most important piece of advice they have given me.

Watch the website address: i.e. http:// or https:// if you are banking or buying on line. The "s" in https:// stands for "secure"

The other thing to watch out for is a little "padlock" in the bottom right hand corner of your screen - also means things are secure.

I agree - haven't had any problems - the banks have their own very secure firewall systems, and firewalls are built into most computers these days - shopping on line is great - especially out here where I am - I go to a couple of sites - and watch for free shipping days, try and buy bigger items then - like rugs etc.

I've had wireless broadband since 07 and never had a problem with the banking and bill paying.
One thing you must never do is give the payee authority to take money out of your account.
Always authorise your payments from the bank site end through b-pay or similar. My internet account is with Bigpond and I have organised a regular payment from my bank to them monthly when it's due. Do not authorise Bigpond or Telstra or anyone else to pay themselves out of your account by direct debit.
I've paid a couple of memberships to website hosts and they've paid themselves when the account is due without sending me a reminder. Lesson learned.
Take your time when you set it up. If you need help phone their support line and they'll talk you through it.
The bank sites are secure as far as I've experienced. If you have security programmes on your computer you should be right.
I'm just speaking from my personal experience. We have to trust sometimes. Not everyone is out to rip us off.

I have use internet banking for several years, so far without any concerns. I can use this to regularly check my bank and credit card activity in order to pick up any "strange" activity early.  I also make use of direct debits wherever possible.

A few precautions are suggested however....

Use "strong" passwords that are unlikely to be guessed,  eg a mixture of letters and numerals and upper and lower case (passwords are usually case sensitive)

NEVER (deliberate shouting) give anyone passwords, pin numbers etc, either by emails, letters, or over the phone.  Banks will never ask for this information by email etc.   Watch out for forged bank websites asking for this info.

Don't use Internet kiosks, or public Wi Fi connections such as those at caravan parks, McDonalds, etc. for internet banking.

Set up a separate email address for "private" use and don't use this one for anything other than confidential or personal stuff, never for jokes etc that are likely to be forwarded on.

two sites worth checking....

http://www.scamwatch.gov.au/

http://www.staysmartonline.gov.au/

we run a business do all online payments ect never had a problem i only use the fre avg been doing it for seven years now

Hi,
Well after reading all of the replies to my post it looks i will take the leap and try it.





-- Edited by ROAMIN on Thursday 7th of October 2010 07:23:38 AM

Be careful about your internet banking. According to Google, we should be switching to post-quantum cryptography (PQC) algorithms now before it's too late.

 

Apparently our encrypted passwords are being saved for decryption once the quantum computers are available. There may also be quantum computers somewhere out there that could already decrypt passwords.

 

https://www.nature.com/articles/s41586-022-04623-2

On line banking is safe and I was abvised 30 years ago. Buy a good internet security, not a freebee. And do regular backups, every time you close down. 

If you get an email or text message from your bank or say they are, DO NOT OPEN, go to your bank logon and dheck. If it is important it will be there on yout log on page.

There is some conjecture about free and paid for virus protection. I can't  see the free product will be updated, sometimes several times a day. Simple economics, get what you pay for.

I am not a computer geek, just worked too hard  to thow away money to scammers

Dont worry but just be aware

Neil 

Some useful tips have been posted especially the lock and not to click on links in emails.  The scammers are getting very sophisticated now and generally emails from your bank etc may tell you to long into your account but not provide a link.  Some of the fake websites look very real so it is better to either type the web address or save a link once you know it is genuine. 

Some useful information here and your individual bank may also have some.

https://www.accc.gov.au/consumers/online-shopping/internet-banking

Not related to online banking but I started receiving information sms messages on my phone from Telstra.  After a while they made reference to my son opening a Telstra account and used his name so I called Telstra and they confirmed that they were not from them.  These message went of for about 18 months before they then started to provide the links in the messages  for me to click and that was when I blocked the number.  The scammers are getting very patient.

Sometimes the organisations themselves that are trying to contact you are not the smartest.  Not long ago I received an email from the NRMA saying i had been overcharged for my insurance and that I was due a refund. Being on my secure computer just for fun I clicked the link in the email which took me to a form requesting my bank account details.  I stopped at that stage and phoned NRMA directly.  Yes it was genuine, and as i explained to the polite lady on the phone, many people will think it is a scam.  She said she had received hundreds of calls like mine.  She said if I provided my bank account details she could process the refund.  My reply was that I wouldnt want my bank account details on their system so please send me a cheque. 

 

-- Edited by TimTim on Monday 23rd of May 2022 08:13:19 PM

I have been using internet banking for almost 20 years and have never had a problem. I never save my password on my computer or have it written down, I never use internet banking on public networks like caravan parks or McD's etc, and my computer is secure. I never ever log into anything that I want secure like banking or anything important at all through email links. I feel more secure using it than I would just a card and statements, I can and do check my accounts regularly, making sure all transactions and balances are correct, waiting for a statement to come once a month would definitely be more of an issue.

Blues Man wrote:

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Cuppa wrote:

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Have used internet banking for at least 20 years without problem. Very useful especially when on the road.

I buy a fair bit online but take the precaution of using a debit card for all online transactions. Most of the time I keep less than $10 in the account & only top it up with the required amount to make a purchase. That way if the card is ever 'compromised' they can't get more than a few dollars. We also keep a regular eye on our statements. We have two banks, one of the big 4 & an internet only bank. Transferring between them is almost instant these days.

Travelling without internet banking would be unthinkable for us.

We never use public wifi as others have suggested.

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Hi Cuppa , yeah we do exactly the same as you and it has always worked a treat .Isn't  modern technology great.

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 X3 the thought of standing in line to pay a bill is unthinkable these days .