William Penn Life, 2004 (39. évfolyam, 1-12. szám)
2004-06-01 / 6. szám
Moneywi$e Safe Internet Banking How to untangle the web of banking options offered on-line from www.fdic.gov As use of the Internet continues to expand, more banks and thrifts are using the Web to offer products and services or otherwise enhance communications with consumers. The Internet offers the potential for safe, convenient new ways to shop for financial services and conduct banking business, any day, any time. However, safe banking online involves making good choices-decisions that will help you avoid costly surprises or even scams. What follows are information and tips to help you if you are thinking about or already using online banking systems. Confirm that an Online Bank Is Legitimate and that Your Deposits Are Insured Whether you are selecting a traditional bank or an online bank that has no physical offices, it's wise to make sure that it is legitimate and that your deposits are federally insured. Here are tips specifically designed for consumers considering banking over the Internet. Read key information about the bank posted on its Web site. Most bank Web sites have an "About Us" section or something similar that describes the institution. You may find a brief history of the bank, the official name and address of the bank's headquarters and information about its insurance coverage from the Federal Deposit Insurance Corporation (FDIC). Protect yourself from fraudulent Web sites. For example, watch out for copycat Web sites that deliberately use a name or Web address very similar to, but not the same as, that of a real financial institution. The intent is to lure you into clicking onto their Web site and giving your personal information, such as your account number and password. Always check to see that you have typed the correct Web site address for your bank before conducting a transaction. Verify the bank’s insurance status. To verify a bank's insurance status, look for the familiar FDIC logo or the words "Member FDIC" or "FDIC Insured" on the Web site. Also, you should check the FDIC's online database of FDIC-insured institutions. You can search for an institution by going to the at FDIC's home page and selecting "Is My Bank Insured?" Enter the official name, city and state of the bank, and click the "Find My Institution" button. A positive match will display the official name of the bank, the date it became insured, its insurance certificate number, the main office location for the bank, and its primary government regulator. If your bank does not appear on this list, contact the FDIC. Some bank Web sites provide links directly to the FDIC's Web site to assist you in identifying or verifying the FDIC insurance protection of their deposits. Also remember that not all banks operating on the Internet are insured by the FDIC. Many banks that are not FDIC-insured are chartered overseas. If you choose to use a bank chartered overseas, it is important for you to know that the FDIC may not insure your deposits. Check with your bank or the FDIC if you are not certain. For insurance purposes, be aware that a bank may use different names for its online and traditional services; this does not mean you are dealing with separate banks. This means, for example, that to determine your maximum FDIC insurance coverage, your deposits at the parent bank will be added together with those at the separately named bank Web site and will be insured for up to the maximum amount covered for one bank. Talk to your banker if you have questions. Protect Your Privacy Some consumers may want to know how their personal information is used by their bank and whether it is shared with affiliates of the bank or other parties. Banks are required to give you a copy of their privacy policy once you become their customer, regardless of whether you are conducting business online or offline. You may also see a copy of it posted at the bank's Web site. By reviewing this policy you can learn what information the bank keeps about you and what information, if any, it shares with other companies. Banks may want to share information about you to help market prod-4 Willi» Pen Lile, June 2004
