Is It Safe to Use a Banking App? Yes, If You Keep This in Mind

A mobile banking app makes it easy to manage your money from anywhere, any time. But you could be putting your financial information at risk in exchange for convenience. Mobile banking apps use a variety of security features to keep your data safe. That said, you also must take steps to protect your information. Here's what you need to know to keep your money safe from cybercriminals, hackers and scammers when using your bank's app. Read more: Beware of These Common Banking Scams Are banking apps safe? Banking apps are generally safe ways to manage your money. Mobile tools have a range of built-in security features to put fences around your information that are difficult for hackers to scale. Safety features aren't limited to the biggest banks with the resources to invest in the latest and greatest tech. Even some smaller credit unions and community banks use tools like biometric authentication -- using physical characteristics like your fingerprint or face -- to limit your accoun ... Read full article.