There are many safety features put in place at banks to ensure consumer safety and identity protection, notes Federal Deposit Insurance Corporation. Bank of America has industry-leading safety features, including authentication, data integrity and encryption, states the bank’s website. Users can check account activity at any time to confirm or deny recent transactions.
The bank offers an overdraft protection plan and security features to protect customers from a stolen debit card, according to Bank of America. The customer may even get his photo put on the card. Wells Fargo bank offers similar safety features, such as timed log-off, firewall, encryption, security questions and monitoring, says the official bank website. The icon of a closed lock that appears on the browser while on the bank website guarantees the page is encrypted.
Protecting personal information is also the responsibility of the consumer, says Federal Deposit Insurance Corporation. Consumers should always confirm that an online bank is genuine and that deposits are insured. Online banks with the FDIC seal are insured the same way as FDIC insured brick and mortar banks, notes Forbes. Additional tips to decreasing identity theft and other scams is to make passwords distinctive and hard to guess, take any notifications of fraud seriously and never give away personal information.