Talk of The Villages Florida - View Single Post - Anybody concerned about the security of their bank/brokerage accounts?
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Old 03-26-2023, 08:57 AM
daniel200 daniel200 is offline
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Quote:
Originally Posted by ithos View Post
If your bank doesn't have the ability to send text and or email alerts the instant there is a transaction on your bank or credit card account then find another one.
👍👍👍 SMS or Email alerts provide instant notification of a transaction allowing you to quickly identify suspicious activity.

In addition to email alerts, look for a bank that allows you to temporarily “lock down” your accounts and credit cards. My brokerage accounts are always “locked down”. No outgoing transfers of any kind are allowed while locked down. If I want to make a transfer, I unlock the account, make the transfer then relock the account. The whole process only takes a couple of minutes.