While online money transfer service providers have their security measures in place, as a sender, you too are required to follow some essential security tips for the safety of your transfers. Read this post to know five such security tips that every NRI should keep in mind before initiating an online transfer to India.
Gone are the days when NRIs had to personally visit the money transfer agent for initiating a transfer to India. With online international transfers, you can send funds back home from almost every foreign destination without moving an inch. But while digital transfer services have made the lives of NRIs easier, there is always a certain level of risk with online transfers.
While service providers try their best to keep their services and platform secure, customers too need to know a few important safety tips to increase the security of their transfers further. Five such important security tips are as follows-
- Select a Reputed Service Provider
Needless to say, the most common yet essential security tip for online international transfers is selecting a reliable service provider. No matter if you want to make an online wire transfer or use an online remittance service, go with a service provider that has an excellent reputation among customers.
Reliable service providers with extensive industry experience would definitely be safer than a new or unknown service provider. Banks are usually considered safer as compared to few other modes as the money is transferred to a bank account making them traceable.
- Always Use a Safe Device
No matter if you are using a PC, laptop, or mobile phone for online transfer, make sure that it is safe. For PC/laptop, have a genuine copy of antivirus installed for improved safety and keep the firewall on. Always use your own PC/laptop for sending funds to India.
If you use your mobile phone for transfers, ensure that you always keep your phone locked. Also, never store your transaction password on your phone.
- Regularly Update the OS and App for Mobile Transfers
If you use the mobile app of an international fund transfer service provider, make sure that you update the operating system of your phone and app as and when an update is available. Newer versions of the OS and app come equipped with better security.
Moreover, a host of errors/risks of the previous OS or app version are resolved in the new version. So, timely updates can help improve the safety of your mobile transfers.
- Choose a Strong Password
You will mostly be required to create an account for sending funds online. Make sure that you choose a strong password for your account. Avoid selecting your name, date of birth, etc. as passwords like these are some of the most common options that someone would try if ever your account is compromised.
Ensure that your password is a combination of upper and lowercase letters, numbers, and symbols. Also, never share your password with anyone.
- Use Trusted Internet Connection
Last but not the least money transfer tip is using a trusted internet connection. While you can now find Wi-Fi connections at many different public places like restaurants, cafes, stations, etc. avoid using them for initiating a fund transfer.
The connection might be hacked, and your account details could easily be compromised. So, use your own mobile data or a trusted Wi-Fi for online transfers to India.
Ensure Enhanced Safety for Online International Money Transfers
Keep the security tips mentioned above in mind before initiating every international transfer to India. Over time, these would turn into healthy habits that will not just make your online international transfers but your entire digital life safe and secure.
Disclaimer: “The contents of this article is meant merely for informational purpose. Any reliance placed on such information is therefore strictly at one’s own risk.”