When it comes to fraud, the first goal is to avoid it. The second, to spot it right away if it does happen. Read on to learn about four smart tools to protect your money.
From keeping a close eye on your account to paying securely, The Bank of Missouri has tools you can use to help keep your money safe.
Keep close watch on your account with our app
Your Bank of Missouri account comes with a convenient mobile banking app. That means account activity is at your fingertips any time. It’s a good idea to check your account daily for any unexpected activity. Simply, download the mobile banking app to get started.
Quick tip: Use facial recognition to log in faster. The first time you log in, you’ll enter a one-time code and your password. After that, turn on facial recognition to quickly get into your account without typing your username and password.
Set transaction alerts
You know you can use the app to check your account daily. But wouldn’t you like to know right away if a charge was made that you didn’t expect? Set custom alerts to know when money leaves your account. You’ll get an alert when a transaction is pending and when that transaction has posted.
To set up alerts, tap into the account you’re setting alerts for. Then, select the dollar amount over which you want to be notified. While you can enter any amount, set it to $0 if you want be notified any time money leaves your account.
Choose to receive alerts by text, email, in-app message, or all three.
In addition, The Bank of Missouri watches for suspicious transactions. We will notify you if we spot a concern. However, criminals can sneak purchases by. You know better than anyone if a purchase was real. That’s why getting alerts gives you extra protection.
Pay bills electronically
Sending checks in the mail for payment can be risky. If someone gets their hands on your check, they have your name, address and account number. Avoid mailing payments by paying bills electronically in our app. From the menu, navigate to “Bill pay” to get started. Once you have your payees saved, making a payment is super fast!
Make purchases with your phone’s mobile wallet
This one is a feature of your phone, not our app. You can add your Bank of Missouri debit card to your phone’s mobile wallet. But is that safe? Using your mobile wallet can actually be safer than using a physical card. When you add your card to the wallet, it’s encrypted and can only be accessed when you unlock your phone. Plus, when you pay, it shares a unique, temporary token with the store instead of your actual card details.
Learn more about using a mobile wallet >>
When it comes to fighting fraud, it’s important to stop it before it happens and spot it right way if it does. Use tools to keep an eye on your account and pay securely. You’ll also want to avoid sharing private info with scammers, learn how to spot scam texts and keep your debit card safe.
If you’re ever in doubt about potential fraud on your bank account, call The Bank of Missouri at 888-547-6541. Our team is here to help!