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Kim Komando Today

Online banking: How to safely manage your finances, digitally

Kim Komando Today

WestStar Multimedia Entertainment, Inc

News, Tech News, Technology

4.8770 Ratings

🗓️ 4 August 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

What do you do when you get a physical check? Say goodbye to driving to the bank to deposit it. Now, you can just fire up your banking app, sign, snap a few pictures and that’s it. But do you know how to set yourself up to bank online the safe way? Kim's got all the steps you need to know.


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Transcript

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0:00.0

The other day, my mother showed me a $26 check, and she asked me to take her to the bank so she could deposit it.

0:08.4

Normally, I would have no issue with this, but we are in the middle of a pandemic. I'm not taking care of

0:13.5

anywhere in public. She's an 80-year-old woman who just kicked fourth stage pancreatic cancer's butt,

0:20.4

and plus, there's no need to go to the bank

0:22.3

anymore to just deposit a check. You simply fire up your banking app. You take a picture

0:26.8

at the front of the check. You sign and write deposit only on the back. Take a picture of it,

0:31.8

say how much the deposit is, and you're done. Now, banks do advise you to keep the physical

0:36.9

check until the deposit actually

0:38.8

post. I showed mom how to use her banking app and afterwards she said, wow, this tech is really

0:44.5

going to change things. Yes, she said it in that Brooklyn accent. Because so many are banking online

0:50.7

now, you need to know how to do it the right way, the safe way. So here's a podcast

0:55.2

re-released not too long ago. That goes through it all. And just remember, I used to be a banker,

1:00.3

but then I lost interest. Oh, I know. That was a bad one. All right, sit back and enjoy. And if you

1:05.8

learn something, let me know at Twitter.com slash Kim Commander.

1:14.1

Online bankers. at Twitter.com slash Kim Commander. Online banking.

1:15.6

It's so simple, right from the comfort of your own phone.

1:18.9

But don't get too comfortable.

1:21.0

Just because it's super convenient doesn't mean that it's safe.

1:25.0

In a bank lobby, there's usually a security guard watching over your money,

1:29.5

but there's no security guard online. And the days of bank robbers with those masks and guns,

1:35.4

they're long gone. Now it's the days of scammers and hackers and data miners. And they're just

1:41.8

sitting and waiting to ambush you digitally as soon as you log into your

...

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