online banking

What's the most secure PC for online banking?

Acer Chromebook 15

Episode 1530

Ryan from Santa Barbara, CA

Ryan's bank wants him to do more banking online. He wants to buy one computer that is 100% dedicated to online banking. Leo says that's a good idea, and Leo would recommend a Chromebook. Chrome is incredibly secure and is the most popular browser out there. The Acer Chromebook 15 is one of the best for the money, and at $250, it's a bargain.

Is my Chromebook secure for online banking?

Samsung Chromebook Plus

Episode 1476

Ray from Homosassa, FL

Ray has a Chromebook and he wants to use it for online banking. When he logs into his account, though, it doesn't take his password. He has reset the password, but after one login, it locks him out. Leo says that Ray is probably not inputting the right password. He could be mixing up a few letters. Using the Chromebook's autofill feature would be a good idea. That way, the first time he logs in, it will remember it. And the Chromebook is very secure, so Ray shouldn't need to worry about security.

Is my banking information safe?

Google Chrome

Episode 1384

Mike from Granada Hills, CA

Mike is worried that Google has all of his banking information. Leo says it's not to worry about. They don't have it. If anything, his browser has that information and that's much more dangerous. It may be a good idea to reset his browser to get rid of all that. Then turn on second factor authentication to make sure that any attempt to change his password or access his account will be stopped. Mike shouldn't worry about Google, though. They're quite secure, and Chrome is a secure browser.

Is Linux safe for banking?

Episode 1347

Tom from Tehachapi, CA

Tom has an old Windows computer and he does online banking and shopping. Would it be safer to install Linux on his PC? Leo says that as long as "https" can be seen, he's secure. Leo also recommends using either Android Pay or Apple Pay for an additional layer of security. That doesn't send his credit card number at all. Linux is far less hackable. Using a Chromebook would also be an affordable option, and it's very secure as well. It's the easiest solution, and they're very cheap.

What computer would be safest for online banking?

Episode 1194

Robert from Pittsburgh, PA

Robert wants to know if it's possible to get a virus with read only media. He wants a computer for online banking that can't be written to. Leo says that's an interesting idea. The ideal solution here would be a Chromebook. They're cheap, there are no viruses, and it comes with a power wash feature that brings it right back to the way it was when he first got it. Couple that with second factor authentication, and he'll be golden. He could also boot from the CD drive and that would prevent anything from being written to it.

How can I protect myself when banking online?

Episode 1070

Dave from Bellflower, CA

Dave wants to know the best way to protect himself when banking online. Leo says that it's obvious that banking personally is far more secure than banking online. But coupling the convenience of online banking with very limited liability, it's hard not to take advantage of it.

Leo recommends using two factor authentication to protect his password because it requires an authentication code sent to his phone. He should make sure he is using "https://" when connecting to his bank's site. His bank should be using that automatically.

Is banking online safe with the iPhone?

Episode 1033

Waxman from California

Waxman sometimes logs into his bank with his iPhone and is concerned about malware. Apple must approve all apps in the app store, so there aren't viruses to warrant needing an antivirus program. The apps are also segregated with no data sharing between them. So it's a pretty closed system. Android, by contrast, allows for the sale of antivirus apps because it's pretty wide open. The bigger issue is the wireless networking that he's using. But the bank data is encrypted, so there's no real issue.