How Safe Is VPN For Internet Banking?

When Can You Use VPN For Internet Banking

Written By: VPNShazam Articles

March 10, 2019

How Safe Is VPN For Internet Banking?

Internet banking is an electronic mode of payment that lets customers of any financial institution undergo transactions through their website. Financial Institutions mostly are banks. Although banks try very hard to keep your money safe, identity theft and fraudsters are still a big concern. A simple yet effective way to keep your money safe is with VPN (Virtual Private Network). But is VPN really safe? To know that we need to understand VPN. VPN is a tool that provides a secure tunnel for your information to pass online. VPN encrypts your data and does not leave any traces so neither a hacker no your ISP can track your online activity. Your IP address is changed to VPN server’s IP address and therefore it is not possible to trace or hack. So VPN for internet banking is always preferable.

 

When Is VPN For Internet Banking Not Useful?

 

Using a Free VPN

We never recommend free VPN as nothing comes free, your data will be shared by third party vendors to keep their services going. Moreover free VPN are more prone to IP leaks and cannot support all functionalities. Also many people prefer free VPN so load time would be higher and speed would be lower. Never ever perform online transactions on a free VPN as protection against hackers is not guaranteed. Also check our article Paid VPN vs. Free VPN to know more.

Changing Locations While Accessing Bank Accounts

VPN offers you to change your location and connect to any server across the world. But while performing a bank transactions you should not change your location as bank will treat that as a fraud and chances are high that your card will be blocked. You need to notify your bank before leaving country. So if you are using a VPN for internet banking always connect to the server in your home country.

 

When Can You Use VPN For Internet Banking?

 

Dealing with online transactions

If a bank account is compromised it is not less than a disaster,  and without a VPN sensitive information like your name, bank details can be hacked thereby stealing your identity as well as your money. VPN not only encrypts your online data but also keeps your online transactions safe. Also VPN providers like VPNShazam never share your information with third party sites. Read our terms and conditions to know more. Read our article Check Out The Most Common Types Of Hacking to discover about hacking techniques.

Using Public Wi-Fi

Connecting to a public Wi-Fi is very risky and dangerous as mostly it is open network. Hackers can easily hack your device and steal your sensitive information. Also, hackers create fake free Wi-Fi networks to lure people in their trap and then steal their information. So, while browsing and mainly while performing online transactions on a public Wi-Fi make sure that you have subscribed to VPN. It will mask your IP and hide your location so hackers even on the same network cannot hack you.

VPNShazam is one of the best VPN providers with across 1800+ servers across 140+ countries and over 300,000 IPs. You can securely change your location with just one click. VPNShazam protects your identity, encrypts all your online information thereby evading hackers and snoops. With fastest VPN speeds and unlimited data transfers VPNShazam is your perfect companion for your all round online security and privacy. With an amazingly low price of just $2.5 per month grab the deal now before it ends. Click here to order VPNShazam now.

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