Protect Your Money in a Digital World

Financial apps can help you bank, save, invest, budget, and more. And for many consumers, they’ve become an indispensable part of daily life. However, when it comes to security, data privacy, and protecting your sensitive information, not all apps are the same.

Apps, apps, everywhere

  • Millennials use an average of 6 financial apps
  • Consumers use an average of 5 apps[1]

Security and privacy perceptions meet reality

Financial app users prioritize privacy

  • 89% are concerned about data privacy and sharing
  • 56% want to know which financial accounts can be accessed by third parties[2]

But they’re unaware of how/when apps access their data

  • Less than half
    • Consumers that believe finance apps can access personally identifiable information.
  • Almost all
    • Financial apps that access personally identifiable information

Protect your data and dollars

Fortunately, there are ways to use apps while still protecting your data—and your bank can help.

Get educated about your apps

  • Read the terms and conditions of any app you download as well as the privacy policy
  • 79% of consumers don’t read financial app terms and conditions[3]
  • Check to see if your bank shows you where you’ve shared your data

Increase your security measures

  • Change your passwords on your bank accounts regularly
    • 56% of consumers use the same password for multiple apps[4]
  • Enable two-factor authentication for changing account information
  • Leverage security on your devices such as fingerprint or password login

Pay attention to the details

  • Understand app-related fees
  • Learn the process for avoiding or resolving if you've made an incorrect or inadvertent transaction
  • Contact customer service immediately if you have a security issue