These days, it seems like everything is digital — especially when it comes to financial transactions.
Instead of budgeting with pen and paper, writing a check, or paying in cash, you’re likely handling many financial tasks online. But while today’s digital landscape is convenient, you may wonder whether it’s safe.
Linking your bank accounts to financial tools and apps often involves a range of security measures, but there are still risks to be aware of. Here’s what you should know before you connect your bank accounts to a third-party service.
If you use a budgeting app, digital wallet, or a peer-to-peer (P2P) payment platform, chances are you’ve already linked your accounts to these tools.
When you link a bank account to a financial tool or app, you’re essentially allowing the two to share information. For example, if you link your checking account to…