Cyber security is a very important issue that many people tend to overlook when initiating international money transfers. Cyber fraud and theft cases have become quite common. Therefore, there is a strong need to be careful with banking information that you mention in online remittances.
There are few common mistakes that you need to avoid when you transfer money to India:
Be careful with your bank login information and try not to log in to your bank account from internet connections that are not secure. For instance, internet connection in a restaurant or public place may not be secure for conducting online money transfers.
Make sure you don’t have a simple and easy-to-guess password for your online banking account or your account with the remittance agency. If you have a strong password (preferably combination of numbers and alphabets) it will be difficult for fraudsters to access your account.
Don’t make the mistakes of using an unsecure device for sending money. The device you use (be it laptop or tablet) should be free from virus. It should have the latest anti-virus software installed so that your banking information remains safe.
Another mistake that people make when transferring money to another country is that they fall into the trap of fraud email senders. At times, you may receive emails, asking you to transfer some money to a particular person in order to get a gift or some sort of benefit. Make sure you don’t fall into this scam because these fraudulent emails should be avoided.
Last but not the least, don’t make the mistake of choosing a service provider that is not licensed. Only a reliable provider will offer you competitive Singapore to India exchange rate along with low transfer fee and 24/7 customer service.
There are few common mistakes that you need to avoid when you transfer money to India:
Be careful with your bank login information and try not to log in to your bank account from internet connections that are not secure. For instance, internet connection in a restaurant or public place may not be secure for conducting online money transfers.
Make sure you don’t have a simple and easy-to-guess password for your online banking account or your account with the remittance agency. If you have a strong password (preferably combination of numbers and alphabets) it will be difficult for fraudsters to access your account.
Don’t make the mistakes of using an unsecure device for sending money. The device you use (be it laptop or tablet) should be free from virus. It should have the latest anti-virus software installed so that your banking information remains safe.
Another mistake that people make when transferring money to another country is that they fall into the trap of fraud email senders. At times, you may receive emails, asking you to transfer some money to a particular person in order to get a gift or some sort of benefit. Make sure you don’t fall into this scam because these fraudulent emails should be avoided.
Last but not the least, don’t make the mistake of choosing a service provider that is not licensed. Only a reliable provider will offer you competitive Singapore to India exchange rate along with low transfer fee and 24/7 customer service.