PRODUCTS & SERVICES INVESTMENTS RATES COMPANY Mobile Banking Banking on-the-go using a mobile phone, personal digital assistant or tablet is safe and convenient, and an educated user can help keep it that way. What Is Mobile Banking? Just as the name implies, Mobile Banking is a system that allows customers of The Stock Exchange Bank to conduct financial transactions through a mobile device such as a mobile phone, a personal digital assistant or a computer tablet. In general, there are three ways Mobile Banking can provide this convenient access to your accounts: Mobile app - Our bank offers a special "app" (a software application designed for a specific purpose), allowing you to login to your accounts and conduct business. Mobile web browser - This allows you to login to your account through the internet using your phone's browser and internet connections SMS/text - You can set up text alerts or text your bank for information about your accounts. Are There Risks With Mobile Banking? As with other forms of online banking, Mobile Banking has some inherent risks. These can be minimized using some common sense precautions (see "How Do I Make Mobile Banking Safer?"). A major factor contributing to the risk of Mobile Banking is the failure to treat a cell phone or tablet like a computer. Consider the following: As much as 36% of users don't even lock their devices with a simple PIN or password. Few consumers have any form of anti-malware software on their mobile devices and, with little consideration for security, many are willing to download apps from virtually any source. Because they are mobile, cell phones and tablets are regularly used on public networks, which are inherently less secure. Making matters worse, customers are far more likely to lose a mobile phone than a laptop. If your mobile device is lost or stolen, you could fall prey to identity theft and account hijacking. Beyond accessing your online accounts, thieves can access other saved passwords and sensitive information. (To guard against this, explore one of the many security apps that will erase the devices content remotely.) How Do I Make Mobile Banking Safer? Don't get phished - Avoid clicking on links in text messages or emails, since these links may lead to malicious websites or downloads Don't save login information on your mobile device, especially to online banking or e-commerce sites Have a passcode on your device and set it to auto-lock after a certain period of time Before downloading any app, make sure it is from a known provider, then read the app's privacy policy to make sure that it is not sharing your personal information Carefully review your mobile phone bills for any suspicious charges or activity Create secure passwords and keep your PIN safe. Change your password often, and do not use your pets' names, your child's name, or any birthdays Consider installing a security app from one of the known and reliable security providers When used properly, Mobile Banking can be just as safe as any other form of online banking. Safety and security begins with treating your mobile device the same as a computer or laptop. Then, additional measures to safeguard against loss of the device, as well as use on public networks, can go a long way toward personal safety. And finally, if you are like most people, you usually know where your phone is - often within arm's reach 24 hours a day. If you lose it, you know it almost immediately, unlike a wallet or a credit card, and can notify your bank before any damage is done. Online Banking Login Quick Links Mobile Banking Investment Services Rates ID Theft Victims About Us Privacy Policy DISCLOSURES & NOTICES Privacy Policy USA Patriot Act Notice CONTACT US The Stock Exchange Bank Box 1008 Woodward, Oklahoma 73802 Phone: (580) 256-3314 Site Map Click to download Acrobat Reader ©Copyright 2021 by The Stock Exchange Bank All rights reserved. Back to Top