Sending money online has become part of everyday life. Whether you’re paying a friend back for dinner, splitting rent with a roommate, or sending money to family, digital transfers are fast, convenient, and widely available. For many people across the Seacoast, online payment apps and digital banking tools have become the go-to way to move money, and banking with Piscataqua Savings Bank makes it even easier. With our online banking platform and integrated tools, you can send and receive money quickly and securely, all from your account.
But while these tools make life easier, they also require a little extra awareness. Cybercriminals increasingly target digital payments, and once money is sent electronically, it can be difficult to recover. Understanding a few key do’s and don’ts of sending money online can help protect your finances and keep your digital banking experience safe.
Do Use Trusted and Verified Platforms
One of the most important steps in safe online money transfers is using platforms you know and trust. Stick with secure online banking tools provided by your financial institution or established digital payment services, such as Zelle.
Many community banks offer built-in digital banking services that allow you to transfer funds, pay bills, and send money directly from your account. For example, Piscataqua Savings Bank’s online banking platform provides customers with secure tools, like eAlerts, eMobile, and eDeposits, to manage their accounts, move money, and monitor transactions in one convenient place.
Because these services are integrated with your bank, they typically include advanced protections such as encryption, fraud monitoring, and multi-factor authentication. Services like Zelle are also considered a safer option for many digital transfers because they operate directly within participating bank apps and websites.
Before sending money online, take a moment to confirm a few key details:
- The website or app you’re using is legitimate and secure.
- You are logged into the correct account.
- Your device and apps are updated with the latest security patches.
If you’re unsure whether a payment platform is trustworthy, it’s always best to pause and verify before proceeding.
Do Double-Check Recipient Information
When sending money digitally, accuracy matters. Many platforms process payments instantly, which means even a small typo in an email address, phone number, or account number could send funds to the wrong person.
Before confirming a payment:
- Verify the recipient’s name and contact details.
- Confirm the amount you are sending.
- Review the transfer confirmation screen carefully.
If you’re sending money to someone for the first time, it can also help to send a small test payment first. Once you confirm the recipient received it, you can proceed with the full amount. This extra step can prevent costly mistakes and provide peace of mind.
Do Monitor Your Accounts Regularly
Regularly reviewing your online banking activity is another simple but powerful way to protect yourself. Make it a habit to check your bank accounts and digital payment apps for unfamiliar transactions.
Many banks allow you to set up:
- Account alerts for payments or transfers.
- Notifications for unusual activity.
- Two-factor authentication for additional security.
These tools can help you catch potential issues early and respond quickly if something doesn’t look right.
Don’t Send Money to Someone You Don’t Know
A common tactic used by scammers is requesting digital payments from people they’ve never met in person. These requests might come through email, text messages, social media, or online marketplaces.
Some red flags to watch for include:
- Requests for urgent payments.
- Messages claiming to be from a friend or family member in an emergency.
- Someone asking you to move a conversation off a secure platform.
- Requests for payment using unfamiliar apps or unusual methods.
If something feels off, trust your instincts. Never send money to someone you don’t know or cannot verify.
Don’t Fall for Pressure or “Too Good to Be True” Offers
Scammers often rely on urgency to pressure people into making quick decisions. They may claim an immediate payment is required to secure a deal, fix a problem, or avoid a penalty.
Common examples include:
- Fake online purchases or rental deposits.
- “Investment opportunities” promising guaranteed returns.
- Requests to pay fees to claim prizes or winnings.
In reality, legitimate businesses rarely demand immediate digital payments without proper documentation. If you feel rushed or pressured, pause and verify the request independently before sending money.
A Safer Way to Bank on the Seacoast
Digital banking and online money transfers are incredibly convenient, but a little caution goes a long way. By using verified platforms, double-checking recipient details, and staying alert to suspicious requests, you can safely manage your money online.
If you have questions about secure online banking, digital payments, or fraud prevention in Portsmouth and across the New Hampshire Seacoast, your local bank can help. At Piscataqua Savings Bank, our team is committed to helping customers bank confidently with secure tools, trusted guidance, and personalized support.
Have questions about digital banking or safe ways to transfer money online? Visit Piscataqua Savings Bank in downtown Portsmouth or explore our online banking resources to learn more.
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