I’m a JPMorgan Chase Advisor: 4 Costly Banking Mistakes Putting Your Money at Risk

Core Insights - The article emphasizes the importance of managing bank accounts securely and highlights common mistakes that can jeopardize personal finances and information [1] Group 1: Common Banking Mistakes - Using weak passwords and neglecting two-factor authentication can leave bank accounts vulnerable, especially if the same password is used across multiple sites [2] - Regularly updating passwords with a complex combination of characters and using a password manager is recommended, along with enabling two-factor authentication for added security [3] - Relying on paper checks is increasingly risky due to rising instances of check fraud; digital payment options like Zelle or wire transfers are suggested for better security and tracking [4][5] Group 2: Security Awareness - Bank impersonation scams are becoming more prevalent, and individuals should be cautious of unsolicited messages requesting sensitive information or urging immediate action [5] - In case of suspected issues with accounts, it is advised to contact the bank directly using the official phone number found on debit or credit cards [6] - Many banks offer free monitoring and security tools that can help detect early signs of fraud or identity theft, and utilizing these resources is encouraged [7]