A salary account is your portal to access your hard-earned income. Generally, the bank branch of the account is closer to your company address than your residential address. This is because salary accounts are opened in bulk by the employer with a particular bank.
Employers usually choose a bank branch that is close to the office location for easier coordination, processing of salary credits and other corporate banking needs. Hence, as an employee, it is really critical that you can easily access your salary account and make the most of its features.
Learn how you can effectively manage your salary account remotely.
Tip 1: Set up your account for online banking
Once you have the details of your salary account, register for online banking services. For this, you just need your customer ID. Here, you will be required to set up a password to log in the next time. Keep these credentials with you to access your salary account online from anywhere, anytime.
By creating this account, you can manage every banking activity online, whether you want to check your balance, monitor transactions or make transfers.
Tip 2: Register on the mobile banking application
Besides net banking, banks also offer the convenience of accessing your account through an app on your smartphone. Applications have a more streamlined and intuitive user interface, which loads faster and also sends push notifications.
This helps you stay informed about your salary account. You can do so much more with them. For instance, set up alerts, automatic transfers, and bill payments. You can log in using PIN, fingerprint or facial recognition to access your account in a safe and fast manner.
Furthermore, there are authentication factors for making every transaction. This makes mobile banking apps highly secure.
Tip 3: Use the different customer support channels for assistance
If you can’t visit the bank branch, there are so many other channels for communicating with a representative. This includes:
- Chat ─ Many banks have live chat support on their sites, which provides quick assistance.
- Phone support ─ There are specific toll-free numbers that you can call and get customer support.
- E-mail ─ For disputes and queries, you can also contact the bank through e-mail.
Tip 4: Activate secure transactions
As you manage your salary account remotely, you will be using online channels. Therefore, it becomes critical to secure your transactions. To do so, ensure you follow the below practices:
- Use strong passwords ─ Don’t go with the obvious passwords like birthdate, phone number, etc. Create a unique password that is a combination of letters, numbers, and symbols.
- Do not share your credentials ─ Avoid writing down your login credentials where they are readily accessible. Either memorise your PIN/password or make a note where nobody can access it.
- Stay aware of frauds ─ Be on the lookout for scams and phishing attempts. Always verify any communication from your bank before taking action.
- Activate two-factor authentication ─ Turn on two-factor authentication to add an extra layer of security to your account. This makes unauthorised access more difficult.
- Update your app regularly ─ Ensure your mobile banking apps are updated frequently to benefit from the latest security features and patches.
Tip 5: Make the most of doorstep banking
Some banks offer doorstep banking. Here, you can get basic banking activities like depositing cash or cheques or making demand drafts, etc., without visiting the branch. You may have to pay charges, but you can get the job done.
And if this isn’t available, you can still manage most transactions online. However, when necessary, you can schedule your visit to the branch at a convenient time to handle tasks that require in-person attention.
Endnote
To maximise the benefits of your salary account, automate your savings by setting transfers to your primary account. And if you don’t have a separate account, you should consider opening a zero balance account online. It will help you avoid impulsive purchases and save more.
Other than that, make the most of debit card offers, loan benefits and insurance coverage of your salary account. Constantly monitor your account to track spends, identify investment opportunities and be informed about your financial standing.
