How Safe Is Online Banking in 2025? Threats, Protections, and Best Practices

Online banking is now part of everyday life, but how safe is online banking? In the UK, over 

90% of adults now use online or mobile banking (FCA).

As we rely more on digital services to manage our money and personal details, feeling secure online has never been more important. But as digital transactions grow, so do the security risks. So, is mobile banking safe? The good news is you can protect your finances and identity by understanding the latest threats and the steps you can take to avoid them.

How Safe is Online Banking?

Online banking is generally safe in 2025 if you use trusted banks, follow recommended security practices and stay alert to new cyber threats. Nowadays, banks use advanced encryption, two-factor authentication and fraud detection tools, but you can also take action to protect your personal information.

Online Banking Risks You Should Know About in 2025

In 2025, cybercrime and online scams have become more sophisticated, making it easy to get caught off guard. Security threats to be aware of include:

Phishing Scams

Cyber criminals and hackers use deceptive emails and messages to trick customers into revealing their personal information. According to UK Finance, phishing scams account for 75% of reported cybercrime in the UK.

Malware Attacks and Information-Stealers

When malicious software compromises your devices to steal personal data such as login credentials and financial information.

AI-Powered Fraud

Artificial intelligence is used to create fake identities and deepfakes (manipulated images, videos, or audio that appear convincingly real), so it’s difficult to tell the difference and makes scams harder to detect. In 2023 alone, UK banks stopped £1.2 billion in fraud attempts (UK Finance).

Account Takeovers

When fraudsters gain unauthorised access to your online banking account, often by stealing your login details through phishing, malware, or weak passwords. Once inside, they can transfer money, change account settings, or lock you out entirely.

With these security risks growing every day, what precautions can you take to protect your personal information and money when banking online?

Suits Me’s Commitment to keeping your money safe. 

We prioritise the safety of our customers’ information. That’s why we offer built-in security features to help protect your money.

Encrypted Transactions

All transactions are protected with advanced encryption standards, meaning your personal and financial data is scrambled into a secure code when sent online, so only you and your bank can read it.

24/7 Monitoring

Customer transactions are monitored 24/7, making sure your account is safe and we can take action immediately if anything appears unusual.

Dedicated Support

Our customer service team is available to assist with any security concerns or queries.​

We understand the importance of trust in banking, especially for individuals who have faced barriers with traditional banks. Our mission is to provide a secure and accessible accounts for everyone. With 327,000 customers, 58.2 million payments and £2.073 billion transacted, our advanced technology protects our customers’ details for peace of mind.

At Suits Me, we have a dedicated security centre to ensure that your money is safe. But what can you do to stay safe when using online banking?

Online Banking: How To Keep Your Details Secure

You can help protect your financial security from data breaches with the following actions:

Use Strong and Unique Passwords

Avoid common passwords and passwords that contain personal information, and update them regularly.

Enable Two-Factor Authentication (2FA)

Add an extra layer of account security with multi-factor authentication. When you log in to your bank’s online banking app or website, you’re often prompted to enter a password or PIN. You may also be required to enter a security code sent to a registered device or be asked to answer a security question. You can now enable Face ID for online banking transactions, so no one else can authorise payments or changes.

Be Cautious of Phishing Attempts

Don’t click on suspicious or unusual links or provide information to unverified sources. If you’re unsure, don’t click on anything or share your personal details over the phone or via message. If you’re suspicious of a message or phone call, you should contact your bank directly. Plus, be extra cautious if you’re on public wifi.

Regularly Monitor Account Activity

Keep a close eye on transactions and report anything you didn’t authorise immediately. It’s handy to have a mobile banking app for checking transactions instantly. At Suits Me, you’ll receive a call from our customer service team for any unusual account activities so you’re always in the know.

Keep Your Devices Updated

Ensure that your digital devices have the latest security updates and antivirus software so you can be alerted to threats or they can be blocked entirely.

For more information on Suits Me’s security features and how we support our customers, visit our Security page.

Ready for a safer banking experience?

Join thousands of UK customers who trust Suits Me for secure, accessible accounts to manage their money. Open your account today.