6 tips to get digitally savvy and safe in 2025

As a new year rolls around, you might be thinking about setting new money goals or getting on top of your family finances. It’s also a great time to do your digital diligence to keep you and your money safe from scams. Here are our 6 top tips to get digitally savvy and safe in 2025.

1. Set up automatic transfers to your savings

One of the best ways to make saving part of your default money routine is to automate it. Use e-banking to set up an automatic transfer on a recurring frequency, like every time you get paid, to send a regular amount to your savings. That way, there’s no admin, no excuses and no distractions. Over time you build up the habit of regular savings without even thinking about it.

2. Open a high interest savings account

If you’re working hard to save money, you want your money to be working hard too. Setting up a high interest savings account like the Bendigo Bank Reward Saver, helps you earn more interest on your savings balance. Plus, you can get rewarded for regularly increasing your balance by accessing bonus interest.

3. Set up your PayID

PayID is a fast and secure way to make and receive payments without the need for a BSB and account number. It uses your mobile number, email address or ABN as a unique identifier to your bank account. When you enter someone’s PayID, or they enter yours, the name attached to the PayID will be displayed, providing additional verification that the money is going to the correct account.

4. Get familiar with card controls

Card controls can help you manage how your card is used, which can protect you from fraudulent transactions. You can temporarily lock your card if you misplace it, and even control the locations and merchants where the card can be used. Blocking overseas transactions can help you stay safe from scammers trying to use your details fraudulently.

5. Update your passwords

It’s critical to update your passwords regularly, and a new year is a great reminder to do so. While you’re at it, try switching to passphrases instead of passwords. These are memorable phrases that are harder to guess than common password formulas like names or birthdays.

6. Ensure multi-factor authentication is set up

Multi-factor authentication (MFA) is an additional layer of security used to verify your identity when accessing your account. Rather than simply entering your login credentials – which can be easily compromised by scammers – MFA prompts you to use multiple verification methods to ensure you’re really you. This can include one-time passcodes, facial or fingerprint recognition, or an authenticator app.

For more support on getting digitally savvy and safe in 2025, visit the Bendigo Bank Digital Hub.