Is It Safe to Use a VPN for Online Banking?

Chyelle Dvorak
Contributing Writer, VPNs
Read More
August 24, 2020
3 min read

We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our disclosure policies to learn more.

Yes, it is safe to use a VPN while doing your online banking. Whenever you’re traveling, using public Wi-Fi at a hotel, coffee shop, or restaurant, you should use a VPN to keep your information from the prying eyes of internet hackers. We recommend that you don’t do online banking on public Wi-Fi, but if you have to, it’s important to use a VPN. When you use a VPN for online banking, you ensure that your account information is kept private.

With online banking, you’re using personal information, bank account numbers, secure passwords, and in some cases, social security information. If hackers see your information while you're online banking, they could steal money from your account, make you a victim of credit card fraud, or even steal your identity.

When should I use a VPN for online banking?

You should always use a VPN when online banking. If possible, only do your online banking when you're at home (not using public Wi-Fi). However, even when you’re home, you should use a VPN for added privacy. This is especially important when online banking. Many people use VPNs on tablets and laptops but forget about their phones. However, your phone is susceptible to hackers especially if you use mobile online banking apps.

Have you ever sat in a coffee shop while working on a work project and then wanted to check the amount of money in your bank account? I know from personal experience, I always want to check private information at the most inconvenient time.

As soon as you log into your mobile banking app, your information is exposed for cybercriminals to steal. Remember to install a VPN on all of your devices, not just your laptop. Many VPN providers offer connections on up to five devices or more per individual plan. Take advantage of this deal.

Is there anything I shouldn’t do when using a VPN for online banking?

As a matter of fact, yes there is. If you’re using a VPN for online banking and you keep switching your server location, it’s almost a guarantee that your bank will notice. Choose a server location, and stick with it. That way, your bank won’t freak out, and it won’t seem like you’re unexpectedly traveling the world.

Your best option is to connect to a server in the same country as you when doing online banking. If your bank blocks one of your transactions because they think it’s fraud, you can always call them and let them know it’s you.

How does a VPN help keep my online banking safe?

Your online banking is safer when you use a VPN because your information is encrypted. Instead of connecting straight through the public Wi-Fi, the VPN allows you to access the internet through an encrypted “tunnel.” The VPN tunnel gives you the ability to use the internet with more freedom, privacy, and safety. Once your data travels through another server, it cannot be traced. And if there’s any info you don’t want cyber criminals tracing, it’s your banking information.

How much does a VPN protect me when I am online banking?

Even though a VPN will help protect your privacy considerably, a VPN cannot guarantee that you won’t be hacked. Whenever you do online banking (whether you have a VPN or not), make sure you use a secure password and practice good internet safety habits. If your banking password is the same as your Twitter, and your Twitter gets hacked, your banking information is also compromised.

A VPN will help protect your privacy and will certainly help you when online banking, but only you can create a secure password. Remember, a VPN is a tunnel that encrypts your data. It cannot protect you from viruses or guarantee that you won’t be hacked. If you want to maximize your safety, make sure you change your passwords at least once a year to lower the chances of being hacked. It helps to create a password with random characters to make it harder to guess. After following internet safety, just make sure you use a VPN when online banking.

Now that you know if you can use a VPN for online banking, here are your next steps.

Check out the best VPN options available

10 internet safety tips to protect yourself online

Chyelle Dvorak
Written by
Chyelle Dvorak
Chyelle works as a freelance writer for The Daily Beast and edited articles for Forbes,, Fox News and other review sites. Chyelle tests, writes, and researches products and services related to internet consumption. She found her passion for public speaking and writing in her childhood when she won the Voice of Democracy speech and essay competition. Chyelle has a degree in International Relations from Crown College, Minnesota. Outside of work, Chyelle loves to spend time reading, kayaking, and running.

Related Articles

Woman using a laptop for a conference call discussing the best internet service providers
8 Best Internet Service Providers 2022
Looking for the best home internet options? Read on to compare download speed, price, and...
A man with dark hair and a beard pays bills on his laptop while lying on a couch
5 Best Internet Deals of December 2022
Save money with the best home internet deals this month, including Xfinity deals, AT&T deals,...
Grandmother sitting on couch in living room watching cable TV
Basic Cable Packages and Channels Guide
We’ll help you find the best basic cable package for your living room and your...
Woman looking at cellphone outside
Visible Wireless Cell Phone Plans Review
Looking for a simpler cell phone plan? Visible Wireless is a no-nonsense prepaid provider that...