Be Sure To Keep Track Of Linked Bank Accounts Online

There's tons of internet companies that sell products and/or offer "safe" online transaction services. Payment options on online auction sites, for example, usually consist of payment by cash, personal check, money order, credit card, or checking account. You'll want to be especially cautious of paying online using your checking account information.

Vendors often advertise payment from your checking account because it allows customers the financial freedom of a debt-free transaction. Paying from your checking account also allows you to avoid credit card finance charges. Some companies even offer lower costs when customers pay directly from their checking accounts as opposed to credit cards.

But remember, handing out your bank account information leaves you vulnerable to fraudulent charges. Just as a company has the capability to credit your checking out with the money you made on a sale, they also have the information and access necessary to withdraw money from your account at a moments notice.

On the other hand, using a credit card when making online purchases protects you from fraudulent charges. You can always dispute a charge with your credit card company. But once money has been removed from your checking account, it's especially difficult to get that money re-deposited. So remember, when it comes to online shopping, it's best to pay with a credit card.