Banking with confidence
How to Evaluate a Bank’s Safety Practices
No single feature can guarantee that an account or institution is free from risk. You can make a more informed choice by checking official information and understanding the protections and responsibilities that apply to your accounts.
Questions to ask
- Is the institution a bank, and what deposit insurance applies to the account?
- What account security tools are available, and how can you report suspicious activity?
- Where can you find current fees, rates, terms, and privacy information?
- How can you reach customer support if you notice an unfamiliar transaction?
Verify important details
Use official regulator and deposit-insurance resources to verify an institution and understand coverage. Deposit insurance has limits and rules; eligibility depends on factors such as ownership category and how deposits are held. Read the institution’s current disclosures and ask questions about anything unclear.
Protect your own access
Use unique passwords, turn on available multi-factor authentication, keep devices and software updated, and review account activity regularly. Do not share passwords or verification codes with anyone who contacts you unexpectedly. Confirm payment instructions using a known contact method.
Review Noven CreditUnion’s security guidance and contact the bank through a trusted channel if you have a question about your account.