Password Manager for Bank Accounts

Most people have dozens to hundreds of accounts with passwords online, some of them storing financial data. The idea that anybody would have a strong, unique password for every one of these accounts, never write them down, memorize them all, is just impossible. 

 

Luckily, that’s what password managers like Passwarden are for. Especially when it comes to online banking, bill-paying, shopping, and other accounts for financial operations and services. You don’t want to risk jeopardizing such vital information and risk it falling into the wrong hands!

Safeguard your sensitive info with our reliable password manager

Password Manager for Banking Fast Facts

To figure out why Passwarden is so important for financial and banking accounts, you need to understand a few facts:

 

  • Password management software allows to store, manage, and generate strong, unique passwords for online accounts. As such, Passwarden provides access to those passwords via a Master Password created by you, the user.
  • Passwarden also stores and secures other sensitive data, like logins, user IDs, credit card data, personal identification numbers, software licenses, etc. This means that you don’t have to memorize or write down any of these - the only thing you need to remember is the Master Password.
  • Various password managers differ based on where they store your passwords and data. Most commonly, it’s either in your browser or on your device. However, these options are not the safest, and totally not safe enough when it comes to securing your banking information. That’s why Passwarden instead stores your data in the cloud in the encrypted form.

Are Password Managers Safe for Bank Accounts and Financial Information?

To answer this question, one must first understand the risks of not using password managers for bank accounts. You’re either using weak, non-unique passwords, or have to somehow keep track of multiple accounts and passwords - likely by storing them via unsecure means like sticky notes or online sheets. Considering such alternatives, password managers like Passwarden are useful and reasonably secure tools. 

 

However, when using a password manager for your banking and other financial accounts, you need to ascertain how safe it is. You want to pick one where your passwords and banking data are exclusively available to you, so that no one, not even the app’s developers can view it. Passwarden just happens to be one such password manager!

Passwarden Bank Accounts Protection

Our password manager protects your financial and banking information by means of cloud data storage.  Passwarden synchronizes your data across our cloud servers using top-notch encryption. Your passwords and data are available to you anytime, while remaining totally protected from any unauthorized parties, including even KeepSolid’s employees!

 

Passwarden’s data synchronization looks like this:

  1. Any new bank accounts and financial data in your Vaults are immediately encrypted on your device with the AES256-GCM protocol.
  2. The encrypted data is synchronized across Passwarden cloud servers, to be stored unreadable to anyone without your Master Password.
  3. As soon as you log in to your account with a proper KeepSolid ID, our cloud servers send the encrypted data to that device.
  4. To decrypt your data, you will be prompted to enter your Master Password. It is then encrypted with the EC p-384 protocol and sent to the cloud servers. 
  5. Once we verify that you’ve entered a correct Master Password, you get access to your Passwarden data.

Protect your bank accounts and financial data with Passwarden

Try out Passwarden right now and protect your business passwords, financial information, and bank accounts with our password manager!