Not everything should be shared


Do you think that Bank ID fraud is only reserved for criminal circles? Often yes, but it turns out that Bank ID fraud happens more often in close relationships than many people realise.

Shared economy

If you are married or cohabiting, it is common to have joint finances and often one of you takes responsibility for paying the monthly expenses. This can be a good arrangement, but in this case, contact your primary bank to set up your partner as the manager of your accounts.

Bank ID is your personal digital identity, it should never be shared, even with your trusted loved ones. Perhaps that seems overly strict, but in the cases where our customers have been victims of Bank ID fraud, it is unfortunately most often in close relationships. You can think of lending your Bank ID as giving others access to forge your written signature.

Couple sitting and looking at a computer

We have seen close relatives and spouses taking out consumer loans in the other person's name, sold shares/funds, obtained credit cards, bought goods or emptied their entire savings account. Usually you won't notice until it's too late. Your bank will also not notice if someone other than you uses your Bank ID password.


So what should you do?


  • Always hide your Bank ID password, even from those you trust.
  • Never write down your password where others can see it.
  • Do not use a password that others can guess (e.g. date of birth, name of children or other special dates)
  • Use a unique password that you don't use anywhere else.
  • Change your password regularly.
  • Keep an eye on your online banking.
  • Contact your bank immediately if you think someone is misusing your Bank ID
  • Do not click on links you receive by email or SMS. Instead, log in to the sender's website to sign with your Bank ID if necessary. You can also contact the sender to check if they have sent the message.

Tips for a little more control in online banking.

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Usually the bank will help you if someone has stolen your card or defrauded you. However, if you have shared your Bank ID and personal password yourself, you may be held liable as it is your responsibility to keep your Bank ID hidden.

So, in order not to let your digital identity be misused, we encourage you to keep it hidden.

Financial advice

This article is part of the Financial advice category, a collection of articles that deal with topics related to personal finances, such as family, children, lifestyle, work, home and housing, car and motor, cottage and leisure, life changes, savings and investment. Read more about Financial advice

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