Should you use a separate computer for online banking?

When so much of your financial life lives online, protecting the device you use to access your money deserves some extra thought.

Nancy from Baton Rouge, Louisiana, recently wrote to us asking whether keeping banking and investments on an entirely separate computer could provide another layer of protection.

"I've had several clients tell me they have bought a computer that is only used for online banking, financial institutions and anything to do with their investment accounts.

Is this a good strategy for protecting some of your assets? What are the upsides and what are the downsides?" Nancy, yes.

Using a separate computer only for banking, investments and other financial accounts can add a meaningful layer of security.

I especially like this approach for someone with substantial savings or retirement assets.

It can also make sense if you simply want to keep your financial life separated from everything else you do online.

However, buying another computer will not make your accounts untouchable.

How you set it up and how you use it are what make the strategy worthwhile.

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