Best VPN for Banking

Best VPN for Banking

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Gone are the days of standing in long queues outside a bank to do a transfer or withdraw cash for making purchases. In just a few minutes, you can do all this and more from your smartphone, thanks to online banking.

With this convenience comes risk, though, and cybercriminals are finding new ways to obtain users’ banking information every day. If you’re banking on the go using public Wi-Fi, you’re at a greater risk because there aren’t any security measures to secure your connection on these networks.

Fortunately, you can bank without fear if you’re connected to a VPN service. A virtual private network (VPN) lets you encrypt your connection, hide your location, and keep your personal banking information away from prying eyes.

However, choosing the right service isn’t always easy. Do a quick Google search, and you’ll be bombarded with hundreds of options. Knowing which ones are reliable for online banking can be confusing.

We have done the hard work for you to bring you five incredible VPN services that you can count on to keep you safe online.

1. Best VPN for Banking 2022

Here are our top five recommendations:

1.1 NordVPN – Best Overall VPN for Banking

nordvpn Banking VPN

Our number one choice of VPN service for banking is NordVPN. In addition to providing a vast selection of servers from which to choose, NordVPN also offers military-grade 256-bit encryption and all-around fantastic service. Without a doubt, it’s one of the best options for internet banking.

NordVPN follows a rigorous no-logs practice, which means you’ll never have to worry about your information getting into the wrong hands. Even if the NordVPN database is compromised, your banking data will not be at risk.

Another strategy that third parties use to spy on you is malware. Fortunately, NordVPN has a CyberSec function that blocks all malware and online ads, so you can browse the net and bank whenever you want to without worrying about your online safety.

Other features include:

  • A DoubleVPN, which means that your connection will be encrypted twice
  • DNS leak protection
  • Onion over VPN
  • An internet kill switch
  • Unblocking capabilities

NordVPN review


1.2 ExpressVPN – Fastest VPN for Banking

expressvpn Banking VPN

Another VPN service that’s serious about privacy is ExpressVPN. It follows a stringent zero-logs policy, which is supported by TrustedServer technology (a sophisticated technology that frequently removes data from the VPN’s servers) and confirmed through an audit by security specialists PricewaterhouseCoopers.

This ensures that your banking information is never compromised because the VPN never records or saves your data, so even if a government entity issues a subpoena, there will be no information to share.

Additionally, you have access to a kill switch that safeguards you if an unintentional service outage occurs.

You can rely on ExpressVPN’s network of servers, located in over 90 countries worldwide, to help you bypass account restrictions because banks can restrict your access when they notice a login from another location.

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ExpressVPN features also include:

  • WireGuard, L2TP, OpenVPN, PPTP, IKEv2, and Lightway protocols
  • 256-bit AES encryption
  • Streaming
  • Unblocking of geo-restricted content

ExpressVPN review


1.3 CyberGhost – Safe VPN for Banking

cyberghost Banking VPN

Another great choice of VPN for banking is CyberGhost. It is operated by Kape Technologies PLC, the company behind other lead VPNs, like ExpressVPN, Zenmate, and more. This gives you the assurance that you’re working with a reliable service provider.

With over 7,400 servers spread over 91 countries, CyberGhost also offers a wider server network than ExpressVPN, which means you can use it to bank securely wherever you are in the world.

You can modify CyberGhost’s smart rules functionality to make your VPN work the way you need it to. It’s perfect for public Wi-Fi because you can configure it to notify you or connect to a VPN server automatically whenever it discovers a new unprotected Wi-Fi network.

CyberGhost features include:

  • AES-256 encryption
  • A dedicated IP address (available at an additional cost)
  • An internet kill switch
  • Protection from DNS leaks
  • A rigorous no-logs policy

CyberGhost review


1.4 Surfshark VPN – Best Budget VPN for Banking

Surfshark Banking VPN

If you’re looking for an affordable VPN for banking, SurfShark is a fantastic choice. It doesn’t compromise on security features despite being one of the most affordable VPNs.

Surfshark has a NoBorders feature that is helpful for getting around geo-restrictions in repressive nations like China, and a camouflage mode that masks your internet traffic. Given that you have access to more than 3,200 servers across 65 nations, Surfshark is unquestionably value for money!

It includes an internet kill switch, 256-bit encryption, and good connection speeds for everyday use when banking on the go.

This VPN might not be everyone’s first pick because you don’t gain access to as many server locations as you would with other leading VPNs like NordVPN or ExpressVPN. However, if one of their servers is close by, Surfshark is an excellent option to consider for internet banking.

It offers a number of other features, including:

  • Obfuscated servers
  • Fast, secure protocols
  • Unlimited simultaneous connections


1.5 PrivateVPN – Unlimited Server Switches for Banking

PrivateVPN Banking VPN

Our final choice is PrivateVPN. This VPN service has the smallest server network compared to the other VPNs on our list. However, it is still an economical and reliable choice that can help you safeguard your banking information from prying eyes.

The VPN doesn’t retain any record of your browsing history, so you don’t ever have to worry about your financial information reaching any third parties. It has 200+ server locations in 60 countries, so you shouldn’t have a problem connecting to a server if you live in these places.

However, if you intend to use it mainly for streaming or bypassing geo-restrictions, we recommend going with one of the other VPNs on our list.

You can connect up to 10 devices to the service at once, so you can bank securely on your phone or laptop while streaming your favorite series on your smart TV using PrivateVPN.

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Other features include:

  • OpenVPN, PPTP, L2TP, IKEv2, and IPSec protocols
  • Unlimited server switches
  • SOCKS5 and HTTP Proxy
  • 256-bit encryption


2. Frequently Asked Questions

In the section below, we’ll take a look at some of the most commonly asked questions about VPNs for banking.

2.1 Why Do I Need a VPN Service for Online Banking?

If you’ve never used a VPN before, you’re probably wondering why you would need one for banking. Here are a few reasons why connecting to a VPN when accessing your bank accounts is essential:

  • It keeps you safe from hacking attempts, government entities, and malicious third parties that can use your information to target you
  • VPNs can block malware and online ads that can be used to spy on you
  • You can use it to unblock your account if you’re overseas by connecting to a server in your country
  • It gives you peace of mind that your connection is safe, secure, and private

2.2 How Will a VPN Keep My Banking Information Safe?

These VPNs use IP-masking technologies and military-grade encryption to safeguard your banking information.

To prevent hackers from decoding your login details, passwords, and account numbers, the VPN will use encryption to convert your data into an arbitrary series of symbols, letters, and numbers. Then, to mask your true location, the VPN reroutes your traffic through one of its secure servers.

2.3 Should I Use a Free VPN for Banking?

If you’re trying to save on cost, you might be tempted to use a free VPN when banking online. However, we don’t recommend this for a few reasons.

Firstly, most free VPN services do not offer a no-logs policy. This means that they may be logging your browsing history, collecting information about you, and selling it to third parties.

Secondly, these VPNs don’t offer the same level of security that a paid service does, so there’s no guarantee that you’ll be safe when transacting on your banking app.

These networks are often a lot smaller, too, which means that you may have problems connecting to a server, speeds may be slow, and you might not be able to use it to access your banking platform if you’re visiting another country.

2.4 What Should I Look for When Choosing a VPN for Banking?

When deciding on a VPN service for banking, security and privacy are the two most important factors to consider. Here are a few things you should look for before making your choice:

  • No-logs policy
  • Malware and online ad blocker
  • Automatic Wi-Fi protection
  • Military-grade, 256-bit AES encryption to keep your information private
  • Servers in your country to ensure that you have a secure connection
  • An internet kill switch to ensure that you’re protected even if you lose connection
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2.5 Will My Bank Flag My Account for Fraud If I Access My Account with a VPN?

Banks have stringent security measures in place to safeguard your finances. This means that it will flag your account for fraud if it detects someone trying to access your account from another country. If you use a VPN for online banking while connected to a server in another country, you may be locked out of your bank account.

3. Final Thoughts

As technology evolves, so are the techniques used by hackers to gain access to your personal information. Fortunately, you can safeguard your data using one of the reliable VPN services on this list.

VPN Service

Price: $11.95 $3.71/month
Servers: 5500+ in 59 countries
Simultaneous connections: 6
Jurisdiction: Panama
Payment: PayPal, AmazonPay, Crypto, Google Pay, Klarna
Torrenting: OK
Unblocks US Netflix: Yes
Dedicated IP: $70/yr
TrustPilot Score: 4,7/5
Money-back: 30 days
Extra: Double VPN, Obfuscated servers
Visit NordVPN »

Price: $12.95 $8.32/month
Servers: 3300+ in 94 countries
Simultaneous connections: 5
Jurisdiction: British Virgin Islands
Payment: PayPal, Crypto, AliPay, Klarna,
Torrenting: OK
Unblocks US Netflix: Yes
Dedicated IP: Not provided
TrustPilot Score: 4,7/5
Money-back: 30 days
Visit ExpressVPN »

Price: $11.99 $2.25/month
Servers: 6600+ in 89 coutrines
Simultaneous connections: 7
Jurisdiction: Romania
Payment: PayPal, Crypto
Torrenting: OK
Unblocks US Netflix: Yes
Dedicated IP: $51/yr
TrustPilot Score: 4,8/5
Money-back: 45 days
Visit CyberGhost »

Price: $11.95 $2.49/month
Servers: 3200+ in 65 coutrines
Simultaneous connections: Unlimited
Jurisdiction: British Virgin Islands
Payment: PayPal, Crypto, Google Pay, Amazon Pay
Torrenting: OK
Unblocks US Netflix: Yes
Dedicated IP: Not provided
TrustPilot Score: 4,3/5
Money-back: 30 days
Visit Surfshark »

Price: $9.60 $3.33/month
Servers: 6500+ in 140 coutrines
Simultaneous connections: 10
Jurisdiction: Hong Kong
Payment: PayPal, Credit Cards
Torrenting: OK
Unblocks US Netflix: Yes
Dedicated IP: $35.88/yr
TrustPilot Score: 4,7/5
Money-back: 31 days
Visit PureVPN »

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