Electronic banking makes life easier, but it also leaves you more susceptible to fraud when it comes to your funds.

Helping protect your virtual pot of gold is BillGuard.

Fits the bill

BillGuard is an iOS and Android app that describes itself as the most advanced identity theft protection service ever created for a phone.

The app keeps you secure in a number of ways: first by tracking all of your bank account and credit card spending, then creating spend analytics, which compares your cash flow and expenses month-on-month. 

BillGuard also uses "Transaction Intelligence" to keep an eye out for any suspicious looking activity on your accounts. 

If several other BillGuard users report suspicious activity or charges on their accounts, you'll receive a notification.

Personalised touch

Besides keeping tabs on your outgoings, BillGuard also alerts you if someone tries to open a bank account, credit card or loan using your details.

It also tracks your cards and informs you when they are used away from your current location.

Finally, BillGuard contacts you if your card has been used at any websites that have experienced data breaches.

BillGuard has a free basic package, while the Pro version starts at US$2.99 per month. Potentially a lot less than identity theft might set you back.

To find out more visit billguard.com.