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Check Balance Tips |
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Here are a few tips for balancing your check book:
- Balance your checkbook every month. It's much easier to find a mistake in one month's worth of transactions than waiting until things get way out of hand.
- Keep an accurate register. Make sure you record your checks correctly, record deposits correctly, record all ATM and debit card transactions, and record all fees and dividends.
- What is recorded in your register should match your monthly statement. Indicate (with a checkmark or some other mark) in your register what has cleared on your statement. If you find things on your statements that are not in your register, write them in and add or subtract accordingly.
- Look for common errors: basic addition and subtraction, reversing numbers, subtracting a deposit, automatic payments not deducted, ATM/debit card transactions not deducted, and fees or dividends not accounted for.
There is a worksheet on the back of the first page of every statement. It goes through the following procedure to help you balance.
After you have checked off everything in your register, start with the end of the month balance on your statement.
| Ending balance from your statement |
$__________________ |
| +Any deposits made that are not on the statement |
+$__________________ |
| =Subtotal |
$__________________ |
| -Any checks/debits that did not appear on the statement |
-$__________________ |
| =Total |
$_________________* |
Have any other questions about balancing your checkbook? Ask a Member Services Representative by email, click here.
Note: The email link above is not sent over a secure connection. Confidential information should not be included in this method of communication.
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Thursday, Sep 09
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