Managing YourChecking Account
Keep track of your money andavoid unexpected fees
With advances in technology, you can now manage your account from virtually anywhere. With online and mobile banking, you have complete access to your account activity and recent statements.
Writing a Check
All parts of a check must be filled out except the memo line. Think of a check as a promise to pay someone money from your account.
Endorsing a Check
Your signature gives the bank permission to collect the amount of the check and deposit the funds into your account. Checks must be signed exactly as it is written on the front of the check, even if it is misspelled. Make sure you sign the back of the check before depositing a check including the use of mobile check deposit.
Making a Deposit
- Deposit Slip: Fill out the date and information on what you are depositing: cash, checks, and the amount. If you are taking cash back from your deposit, enter it in the bottom line of the deposit ticket and sign the slip. Don't forget to endorse the check you are depositing.
- Direct Deposit: Set this up with your employer. You will typically be required to provide a blank, voided check or specific account information. This typically provides easier - and faster - access to your money because you don't have to drive to your bank or use mobile check deposit (which may have fees).
- Mobile Deposit (for checks only): Endorse the check on the back. Follow the instructions on the App. - take a picture of the front and the back of the check with your phone and send it to the bank. Fees can be associated with this service so check with your institution.
Reconciling Your Account
Whether you use a check, debit card, or electronic register, the information and how you fill it out is the same. Fill out type of item, date, item description, amount (either a debit or credit) and then add or subtract that item from your running total. Make sure you include any fees associated with the transaction.
Sample Check Register
Reconciling Your Account:
- Compare your register to the bank's statement. Check off all items in your register that are on the bank record.
- Look for differences. Subtract any bank fees and add interest and record them in your register. Make sure the transaction amounts match. ATM fees and checks/online bill pay items are often overlooked and can create an unbalanced account that incurs overdraft fees.
- Make sure that your balance matches what the bank thinks you have, not including items that haven't cleared yet. These are most likely checks, ACH direct debits, and online bill pay items.
- Speak with a representative if you need clarification or think there is an error on your account.