dullard
Elite Member
- May 21, 2001
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The main reason is that banks can and do make errors. I've caught an error from my bank once where they withdrew the wrong amount for a check. How would you like to be screwed out of lets say $100? If you never compared the bank's record with your own record, how would you know that you were missing money? And if you wait too long, you lose out forever.Originally posted by: JLGatsby
I don't see why anyone would need to balance their checkbook. I know from memory, no not to the exact penny, but I can remember to the nearest $50. But I rarely write checks.
Balancing a checkbook can take just a few seconds. Most of us here just open the bank's webpage and make sure that what was credited/debited matches what we just spent/deposited. It is very simple to do. Scan through the numbers on the website and compare them to numbers you (a) memorized or (b) wrote down yourself.