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Be Truthfull: Checking Accounts

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Originally posted by: Sundog
What is the longest time period you have ever gone without completely balancing you checking account. I know quite a few people that check over the phone or online to see how much they have, but they never balance out the account. The keep an approximate virtual balance in their minds---but never know for sure.
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I am one of those people you mentioned. I have never balanced my checking account, but I check it online often.
 
3 years and then I started overdrafting and got charged about 30 per overdraft.... so after that... I check my balance everyday...
 
Never, I always know what my current balance is and the last three transactions that went through. I check online usually every three days to make sure everything has posted.
 
If the bank and I are within $200 of each other's figures it's a good day🙂

Thanks heavens for OD protection🙂
 
Obvioulsy, most of you still live with Mommy and Daddy and have no bills of your own.

I write out an average of 10-12 checks per month and the amounts vary. My checkbook is balanced to the penny. Except when I pay for somethign with the debit card and forget to deduct it from my account! Motherf#@$@@er!
 
Originally posted by: MichaelD
Obvioulsy, most of you still live with Mommy and Daddy and have no bills of your own.

I write out an average of 10-12 checks per month and the amounts vary. My checkbook is balanced to the penny. Except when I pay for somethign with the debit card and forget to deduct it from my account! Motherf#@$@@er!
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Yeah I go anal if my balance is a penny off of what I expect. That's pretty hard though since I use M$ Money
 
Wow I'm shocked at all the people that say no. If the bank steals money from you: a penny, a dollar, or thousands of dollars, you have only 30 days to let them know about it. After that you are out your money. I'll be damned if I will let that happen to me. To balance a checkbook means you add up how much should be in it and compare that to the amount the bank says is in it. If you have more in there than you added, you got free money - if you have less the bank got free money. If you don't balance you will never know the bank made a mistake and you are out lots of money.

Supose you scribble a check for $68 and the teller sees it and takes out $98 dollars by accident. If you trust them (like looking at the ATM or the online account) then you will never catch that $30 mistake - you lost that money forever.

I balance mine with each monthly statement. It takes what 2 minutes? And I do a lot of check writing. I only found one mistake so far, but I called them and they immediately gave me my $20 back.
 
I've had a checking account for 5 years and only balanced it twice.

I know... not the smartest thing to do.😛
 
Originally posted by: dullard
Wow I'm shocked at all the people that say no. If the bank steals money from you: a penny, a dollar, or thousands of dollars, you have only 30 days to let them know about it. After that you are out your money. I'll be damned if I will let that happen to me. To balance a checkbook means you add up how much should be in it and compare that to the amount the bank says is in it. If you have more in there than you added, you got free money - if you have less the bank got free money. If you don't balance you will never know the bank made a mistake and you are out lots of money.

Supose you scribble a check for $68 and the teller sees it and takes out $98 dollars by accident. If you trust them (like looking at the ATM or the online account) then you will never catch that $30 mistake - you lost that money forever.

I balance mine with each monthly statement. It takes what 2 minutes? And I do a lot of check writing. I only found one mistake so far, but I called them and they immediately gave me my $20 back.
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I had an exact instance of this. Had a receipt (charge slip) from a store for 28.56. Four months later I was putting the entire year into quicken, and I discovered the CC statement said $280.56, not $28.56. When I wrote to the CC the said I was SOL because it was after 60 days.:|
 
about 2.5 months
rolleye.gif
 
To the penny...

One of the reasons I first bought a PC was to use Quicken, it was a godsend.

Now I pick up the newer versions of M$ Money when they nearly give it away right before a new version comes out.
 
To those of you that have never balanced any accounts (which is finding out exactly how much $$ you really have in an account at a given time by balancing out the existing $$ against any incoming or outgoing funds) have probably never had a bank make a mistake in one of your accounts, either that or you are blind to it because you never balance your accounts.

Also you probably have never been a victim of ID theft or CC fraud.

I catch the bank all the time making errors of 1, 2 or 10 cents on checks, call it human error that someone can not read the writing on the check. I have also found other errors, improper transactions, etc.

PLUS....try keeping track of mortgages, 401(k)s, Roth IRAs, Educational IRAs and TAXES in your heads....NOT.
 
Any checks we write (as few as possible) we write down the amount in the checkbook, but since I do everything online and have for years I never ever balance. I have a constant idea of how much is in the account.
 
Originally posted by: Skoorb
Any checks we write (as few as possible) we write down the amount in the checkbook, but since I do everything online and have for years I never ever balance. I have a constant idea of how much is in the account.
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Yes but as your sig says, you are also Canadian......oh, wait.....It's jedi that have super mind powers.
 
how do u balance a checkiing acct?
i just have it in my head and check everyday online to make sure its kosher
 
In my checkbook? Not since the first week I opened the account. I check it online every day though.
 
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