Do you calculate your bank statements or do you trust the bank?

Best Answer:

DEBS: I review the online statement. I do not reconcile it unless something seems out of the ordinary. In the past it was smart to do, but with everything being tied electronically the error rate is minimal at best.

Other answer:

DEBS:
i review the online statement… i do not reconcile it unless something seems out of the ordinary… in the past it was smart to do, but with everything being tied electronically the error rate is minimal at proper…
Stan:
I check it over month just to be on the safe side
Casey Y:
Both, I can get pretty close without using any calculator or software. I do the same with my credit card transactions and balance.

Many banks offer you the ability to export data to various formats; so you could move them to a spreadsheet program and work out the numbers from there.

Lence Krzalovska:
Yes, I do !
tro:
always reconcile my bank accounts
Richard:
I check my statements every time I get them, but I think that all banks are honest in that manner. They won't try to fake your debits and credits: instead, they will hammer you with goofy nuisance fees.
Lolly:
I don't bother with the bank statements now that I can check my balance any time I want to online. I check off cleared items and compare the bank balance to the register balance. It's actually easier that way.
L. E. Gant:
Both… but it always pays to check.
Flower:
The term is "reconcile" your bank statement and you should do it.

Leave a Reply

Your email address will not be published. Required fields are marked *