Tips for Monitoring Your Balance

by | Oct 24, 2017 | Bank

One of the best developments of this century is the fluidity of information across various devices. Banking has kept up with these trends, offering applications that easily transition from smartphones to desktop computers to keep you on top of your banking. However, while this is convenience at its peak, the most important aspect of these tools is the fact that you can keep a constant watch on what’s happening with your account. With all the information at your fingertips, here are some things to keep in mind when monitoring your banking activities:

1. Keep Records in Different Places

The Balance advises that keeping a duplicate record of your transactions using Excel, or even pen and paper, can be extremely effective in ensuring that your money is being properly accounted for. Internet banking is the perfect tool to then cross-reference your handwritten transaction notes with what’s been recorded by your bank as fact. If you need to dispute transactions or follow up on purchases you don’t recognize, the sooner it’s done, the better.

2. Integrate Bill Payments with Tools

Centralizing your bill payments all in one place can act as a great boon to keeping track of your bank balance. You can plan your finances in advance and follow up with pre-scheduled payments by using the bill pay services that most banks offer. Bill pay is a common feature that many customers take advantage of since it makes paying bills that much easier. You don’t have to think about due dates or when a transaction will be coming out of your account, because it’s already planned in advance.

Monitoring your bank account balance and all the transactions that take place during the day is an important tactic to ensuring that your money is safe and sound. With today’s banking tools available online, it’s much easier to keep a watchful eye on your account activity.

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