How to Keep Tabs on Your Money in 6 Convenient Ways

It's important to keep track of your bank balance and the amount of available funds. When you log in to your account on a regular basis, you can see exactly where you stand financially and catch any potential issues (like fraud or errors) early on. Be sure to differentiate between your

It's important to keep track of your bank balance and the amount of available funds. When you log in to your account on a regular basis, you can see exactly where you stand financially and catch any potential issues (like fraud or errors) early on.

Be sure to differentiate between your account balance and your available balance once you've viewed both.

Anytime and anywhere, you can view your account balance and more information about your account in an online format. First things first, check your bank's online portal for your account details. A mobile app is also an option, and it will be explained further down. You should normally look for a "Login" or "Account Access" button. Select "Register" or "First-time User" if this is your first visit. ”

There's no harm in giving online banking a shot if you've never done it before. Online banking services typically include more than just balance checks; customers can typically transfer funds to other accounts, pay bills without having to physically send a check, and more.

Accounts can be accessed from anywhere with the help of mobile phones, tablets, and other devices. To check your bank account balance while you're on the go, most financial institutions have apps (or at least mobile-friendly websites) available. Most apps extend the capabilities of a computer's desktop version.

For instance, mobile check deposits are becoming more commonplace, allowing customers to forego unnecessary trips to the bank in favor of instant access to their funds.

Setting up text messaging with your bank is the quickest way to use your phone for banking. In some cases, you may be able to check your account balance without even logging in.

Checking account balances as of late can be obtained from an ATM. You can use your ATM or debit card by inserting it and following the on-screen prompts. Use an ATM that is affiliated with your bank (or one that is part of your bank's ATM network). At most other ATMs, fees apply even if you don't take any money out. Checking your account balance at a "foreign" ATM may result in additional fees from your financial institution.

Check your balance the old fashioned way by calling your bank. Most banks have automated systems that provide account information 24/7, though you may only be able to speak to a human being during certain hours. It could take some time to get set up to use those systems (you might need to create a PIN, for example). As soon as you get things rolling, however, it will become routine.

You can avoid the hassle of constantly checking your bank account by opting to receive push notifications whenever certain events occur. An extra layer of protection for your account has been added automatically.

I'd like to receive an alert whenever your account balance drops below a certain threshold or there is a sizable withdrawal. In that case, have your bank notify you via email or text message. In most cases, you can alter the frequency with which you receive messages and the specific amounts of money mentioned in them. If you have set up alerts, you can rest assured that everything is in order until you hear otherwise from the bank.  

It's still a good idea to check in on your account every so often, alerts or no. In order to receive the full protection of federal law, you must promptly report any errors or fraudulent transactions.

Finally, if all else fails, visit a branch of your bank in person. It's becoming increasingly difficult to interact with a teller, and some banks even charge extra for one-on-one service. If you use a credit union that participates in a shared branching network, however, you may have access to thousands of branches across the country.

However, before seeking out human assistance, you should become familiar with the available self-service options (listed above). As a result, you can do your work whenever and wherever it is most convenient for you.

Keep in mind the type of balance you see when you check your bank account. Most banks display both your total account balance and your available balance (the amount you have available to spend or withdraw today) when you log in to your account online or through their mobile app.

Because of things like debit card authorizations, upcoming bill payments, and deposits that haven't yet cleared, your available balance is typically less than what you think you have (what you think of as your "account balance"). Those funds are currently unavailable, but they may become accessible in a few days.

Account balance checks are unnecessary if you practice good money management and maintain a positive net worth.  

You'll have a better idea of your account's future trajectory than your bank does. You can trust your own records more than the bank's if you write checks or make purchases before the money reflects in your account.

There are a number of ways you can keep tabs on your account. Use alerts to keep track of potential issues and mobile apps that keep information handy. When you keep careful financial records, you gain insight into your finances and learn when deposits clear (and can be used).

Finding the best bank for you will be a matter of personal preference, such as whether you prefer doing your banking over the phone or in person. On the other hand, if you anticipate frequently incurring overdraft charges due to insufficient funds, it is prudent to select a checking account that does not impose account minimums or monthly fees.

It is your responsibility to pay back any money you owe because of an overdrawn bank account. If you want to close your bank account, you probably won't be able to do so until the balance is zero again.

I appreciate your comments.

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