by *Carol ~Bronx Southern Belle Y.
Member since:
January 16, 2007

Do you check over your bank statements?

June 17, 2007 02:45 AM UTC
views: 0 | comments: 21

If you don't you're probably losing money.  Not a month goes by that I don't find a mistake.  Somebody charges me for a service I didn't get.  I ordered something but never received it.  Last month, my husband asked me what I bought on Ebay for $485. and paid for through Paypal.  I didn't.  Someone opened an Ebay account through my Bank America and paid for it with my new Paypal Account that I never opened. 

Charge cards are the same way.  I rarely use them.  So it helps, but the little charges appear, and they are often charges that the bank put on that you were unaware of.  For example, I was charged for disabilty insurance.  I had receive 90 days free, and then the bank started charging me for it.  But I never signed up for it. 

I could go on, but suffice it to say, check your statements.  Sometimes, I do so with dread, but don't let fright keep you from your money.  It will pay you back many times.  In fact, my bank compliments me on my diligence.

Comments: 21

Lori F. Jun 17, 2007, 2:47am UTC
I watch my bank balance and credit card statements like a hawk. I can tell you to the penny almost what my balance is.
It never occurred to me that others wouldn't check! Wow. To my bank's credit, they are usually right on.
Jill~Sexy Back~ V. Jun 17, 2007, 2:58am UTC
I check all of my statements very thoroughly! I am probably a little paranoid about false charges or identity theft, etc....but better to be safe then sorry!
I pride myself on keeping up on all the activities in my bank accounts and credit card accounts, they hardly ever make a mistake but I like to make sure anyways, thanks Carol.
carolyn b. Jun 17, 2007, 7:53am UTC
Sorry about that and thank you for letting us know.
Teresa W. Jun 17, 2007, 8:05am UTC
Great article and reminder. I watch my online bank activity nearly every day and it helps to keep the mistakes down.
Apryl Just Apryl Jun 17, 2007, 10:14am UTC
Oh My, I recently went throught he same thing. Someone phished my paypal acct for over $800.00. It took two weeks to get it straight and paypal returned the money but my bank was absolutely no help!
Joe Corso Jun 17, 2007, 11:00am UTC
Yes regularly check on line then when the statement comes.
Bonnie S. Jun 17, 2007, 6:46pm UTC
Good article, I never open my statements I just go by what they say I have. I guess that's not a good idea. I am going to start checking them now. Thanks for the article.
Larry H. Jun 17, 2007, 7:24pm UTC
I check my bill every month to see if anything is on it i didn;t put on it..
James C. Jun 18, 2007, 1:40pm UTC
How the heck did they get you bank account numbers? Until you know the answer to that you're still in jeopardy! I check mine and I do have a paypal account which I've not used for a couple of years. I've never had this type of occurrence, thank goodness!
*Carol ~Bronx Southern Belle Y. Jun 18, 2007, 6:50pm UTC
My husband found a $435. charge. I don't know how they did it, but they opened a paypal account using my other bank. I have my paypal account linked to a bank that I keep $75.00 in, so I can make purchases on Ebay. How they managed to open an account using my Bank America account, is beyond me. Paypal paid me back and I had to change all my account numbers. The point being, check and recheck. If it had been a smaller charge say $29.00, I never would have caught it. Now, I match each statement to my purchases. It's really getting scary.
Lisa J Jun 18, 2007, 11:35pm UTC
Great article.
Amy B. Jun 19, 2007, 7:30am UTC
I check and reconcile all my statements every month and check my credit reports every four months as well (I stagger the three free annual ones so I get a different one every four months). I've never found a mistake yet, but it's much better to be safe than sorry. I work too hard for my money to be that careless with it.
Thomas Leggate Jun 19, 2007, 2:13pm UTC
In a word no, I don't. My monthly statements are filed unopenned unless absolutley neccesary to grab a cancelled check or something of the like. I depend heavily on online banking, balancing to the penny on a daily basis. In fact, I get to work 15 minutes early every morning and it's my first task of the day.
♥ Adair ♥ K. Jun 19, 2007, 4:34pm UTC
I reconcile my statement every month and I also check online everyday. I mainly check online cause the hubby will use his card and never give me the receipts.
Mary (diet dr pepper junkie) T. Oct 12, 2008, 10:25am UTC
good reminders, thanks!
Amy Ostrander Dec 27, 2008, 10:11am UTC
I am sad to say - I never even LOOK at my statements!!!! BUT, I do alot of online banking so I see charges and what's going on with my account daily!
Meagan T. Jan 6, 2009, 8:28pm UTC
I always check over mine and I always check it. The other night I was going over my stuff and I couldn't find 2 cents form my back statment. Eveyone was like let it go but im such a perfectionist I sat there till I found it. =]

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