Monthly Statement - (l itmmy w DATE NUMBER DESCRIPTION OF...

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Unformatted text preview: (l itmmy- w, DATE NUMBER DESCRIPTION OF TRANSACTION PAYMENT/ DEBIT DEPOSIT/CREDIT FEE BALAN CE (-) (+) (F T ANY) 3 MID-m..- ---I l--_—- Il-_I --——I-Il--I minim CW") MONTHLY STATEMENT 0 Lists each monetary transaction and the current account balance for a specified time period 0 Includes: 0 Dates 0 Identification for each transaction (number or type, date, amount) 0 Transaction amounts for Withdrawals and/ or deposits 0 Interest earned (if applicable) 0 Fees or charges (if applicable) RECONCILING A CHECKING ACCOUNT O Reconcile . \ocaam star «1. im «a 5r. “We «Surname res; 0 Do this every month to ensure the correct balance in the checkbook 0 it“? :3: %\‘\§’) TE‘Q {fit (‘30-? Vac“a\w‘@{e ((1 ‘w Mex“ 43‘“ WM»: “:31 ‘16): C} STEPS FOR RECONCILING 0 Make sure every transaction listed on the statement matches the check register 0 Place a check next to each item once it has been double-checked between the statement and register. Do this for both Withdrawals and deposits 0 Identify any outstanding transactions in the check register 0 Items which have not cleared are not listed on the statement I. Start With checking account balance on the statement 2. Add any outstanding deposits 3 Subtract an )1 outstanding Withdraw wals 4 Compare tlus result W1th the current balance 1n the check register { these should match) “Elm mix/no, Shawn Ow WW“ all; . CHECKING ACCOUNT/SAFETY 0 If a checkbook, ATM, and/ or debit card becomes lost or stolen 0 Immediately report it to the financial institution 0 File a report with the police 0 Reported lost/ stolen checkbOok: 0 Financial institutions generally do not hold the account holder liable for any fraudulent charges 0 Reported lost/ stolen ATM/ debit card: 0 Within 2 business days 0 (foam lag Rubi» mt 6:3 ’34; O Longer than 2 business days 0 39.13% m; CONCLUSION Research before choosing a financial institution and checking account! Follow the ALL the procedures for keeping track of your checking account! Report a lost/ stolen checkbook, ATM, and/ or debit card immediately! CONGRA TULA HONS’ W'EAREPHWSPED WYYTJNOYES? CIRCLE THE FACE THAT ILLUSTRATES HOW YOU ARE FEELING! ...
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  • Fall '11
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