social

Online Banking Advice


Gold Post Medal for All Time! 519 Posts
April 30, 2007

Beware that if you have online banking, the balance may not be accurate. I have yet to have it explained to me clearly but lately, in the PM the night before, I had a plus balance and the pending items were some transformed into NSF, despite an incoming automatic deposit.

Advertisement

I was just told "keep better records" and I am becoming increasingly aware that the online balance is only approximate (and computerized banking practices seem to have changed in favor of the bank and getting fees) so I will be much more careful in the future!

By pam munro

Comment Was this helpful? Yes
Read More Comments

3 Questions

Ask a QuestionHere are the questions asked by community members. Read on to see the answers provided by the ThriftyFun community or ask a new question.

April 17, 2009

To help keep track of internet banking, I keep a special page in my agenda dedicated to all my banking transactions done online; date, which account, amount, and the reference number. That way I don't need to print them out and have it right beside me ready to use. It does not reveal any pin numbers or full account numbers and so is safe in that regard.

By Bellevillelady from Belleville, Ontario, Canada

Editor's Note: Do you have any tips and tricks for keeping track of online banking and bill pay? Post your advice here.

Answers

April 19, 20090 found this helpful
Best Answer

I use online banking to check our balance every day and also to see what checks or debit card charges have cleared. My husband and I rarely carry cash, so to make sure I deduct the debit card charge from my checkbook, when I make a purchase, I make sure that the receipt goes into my check register at the time of purchase. My husband gives me his receipts at the end of the day. The next morning I can go online and reconcile the checkbook - so I don't have to wait until the monthly statement comes to reconcile.

Advertisement

I have a desk calendar that displays a month at a time on the desk. Some years it is an open-book type that stays open, other years it is the desk pad-type. When I get a bill in, I note it on the calendar on the due date so I can see at a glance what needs to be paid when. For bills that are automatically deducted from our account, I note those payments on those days also. So along with all our appointments for the month, I also have all our bills due. When the bill is paid, I just mark it out on the calendar. That way, if I pay a bill early, it is noted.

I use Quicken on my computer as an extra copy of my checkbook. It is no trouble to enter the information into Quicken from my checkbook. That way, if there ever is a problem, I can do a fast and easy search for the amount if I happen to be "off" in my reconciliation. There have been times when I entered a different amount in Quicken that my checkbook. So in essence, I can check my checkbook, Quicken on my computer and then purchases that have cleared online. It works very well for us.

Reply Was this helpful? Yes
Answer this Question

Archives

ThriftyFun is one of the longest running frugal living communities on the Internet. These are archives of older discussions.

April 17, 2009

Have any ThriftyFun members had good luck with online banking? I'm thinking about enrolling in Bank of America's online bill payment service but have heard some horror stories about it not being safe.

Comment Was this helpful? Yes
Read More...
In This Page
Categories
Budget & Finance BankingJuly 18, 2016
Pages
More
🌻
Gardening
👒
Mother's Day Ideas!
👔
Father's Day Ideas!
Facebook
Pinterest
YouTube
Instagram
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2022-05-08 19:43:40 in 6 secs. ⛅️️
© 1997-2022 by Cumuli, Inc. All Rights Reserved.
https://www.thriftyfun.com/Online-Banking-Advice-2.html