How to Check a Bank Balance

Okay, you've gotten a checking or savings account, maybe both. You're on your way to saving money as well as having financial independence. You may ask yourself, however, "How do I check my account balance?" The answer to this question will vary a bit from bank to bank, but regardless of where you do your banking, there are probably several different ways you can do this. Use this article to determine what your options are and what the best ways are for you to check your balance.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• phone
• computer with internet access
• password
• bank account number and pin number

Steps to Checking Your Bank Balance

1. Wait for the mail to come. Once a month, at the same time each month, most banks or credit unions send out a monthly statement with your current balance as well as all of the transactions for that month. The statement will have your correct balance as of the day and time the statement was printed so it could be accurate when you first get it. When it arrives, use this to check on your balance as well as to balance and reconcile your check book on a monthly basis.

2. Use the phone service the bank provides. Most banks have a free number that you can call to find out current balances as well as transaction information if you are waiting for something to clear. Visit your bank for information regarding this service. The bank should provide little information cards or pamphlets showing you exactly how to use the service as well as the number to call. Regardless of the banking institution, you will need to know your account number, and the first time you use this service, the service will also require you to set up a PIN number. That way, only people who know the PIN will be able to access your account.

3. Check out your bank's online banking service. Most banks and credit unions allow you to access your account information online. Through this service, you should be able to check your account balance as well as check if transactions have gone through. Once again, visit or call your bank to get precise information The first time you get online to check your balance, you will need your account number and other personal information. You will also be required to set up a user name and a password and the system will ask you to answer some security questions. You will not have to answer those security questions every time to get online, but whenever you use a different computer or the system has any doubts about your identity, those questions will come up to verify who you are.

4. Visit an ATM. If you have an ATM or debit card with a PIN number, you should be able to access your balance anytime through any of the automated machines.

Tips & Warnings

• Keep in mind that transactions can take several days to go through so your bank balance is always subject to errors. Keep accurate records of transactions and record when transactions go through so you always have a good idea of exactly how much you have in your account.