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How to Spot Errors in a Bank Statement

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From Quick Guide: Personal Banking 101

Summary: How to balance your checkbook by finding errors in your checking account bank statement in these free how to video clips.

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By Summer Dye
eHow Presenter

Summer Dye is a Senior Financial Services Representative at a financial institution. She had over five years experience helping customers reconcile their checkbooks and finding...read more

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Video Transcript

"Hi! This is Summer on behalf of expertvillage.com. In this clip, we're going to be going over another common error that's found when your checkbook register doesn't reconcile to what your bank statement shows. This error would be a bank mistake or a noncredited deposit. First of all, when you are checking off the items that have showed up on your bank statement that were recorded in your register, if there was a deposit that was in your register that did not show up in your bank statement, you want to ask a couple of questions. The first question you want to ask is whether or not this deposit was accidently put into another account that you have in this financial institution. Working within a financial institution for many years, I wouldn't say it's a common mistake, but it can happen sometimes if account numbers are similar or even the same but correspond to a savings product or a loan product or a checking product. It's kind of a common mistake where a deposit would be put into a wrong account. So instead of going into your checking account, it may have gone into your savings account. So basically, you want to check your other savings accounts and other accounts that you have at that financial institution to make sure that that deposit wasn't put in a different account on error. "

eHow Article: How to Spot Errors in a Bank Statement

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