How to Spot Errors in a Bank Statement

"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."