ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Keeping Good Records and Dealing with Errors in your Checking Account

Updated on July 9, 2011

Good Recordkeeping with Your Checking Account

Many people make use of a checking account and appreciate what it provides. Hopefully nothing ever goes wrong, and there are no discrepancies with your account. There are things you can do to avoid problems, and things to do if (or when) they come up. Most always, the statement you get from your bank monthly, will be correct. Same is true for online banking records.  Some people are very careful and keep records of everything, including receipts from the ATM, deposit slips, and anything else that might prove helpful should a problem arise. It is not a bad idea, since errors have been known to occur.

Generally speaking, you have sixty days to question electronic transfers. The amount of time for other mistakes is less, and more like two weeks, approximately. Things change over time, and if nothing else, just remember the sooner the better for notifying your bank of any concerns or question.

Cancelled checks or copies

Many people like having cancelled checks as a back up, or proof of purchase or a receipt. Some recommended keeping your checks as long as it is possible you might need proof of payment for anything. Credit card statements are also helpful to have in such cases as are other bills like utility bills and phone bills, etc. They can show when payments were credited to your account. Mortgage and insurance companies however, don't give confirmations of payments, so the check itself or a copy of it however they keep it, is a receipt.

Some make the habit of keeping copies of checks paid for taxes until the possibility of being audited is no longer a possibility which seems smart. That time frame is usually three to five years. Keeping checks for items that are part of tax records, like home improvements, seems to be a wise thing to do as well.

Keeping good records can help save money over time, no matter how you do it.
Keeping good records can help save money over time, no matter how you do it.

Getting help if you need to

Usually banks are very helpful if you are experiencing any problems with balancing your check book or having discrepancies, etc They can point you in the right direction and give ideas for things you may not have thought of. They can help to follow up on a check you have written for instance. Sometimes just going in to the branch itself and talking to someone can be the most helpful. Look for numbers to call, to see if they can check on whether or not a check has cleared your account or been credited. Just make sure to find out if they charge fees for these things, and even if they do it may be very worth it for your peace of mind.

Do you try to keep good records with your bank accounts?

See results


    0 of 8192 characters used
    Post Comment

    • oceansnsunsets profile imageAUTHOR


      8 years ago from The Midwest, USA

      Thank you Pamela for reading and for your comment!

    • Pamela99 profile image

      Pamela Oglesby 

      8 years ago from Sunny Florida

      I agree good records are essential. I use Quicken which makes things so simple. Good information.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)