It is ultimately the customer’s responsibility to keep track of all transactions and funds available. Financial institutions will provide their customers with a monthly statement that will allow them to check their balances and reconcile their records. There are several ways that a customer can verify available funds and posted transactions on the account: the Internet, a paper or electronic statement, an ATM, visiting your local branch, etc…



When you receive the statement you can compare the entries in your personal transaction journal, called a “check register” with the bank’s monthly statement. As long as the account holder maintains accurate financial records, a checking account provides a safe and efficient way to pay bills and deposit your payroll checks and or any other types of checks and/or cash.



Finally, a savings account may pay more interest over time, but a checking account replaces the need for you to carry large amounts of cash with you to pay routine debts such as rent, mortgage, car, and any other bills. Walking around with a large amount of cash can also make you a very attractive target for robbery.