Keeping Things in Balance

Having a checking account is a wonderful opportunity to build
towards a great financial future ... but it is also a great opportunity to
mess up that future. Making sure that you keep your account in
balance is a simple but focus requiring task. It is important to make
sure that what your records indicate is presence in your account is
the same as what the credit union says is in your account --
keeping it balanced.

Managing Your Checkbook

Your checks come with a register designed for you to record all transactions that occur on your account.
This includes all checks you have written, all VISA Debit transactions, all transfers, and all deposits.
Write in your register the amount of each purchase or deposit immediately following the transaction and
add or subtract it to your running total.

Keep Things In Balance

If you have a share draft checking with BayLands, you will receive a monthly statement and
this can come through Snail Mail or email (the choice is up to you). This statement lists:

- Your account balance (beginning and end of the month) - Any deposits, transfers, or withdrawals that you have made - checks that have been cashed - Any fees that you may have incurred

The balance on your monthly statement should match the balance that is listed in your
checkbook register. If it does not initially balance, make sure that your math is correct and
also make sure that you are not counting any checks that have not cleared from your account yet.
To verify if a check or transaction has cleared between statements, log on to
BayLands@HOME PC Teller and your can view your account information.
After making sure that you have all checks, fees, deposits, withdrawals, ATM transactions
recorded correctly and it still does not balance ... contact your credit union and
get a Member Service Representative's assistance.

Back to BayLands CU Succeed Page

Information on this page is contributed to by the Credit Union National Association (CUNA)