Bank account balances should be checked at frequent intervals. Every individual needs to monitor his/her bank transactions to ensure that there is no discrepancy in the nature and number of transactions.
Ideally, verification of bank balance should be done after each deposit or withdrawal is made by the account holder from the account ps2 bios. An individual is not required to visit his/her bank branch to confirm his/her account balance. There are several methods through which information can be obtained on various banking transactions at any point in time.
Let us discuss Four Important Methods of Checking Bank Account Balance.
A) Bank Statement
Banks generally provide a hard copy of bank account statements at the end of each month. This statement contains details on opening balance at the beginning of the month, transactions performed during the month and closing balance at the end of the month. To check the closing balance, an individual will have to add all deposits and deduct all withdrawals from the opening balance.
Even though there is no need to perform all these calculations, it is advisable to perform a recheck of all the transactions mentioned in the bank statement. The bank statement can be obtained through email or can be downloaded using the online facility provided by the bank. Generally, bank statements are couriered by the bank; however, it is also possible to obtain bank statements by visiting the bank premises.
B) ATM Balance Inquiry Facility
Banks provide a debit card/ATM card facility to all account holders. This card can be used for performing various transactions including account balance verification. An individual can choose to view the balance on the screen by using the “Balance Inquiry” option and can use the “Print Receipt” option to obtain an account balance receipt. Another option available to the cardholder is to print a Mini statement which contains details of the last few transactions and closing balance available in the bank account. Both of these facilities can be availed by using the bank’s ATM situated at various locations.
C) Internet Banking Facility
Bank account holders can also avail internet banking facilities provided by their banks. Banks provide a unique login id and password to every account holder who has subscribed to this facility. Through this facility, the account holder can access his/her bank account details anytime from anywhere (provided account holder has an internet connection). Account balance can be checked by logging into an online account and using the “Account Summary” option. It is one of the most convenient methods to verify account balance and other various transactions.
D) Telephonic Enquiry
Though this is a less popular method of confirming Bank account balances, information can be obtained by making a call at the branch where the account is maintained or by calling on customer care or other designated numbers to obtain account-related information animedao. Many banks may not provide account-level details through this medium on account of security issues and may require some personal (like date of birth, last few transactions in the account and so on) and account details from the caller before providing any kind of information.