Managing Your Checking Account

Managing Your Checking Account

The best way to avoid the embarrassment and expense of overdrafts is to take the time to properly manage your checking account.

Step 1:

Record all of your transactions. Be sure there’s an entry in your checkbook register for each deposit you make and check you write. Don’t forget to write in your ATM withdrawals, debit card transactions and online payments.

Step 2:

Do the math…and double check it! Add your deposits and subtract the various types of withdrawals. Be sure to check your math regularly, as it’s easy to make a mistake.

Step 3:

Balance your checkbook on a regular basis. You should balance your checkbook at least once a month, using the monthly statement provided by the bank. If you have NBT Online Banker, you can check your account balance on a daily basis and balance it more frequently.

If you’re not sure how to balance your checking account, talk to an NBT Banker at one of our convenient offices or contact our Call Center at 1-800-NBT-BANK (1-800-628-2265).