Anytime
Adviser—Checking Account Coach
Resources
Checking Account Options Work Sheet
Which
features do you need in a checking account? Review the first column. For each
feature that is important to you, place a check mark in the second column. Now
compare two or three checking account programs to determine which will best meet
your needs.
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Name
of check program and financial institution |
√ |
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Monthly
fee/ service
charge |
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Minimum
balance to waive monthly fee |
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Minimum
balance to earn dividends? |
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Overdraft
(bounced check) fees |
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Overdraft
protection |
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Cost
to print checks |
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Other
fees/charges |
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Direct
deposit available? |
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Debit/ATM
card available? |
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ATM
fees |
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Telephone
access to accounts? |
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Web
branch? |
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Transaction Tally Page
If you
don't carry your checking account register with you at all times, consider
cutting out and wrapping this small sheet around your debit or ATM card. It will
help you keep track of electronic deposits and purchases. We've provided a short
and a long tally page—choose the one that works best for you.
Start
the month by entering your current balance and list any direct deposits you're
expecting for the month.
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Date |
Description |
- |
+ |
Balance |
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Current
balance |
-- |
-- |
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Date |
Description |
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+ |
Balance |
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Current
balance |
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Checkbook Reconciling Practice
Would you like some practice reconciling your monthly statement with your checkbook register? While some people rank reconciling a checking account right up there with having a root canal, it's really not bad at all.
On the following pages, you'll find:
· A sample completed checkbook register
· A sample account statement
· A blank reconciliation work sheet
· The completed reconciliation work sheet (don't peek at the answers)
Print off these pages and either complete the reconciliation work sheet by hand or use the online Checkbook Balancing Calculator.
Sample Completed Checkbook Register
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ITEM
NO. |
DATE |
TRANSACTION
DESCRIPTION |
SUBTRACTIONS AMOUNT
OF PAYMENT |
√ |
FEE |
ADDITIONS AMOUNT
OF DEPOSIT |
BALANCE | |||
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500 |
00 | |||||||||
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6801 |
9/1 |
Athletic Shoe
Co. |
55 |
63 |
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55 |
63 |
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Running
shoes |
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444 |
37 |
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9/4 |
Work
paycheck |
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235 |
00 |
235 |
00 |
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Direct
deposit |
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679 |
37 |
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6802 |
9/6 |
Food 'n
Shop |
22 |
36 |
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22 |
36 |
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Groceries |
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657 |
01 |
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6803 |
9/10 |
Credit
Union |
25 |
00 |
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25 |
00 |
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Cash |
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632 |
01 |
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9/17 |
ATM |
15 |
00 |
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.50 |
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15 |
50 |
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Cash |
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616 |
51 |
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9/18 |
Work
paycheck |
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355 |
00 |
355 |
00 |
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Direct
deposit |
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971 |
51 |
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9/23 |
Energy Plus
Utility |
26 |
75 |
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26 |
75 |
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Electric bill
autopay |
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944 |
76 |
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6804 |
9/28 |
Aria
Dayson |
23 |
00 |
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23 |
00 |
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viola
lessons |
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921 |
76 |
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9/28 |
Best-Mart |
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35 |
50 |
35 |
50 |
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Refund
check |
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957 |
26 |
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Sample Account Statement
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MEMBER
STATEMENT
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Anyplace
USA
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Page
1 of 1 | |||||
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Thomas
B. Anderson 2063
Pleasant Road Anywhere,
USA 12345
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Statement
Closing Date September
30, 20XX
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PREMIUM SHARE DRAFT
ACCOUNT
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Beginning
Balance on August 30, 20XX |
$
500.00 |
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Deposits
and other additions |
+590.00 |
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Checks
paid and other subtractions |
-122.88 |
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Trans.
Date
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Description |
Debits |
Credits |
New
Balance | |||
8/30 |
Beginning
balance |
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500.00 | |||
9/01 |
Check
No. 6801 |
55.63 |
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444.37 | |||
9/04 |
ACH:
Payroll |
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235.00 |
679.37 | |||
9/10 |
Check
No. 6803 |
25.00 |
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654.37 | |||
9/17 |
ATM:
Withdrawal S51491 6 |
15.50 |
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638.87 | |||
9/18 |
ACH:
Payroll |
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355.00 |
993.87 | |||
9/23 |
ACH:
Energy Plus Utility |
26.75 |
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967.12 | |||
9/30 |
Closing
balance |
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967.12 | |||
Blank Reconciliation Work Sheet
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CHECKING ACCOUNT
RECONCILIATION | ||||||||||||||||||||||||||||||||||
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OUTSTANDING
CHECKS
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ENDING
BALANCE SHOWN ON
THIS STATEMENT
_______________ PLUS
DEPOSITS NOT
SHOWN ON THIS STATEMENT
_______________ SUB-TOTAL
_______________ LESS
TOTAL OUTSTANDING CHECKS
_______________ EQUALS
ADJUSTED ENDING BALANCE
_______________ Adjusted
ending balance shown above should agree with the balance shown in your
checkbook register. Note:
Be sure to deduct any charges, fees, or withdrawals shown on your
statement (but not in your checkbook register) that may apply to your
account. Also, be sure to add any dividends or any deposits shown on your
statement (but not in your checkbook register) that apply to your
account. | |||||||||||||||||||||||||||||||||
Completed Reconciliation Work Sheet
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CHECKING ACCOUNT RECONCILIATION | ||||||||||||||||||||||||||||||||||||||||||||
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OUTSTANDING
CHECKS
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Adjusted
ending balance shown above should agree with the balance shown in your
checkbook register. Note:
Be sure to deduct any charges, fees, or withdrawals shown on your
statement (but not in your checkbook register) that may apply to your
account. Also, be sure to add any dividends or any deposits shown on your
statement (but not in your checkbook register) that apply to your
account. | |||||||||||||||||||||||||||||||||||||||||||