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Balancing Your Checkbook

No one likes to do it but it’s important.

Balancing your checking account or checkbook is one of the most basic habits you should form, early on, for good money management. Here are some reasons why:

  • Balancing your checkbook verifies that your records (your checkbook register) match MCCU’s records, as shown on your monthly member statement.
  • Balancing your checkbook will help identify a mistake or fraud.  It will also help you find a missed ATM withdrawal, debit card purchase, or other transaction that can cause a costly overdraft when you don’t have enough money in your account.
  • Monthly is good, weekly is even better. By visiting your account frequently to monitor your transactions you can keep your account balanced and have a better grasp of how much money is coming in and going out. It’s a great way to budget.

You don’t have to wait for your statement to come each month to balance. eBranch will allow you to view the transaction on your accounts anytime, day or night. You can also use it to view and print a copy of most checks that have cleared your account – free!

Getting your statement electronically is free and it’s a great way to save your statements to your computer for future reference. No more paper piles!

If you ever need more checkbook registers, stop by either of our branches and ask for a couple.

Great resources:

This page has great instructions on how to balance your checkbook.

For kids - the basics of checks and how to balance your checkbook