(Closed) How often do you reconcile your checking account?

posted 9 years ago in Money
  • poll: How often do you reconcile your bank accounts?

    Monthly to the penny.

    Monthly with a margin of error.

    Every 2-3 months.

    Every 4-6 months

    Twice a year

    Once a year

    When the bank says there's a problem

    Not sure


  • Post # 47
    5493 posts
    Bee Keeper
    • Wedding: August 2011

    To be honest, I wasn’t even sure what you meant by “reconcile your checking.” hahaha  I’ve never done this.  I only write checks when paying private service providers that don’t take credit cards, like the gardner, handy man, cleaning lady.  And then it’s usually only a few hundred dollars at most.  So no matter when they deposite the check there will always be money in the account to cover a few hundred dollars.

    I look at my accounts on line about twice a month just to make sure there are no abnormalities and to get an idea of my balance.  Otherwise, I don’t really pay too much attention day to day.

    Post # 48
    3352 posts
    Sugar bee
    • Wedding: May 2012

    lol well it’s a measure of how I didn’t know what “reconcile your books” meant that I don’t do this obviously 😛

    Post # 49
    112 posts
    Blushing bee
    • Wedding: August 2012

    Online banking ftw….daily.

    Post # 50
    3470 posts
    Sugar bee
    • Wedding: July 2012 - The Gables Inn, Santa Rosa, CA

    I get paid weekly, and Fiance is bi-monthly, so I reconcile our accounts each week.  Granted my degree is in accounting, so for me it’s easier than most, and I spend maybe 5-10 min per week on it, but still– it’s important to me that I always know exactly where we are at financially. 

    Post # 51
    5667 posts
    Bee Keeper

    We use online banking and the YNAB budgeting tool to track our spending. We go through it weekly to make sure everything matches up. Like PPs Fiance and I rarely ever write checks so it’s mostly just to make sure there are no weird or double charges on our account and to check how well we’re doing with our budget.

    Post # 52
    740 posts
    Busy bee
    • Wedding: May 2012

    I’m along the same lines as the PP for the most part, I don’t write a ton of checks so I don’t pay too much attention. I check my account online weekly, and I can get a sense of if the checks cleared or whatnot. For my job I write a lot of checks and do a lot of transfers, so I have to balence everything out to the penny daily – I have a document and write down when the check was written, and check it off once it is cleared. 

    My Mother-In-Law a while back wrote a check and then a few weeks later closed he bank account. When the check bounced the bank had all her accounts frozen – it was a very extreme response, I think the person got fired who did that….

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