How to reconcile your account

Read about the basics of how to reconcile, or “balance” a bank account. 

On the back of your statement you’ll find a worksheet.

Bank statement worksheet

How to reconcile your bank account

Balance

First, you enter the balance that’s shown on your statement for the last day of the statement period.

Deposits

Second, you list all of the deposits that are in your check register but that do not appear on the bank statement.

Withdrawals

Third, you list all the withdrawals — checks, ATM, debit card, and other withdrawals — that do not appear on the bank statement.

Final amount

After you’ve followed the instructions on the worksheet for adding and subtracting, the final amount on the worksheet should be the same as the current balance shown in your check register.

If your check register and worksheet don’t balance, or if you have other questions about your statement, most banks have a toll-free telephone number for customer service to help you.

Remember: Your statement may not include all of your transactions during the month. Some transactions may have been processed, or cleared, by the bank after the statement period closed. Missing transactions should appear on your next statement.

If you use online banking, your account activity is usually updated daily, or even immediately, so you can quickly find out whether a check or deposit has cleared your bank.

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