Using and managing your accounts

Learn more about your transaction register and how to use it.

A sample transaction register with numbers annotating each of its parts.

Understanding a transaction register

Instructions: Click each item to learn how to use a transaction register.

1. Date

This column is used to record the date of a transaction.

2. Number

This is the number of the check.

3. Description

In this space, you describe each transaction and its purpose.

4. Code

These codes correspond to the legend at the top of your register.

5. Checkmark

Once a month, you’ll use this column to check off each transaction that appears on your monthly account statement. This will help you to ensure that your records and the bank’s records match.

6. Withdrawal

This is the amount of the withdrawal.

7. Deposit

This is the amount of the deposit.

8. Balance

This column is used to calculate the current balance in the account by adding each deposit and subtracting each withdrawal.

Key points
Don’t forget to record all of your transactions, not just checks. Be sure to include:

  • Deposits
  • ATM withdrawals
  • Debit card purchases
  • Electronic funds transfers
  • Interest payments
  • Bank fees
  • Automatic payments

Click the Next button to learn about overdrafts and how to avoid them.