Reply to: How often do you check your bank account?

[vwdan]

Listening to Radio 5 Live and Martin Lewis is spouting about how people are silly for not checking direct debits etc, people paying for gym memberships they don't use, or paying for insurance for devices or properties they no longer have.

I don't know about you but I am very OCD when it comes to my bank account, I know exactly how much is in it, how much is due to come out and when, I am not living on the breadline, I don't need to account for every penny that I have, but I sure has hell make sure I know where they all are!

I'm pretty OCD when it comes to banking, too. With my personal account, I have a separate account just for Direct Debits and recurring payments - each month I transfer £x which I know will cover the bills in there and I check it at least one a month to make sure it's all in order. Because of that, my main account is pretty easy to track. I also have text alerts for low balances and things which is nice.

I also have texts set up on the business account to catch any large ins and outs, but accounting obviously forces me to go through each item line by line so I only really log on when I have to.

[darmstadt]

I haven't checked mine for over 20 years as I don't know how, but Frau D. does, everyday

[OwlHoot]

Says the man sitting on a park bench, eyeing little girls with bad intent, with Fagan as his avatar.

Fagin? You sure it isn't Billy Connolly?

[DannyF1966]

I get a weekly text for the business account which is enough to see if the last invoice has been paid I check the current account probably about once a week or so, much easier now I've installed the phone app for it. I know what's going out, when, and how much, so the balance is never a huge surprise to me. It's not a joint account though, so that helps!

[ZARDOZ]

about once a month personal more often business, pretty easy to spot anything off in good time

[alreadypacked]

Shortest is about every 6 months.
Need to do company accounts and realised I have not got a statement in the last year.

I am saving at the moment, I find if I look I am tempted to spend.

[NickFitz]

I check my personal accounts every day, as I can just look them up on a phone app in a couple of seconds. I have regularly monthly payments set up as reminders in the calendar app, as I tend to keep most cash in the savings account and move it over to the current account as and when its needed.

My business account I probably check about once a week, just to remind myself how much is in there; there are only three monthly payments out of that, not counting paying the employee's salary and awarding dividends to the shareholder

[VectraMan]

I'm pretty bad at this sort of thing. A few years ago I changed home insurance and they told me they'd take care of cancelling the old policy from the previous provider. It took me 6 months to notice that I was paying twice each month - they hadn't done anything.

I'd notice the big stuff, but my attitude tends to be that life's too short to worry about every penny. Which is probably why I'm poor.

[JRCT]

I always thought I was pretty good at this. Not quite down to the penny, but pretty aware of everything that should be going through.

Then last year, I signed up for a month's free trial of Netflix. Never used it, but completely forgot to cancel it and I only noticed the £7 dd going through 4 months later. I called them and they refunded the whole lot, thankfully (I presume they could see that I'd never used it).

I guess because it was only a small amount and it was coming out the same time as 9-10 other dds, it got through.

[MarillionFan]

You posted that after you objected when someone said that about you?

Are you a MP or a peer or something?

I really don't mind if you sit this one out.

[FiveTimes]

Every couple of days, and I then cross check the transactions with the receipts in my wallet. If the receipts is needed then I store it away, other wise I shred them.

By Thursday most receipts have gone and been dealt with.

[BrilloPad]

I used too but the ever growing row of zero's at the end started to make my eyes go screwey

I have a custom title for you. PrawnLike.

[original PM]

I used too but the ever growing row of zero's at the end started to make my eyes go screwey

[TestMangler]

Those sex toys are not useless. She uses them with her tennis coach.

HTH

No, the sex toys are not useless. I was thinking about the scatter cushions and pot pourri.

[BrilloPad]

I just checked mine on the back of you starting this thread and I can see the wife has been buying useless stuff again.....

Those sex toys are not useless. She uses them with her tennis coach.

HTH