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Money and Finances
Reply to "Peeve: People who wait to cash large checks"
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[quote=Anonymous][quote=Anonymous] NP here. As compared to reviewing your account and transactions online, isn't the only advantage to this that you'll catch arithmetic errors and outstanding checks? Chances of an aritchmetic error are extremely low and if someone rarely writes checks or maintains a sufficiently high balance to cover the margin of error isn't this kind of a waste of time?[/quote] You also catch fraudulent transactions. Since you typically have 60 days after which its your responsibility, its a good idea to do this monthly. Also, now that many checks are cleared electronically, I don't always get a check image to verify some weird payment is something I actually intended to make.[/quote]
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