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Avoid Personal Banking Mistakes

Posted on: 17th Nov, 2006 12:57 am
As a personal banker you need to be cautious and pay attention to your account. Banking errors and rise in identity theft have made it imperative that you become active and follow simple safeguards.

Here are some common banking mistakes.
  • Not reading your bank statement properly: Nowadays the biggest personal banking mistake is not opening your bank statement when you receive it. It is important to understand that this is the only way to know the mistake immediately if there is a mistake in the account.

  • Paying unnecessary fees: Most of the bank charges various fees for many services that they provide. Before you select a bank shop around well.

  • Online Banking in Public Places: You think twice before doing an online banking transaction in a public place. The security level is not the same as it is when you are using it from your home.

  • Borrowing from your bank: If you are seeking for a loan it is not necessary that take that from your bank. You can include them in your search but it is necessary that you shop around well to get the best deal available to you.

  • Signing checks before you enter the bank: This is a general practice that many of us follow; we sign our checks before we enter the bank to save some time. But you lose the signed check, you lose the money.

You have started a very important and interesting topic jerry. Just wanted to add one more point.

Don’t leave discarded bank documents behind. This makes you an easy target for identity thieves. If you make a mistake on a deposit slip don't just toss it up on the counter or into the bank garbage box without tearing it up. All the bank documents that you discard should be treated in the same manner.


Posted on: 21st Nov, 2006 07:04 pm
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