What Is a Checking Account Register?


Quick Answer

A checking account register is an organizer to help account holders track their checking or savings account balance. In the register, check and debit card transactions and account deposits are recorded in keeping an updated running balance, explains TheMint.

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Full Answer

Checking account registers generally include six individual columns representing the transaction number, transaction date, description of the transaction, amount paid, amount deposited and the running balance after each respective transaction. TheMint advises recording each transaction immediately upon its completion ensures an up-to-date, accurate account balance.

The transaction number generally refers to the check number. Transactions that do not involve a check may be designating by "ATM" for cash withdrawals, "D" for a deposit, "C" for debit card purchases or "T" for a transfer from a linked account. The date refers to the specific day transaction took place, and the description provides a reminder of the purpose for the spending or deposit. The two payment columns track money coming in -such as a direct deposit- and money going out -such as a bill payment or purchase at a retailer.

A calculator or smartphone app makes it easy to track the running balance. Knowing the current balance at all times helps account holders avoid overdrafts on their account, and the steep fees that result, explains TheMint.

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