How Often Should You Check Your Checking Account Statements?

How Often Should You Check Your Checking Account Statements?

For financial security, the best practice is to check your statement each month when it arrives, either via e-mail or in the mailbox. Also, you should check your credit card statements and other financial documents when they arrive in the mail.

Only 4 percent of people follow this practice every month, states INF. Some people check their balances regularly on their mobile phones to keep track of it, but the statements provide a monthly list of all transactions. If this is your practice, make sure that you're checking your transaction to monitor for fraudulent use or if any vendors have double-billed the account.