I was in the bank today and sat next to a lady who knew almost nothing about her bank account.The bank had sent her various mails, written and electronic which never got to her because her address changed and she doesn’t do online banking, ( in these times? lol. So i thought to write a few simple tips on managing a savings account.
Make use of the online banking system, its much easier and gives you an overview of your account, you can also spot odd transaction statements etc, simply by clicking on your account statement . I recommend checking your statement in the first week of a new month. Pay cheques, credit cards payments on due dates. Some banks set up reminders, of course, you need to log in online.
Update your personal information if it has changed, especially your mailing address. May require a walk in to the bank, so as to verify your credentials before making changes.
If it’s not a salaried account, try to deposit money in the account at least once a month, your bank needs to know money is moving around. Read your monthly account statements sent to you well, your car hire service may have charged you for a speeding ticket you got two months back.
Do this check up every month.
Hope this helps.