Balancing Your Checkbook's Lifestyle

Paper or e-Statements?

Balancing Your Checkbook's Lifestyle

Busy lifestyle? Always on the go?

Balancing your checkbook is no longer a chore. Choose the method most convenient for you!

You can easily avoid overdraft fees and penalties by balancing your checkbook monthly, or even more often when you use online banking.

Paper Bank Statements

  • Traditional paper statements mailed monthly
  • Paper copy shows transactions (checks, debit cards, deposit, transfers)
  • Printed check images
  • Often a free service but more banks are beginning to charge in order to encourage use of e-Statements
  • Security concern: possibility of being stolen from mailbox or misrouted by postal service

Online Bank Statements (e-Statements)

  • Monthly statements emailed or available for download
  • Easy access 24/7
  • Current (monthly) and past statements available
  • Scale & Resize check images for easy viewing or printing
  • Go Green! Available for printing only when needed
  • Typically a free service with online banking
  • More secure than paper

Click here to enroll in » Free Online Banking

Already Have Online Banking? Follow these instructions to view your e-Statements:

  • Log-in to your PCB Online Banking
  • If your page defaults to a view besides Accounts, select the Accounts tab from the menubar
  • In the far right-hand column (Make a Selection), click "statement"
  • Read and agree to the short disclosure and you're done!

How To Balance Your Checkbook
Your monthly bank statement is like a snapshot to help you reconcile your checkbook register with checks written, debit card transactions, deposits and transfers.
Step 1:Locate your most recent monthly bank statement, paper version or online.
Step 2:Match the transactions in your bank statement and checkbook register, placing a checkmark beside each one. (These transactions have "cleared" the bank.)
Step 3:Record any deposits or charges/fees appearing on your statement that aren't in your checkbook register.
Step 4:Look for checks written that haven't yet cleared the bank. Total these and subtract the total from your checkbook register balance.
Step 5:Your new checkbook register balance should now match your statement. If it does, your account is balanced. If the amounts do not match, subtract to find the discrepancy. This amount may be a missing check/transaction, a math error, or missing fee.


If the amount is evenly divisible by 9 then you may have transposed a number. Example, the unbalanced amount is $63.00 Divide 63 by 9 = 4. Recalculate the transactions and you may find an error such as $192.45 transposed to $129.45.

Overdrafts or Bounced Checks

Overdrawing your account can occur when you write a check but have insufficient funds in your account to cover the amount. This is also called bouncing a check.

Overdraft fees can be very costly, ranging from $25 to $35 for each overdrawn transaction.

Many banks authorize debit card transactions even if you have insufficient funds. Be aware that you will incur overdraft fees just like a check!

If you miscalculate in your checkbook register you may accidentally overdraw your account. Banks offer protection services to cover your checks and pay the merchant on your behalf. You are charged a fee for this service, similar to interest on a short-term loan.

Many banks, including Payne County Bank, offer e-mail notices for low account balances. You set the low account balance and if your account reaches this amount, the bank emails you a notice. It's a handy way to prevent overdrawing your account!

Insufficient Funds Protection Services

Another service, often called NSF Protection, will transfer the money needed from another account that you specify (such as a savings account) to cover your pending debits. Be aware that you must have enough in the other account to cover the transactions.

Click here to learn about » Payne County Bank's Insufficient Funds Protection Service