MSE Forum Poll: How often do you check your bank balance?

Eco_Miser

My spreadsheet tells me how much should be in the accounts, I have alerts set up, so I log on only when I want/need to move money, or confirm a transaction happened, which for most of the accounts is just the first banking day of the month.

vacheron

I keep all my balances on a spreadsheet and whenever I check any particular account, I update the figure and put the date in an adjacent column so that I know when I last checked it. Some current accounts I check every few days, some once or twice a month tops.

As I have 6 current accounts, 3 savings accounts, 5 ISAs, 2 SAYE schemes, 3 Share Dealing Accounts, 12 Credit Cards, 3 SIPPs and a workplace pension account, I try not to check them all every day! 😉

Rosa_Damascena

https://forums.moneysavingexpert.com/discussion/comment/81999100#Comment_81999100

I don't need to go down the spreadsheet route as I keep an informal mental tally of expenditure.

I try to keep the very minimum balance in my current account. One of the most useful features my bank (FD) offers is a text message to notify you that you are in the overdraft zone, so I know to top up in real time. Combined with a DD for all bills including my credit card - which I use for over 99% of transactions - it keeps me out of slipping into the red and helps maximise returns on savings. So whilst I don't need to check daily, that 7:30am ping on the phone tells me it is a priority.

Dizzycap

I check my main bank account by App daily. Depending on the other types of accounts I have, I usually check those by App once or twice each week. It takes seconds to check account statements / balances with App access, so why not utalise it 🤗😉.

Eco_Miser

Rosa_Damascena wrote
I don't need to go down the spreadsheet route as I keep an informal mental tally of expenditure.

Lucky you! My memory is no longer reliable enough to rely on.

Besides, my spreadsheet tells me my probable financial position months in advance.

Jami74

I love numbers so I check multiple times a day to get my fix.