July 24, 2009

Online Bank Checks: How to Use Them

by Diane Bronson

Making use of bank checks or checking account requires writing a check, using the check register, making a deposit, and reconciling the account.

Writing An Online Check. One way of paying bills is by using checks. But checks have to be ordered. Checks can be ordered online or by phoning a bank branch nearest to your home. Some checks are equipped with features just like checks from Chevy Chase Bank which imprints padlock icon, micro printing, security screen, and warning boxes at the front and back of checks. To make copying and altering cheap checks difficult and eventually prevent fraud, these features are so designed.

Using the check register. A responsible financial management needs good record keeping. You can always go to online banking when monitoring your transaction history and knowing current account. Once you are in the habit of tracking expenses, it should be a cinch to keep the checkbook balanced. This is a good way to be on top of account balance and keep good records. Online bank checks record deposits, transfers, ATM withdrawal, checks written and check card purchases as soon as they are made. It also fills out the check register before you even write the check and records any automatic payment.

Making a deposit. When you deposit, you are required to make use of deposit slip which is available in a branch bank and which can be ordered together with checks. Depositing involves endorsing order checks . You can deposit at the local branch bank or at the banks ATM. Clients with jobs usually have their checks deposited directly by their employers.

Reconciling account. If you order checks in Chevy Chase bank, you will be given options on statement style and delivery method you want best. You can choose by clicking on e-Statements and Statement Select.

Clients who want to view statement online should click on e-Statements. In instances wherein clients may want to customize account statement, they may click on Statement Select. At this site, clients can view transactions chronologically, by category or by a big picture which display all deposits and withdrawals.

Lastly Chevy Chase Bank has check cards. It looks like a credit card but is different in some ways like. Check card purchases are automatically deducted from the checking account therefore it is not an extension of credit that you pay back later like a credit card. It is also similar to a credit card as it is nearly universally accepted and is good as cash.

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Filed under About Checks by Diane Bronson

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