Keeping Track of Bank Account
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Transcript of Keeping Track of Bank Account
TRACKING TOOLS FOR BANK ACCOUNT
KEEPING TRACK
BY MOHD. SADIQ
PASSBOOKA passbook or bankbook is a paper book used to record bank transactions on a deposit account.
TRACKING BANK ACCOUNT USING PASSBOOK
Using Passbook you can track your account for following:
• How much you deposited the money on a particular day ?
• What was balance on a particular day ?• What is dividend / interest paid to you by
bank?• What is the total withdrawals ?• What are total deposits ?• What is final account balance ?
SAMPLE PASSBOOK
ACCOUNT STATEMENTA BANK STATEMENT OR ACCOUNT STATEMENT IS A SUMMARY OF FINANCIAL TRANSACTIONS WHICH HAVE OCCURRED OVER A GIVEN PERIOD ON A BANK ACCOUNT HELD BY A PERSON OR BUSINESS WITH A FINANCIAL INSTITUTION.
TRACKING USING ACCOUNT STATEMENTUSING BANK STATEMENT YOU CAN TRACK YOUR ACCOUNT FOR FOLLOWING:
• WHICH DATE WHAT YOU SPEND ?
• WHERE YOU SPEND THE MONEY ?
• HOW MUCH YOU SPEND THE MONEY ?
• HOW MUCH YOU DEPOSITED THE MONEY ON A PARTICULAR DAY ?
• WHAT IS DIVIDEND / INTEREST PAID TO YOU BY BANK?
• WHAT WAS BALANCE ON A PARTICULAR DAY ?
• WHAT IS THE TOTAL WITHDRAWALS ?
• WHAT ARE TOTAL DEPOSITS ?
• WHAT IS FINAL ACCOUNT BALANCE ?
SAMPLE ACCOUNT STATEMENT
LATEST DEVELOPMENT IN TRACKING : E-STATEMENTS
• Online tracking is latest development and is best so far.• This helps to receive an e-mail notification from Bank the day your statement is available. • You can access your last account statements and check by logging on to Online Banking. • View your statements 24-hours a day from anywhere with internet access. • Download and save your statements to various formats to view whenever it is convenient
for you.
END OF SLIDES