In high school I took a class called “Practical English” which, ironically, was neither practical nor related to the English language. It consisted of various things adults had to do in the real world and, as we were told, things that we would have to do once we entered adulthood.  Being an analytical type, one of my favorite parts of this class was learning how to reconcile my checkbook.

Those younger than my generation will describe the concept of checkbook reconciliation as “quaint.” Some of my children have checking accounts and have never written a single check.  None of them understand why it’s important to reconcile their account, much less how.  The reason for this is that most of our financial transactions are “instant.”

Debit card transactions now post (almost) instantly to your account. If you’re paying attention to your online banking app, you see these transactions as they occur.  Astute consumers know whether or not these transactions are valid.  Of course, almost all transactions are valid transactions and the balance in the typical account is accurate.  If transactions post to your account that are not valid, an immediate call to the credit union can rectify things.  That’s much better than waiting until the end of the month for a reconciliation.

Perhaps you prefer using a credit card for your payments and therefore don’t see the transactions post instantly. You may want to enroll in Visa Purchase Alerts, a free monitoring service that allows you to be notified by email and text whenever a charge is made to your cards.  It’s very easy to sign up your debit and credit cards and set alerts for certain transaction amounts, international transactions, or card not present (telephone or online) transactions. This allows you to know what is being posted to your accounts as the transactions occur, and flag anything that look suspicious right away. That’s more important than ever since our financial transactions occur at the “speed of now”!

Bill Burke | President/CEO

Checking Accounts

Premium Perks

Freedom Checking

CashBack Checking

Direct Deposit

More

Savings Accounts

Savings Accounts

Super Saver

Money Market

h

Certificates

HSA

Cards

Debit Card

Low Rate Credit Card

Rewards Credit Card

CU Rewards

Card Controls

Tools

Mobile Deposit

Online Banking

Pay Someone

eAlerts

Compare Rates

Vehicle Loans

Auto Loans

Refinance Your Car

Motorcycle & Jet Ski Loans

Boat & RV Loans

Mortgage & Home Loans

Mortgages

Refinance Your House

Home Equity Loans

Construction Loans

Personal

Personal Loans

,

StretchPay Loans

Student Loans

Credit Cards

Tools

Apply for a Loan

Pay a Loan

Online Bill Pay

Chat With Us

Financial Planning

Investments

i

Estate Planning

401(k) Rollover

Retirement Planning

Day Air Insurance

Auto Insurance

Home Insurance

Identity Theft Protection

Life Insurance

More Products & Services

RetireMed

Financial Counseling

Credit Reports

Reorder Checks

More

Online Banking

Online Banking

Online Bill Pay

Login to Online Banking

Mobile Banking

Mobile Banking

Mobile Deposit

Pay Someone

Text Banking

Tools

Apply for a Loan

Pay a Loan

eAlerts

Mobile Pay

Chat With Us

Accounts

Business Checking

Business Savings

Business Certificates

Cards

Business Debit Card

Business Credit Card

Loans

Commercial Loans

Term Loans

PPP Loans

Line of Credit

Services

Business Bill Pay

Tools

Online Business Banking

Login to Business Banking

Login to PIB MLO

Business Banking App

Join Day Air

Why Choose Day Air

Membership Eligibility

Annual Member Savings

Compare Rates

Join Day Air

Community

Community Involvement

Financial Education

Dayton VA Medical Center

Dayton Dragons

Contests & Sweepstakes

About

Press & News

Newsletters & Reports

Videos

Careers

Helpful Resources