Check Writing

Although some banks are beginning to use electronic checks which are cashed in the same day they were written, most banks take several days to process a check before the money is subtracted from your account. Keep track of the checks you write to make sure that you don’t try to withdraw more money than you have (overdraw). There is a fine for overdrawing.

The bank will mail you a monthly statement that shows all transactions on your account (deposits and withdrawals made).