This article first appeared in the Sandy Journal.
By Cheri Hubrich, Assistant Vice President and Sandy Branch Operations Manager, Bank of American Fork
Cheri Hubrich has been with Bank of American for 16 years, where she manages branch operations at the bank’s Sandy branch. When she’s not helping the Sandy community meet their financial needs, she enjoys spending time with her family.
I have spent the last 16 years of my career at Bank of American Fork, and during this time in the banking industry I’ve been lucky enough to learn many great financial tips and practices. I spend much of my time working directly with customers and ensuring their financial needs are met. Here are some of the most important financial tips I share with my customers, which may also help you navigate your finances.
Check your accounts often. With online banking, it’s easier than ever to check your accounts on a regular basis. Make sure you know your balance and that you can verify each transaction that goes through your account. This can help you avoid overage fees and catch fraud much easier. If possible, make it a habit to check your accounts on a daily basis.
Verify your funds. I recommend not using funds from a direct deposit until you have confirmed the funds have been credited to your account. There could be issues with the deposit that may cause delays. Verifying that the funds have been credited to your account before using them can save you a big headache.
Review your statements. It is important to review and reconcile your statements on a monthly basis. Make this a habit each month, as this is a good way to make sure items process for the correct amounts and that there is not any fraud on your account.
Protect your debit card. Protect your debit card like you would cash. Use a PIN that people cannot easily guess (birthdays, etc.). Make sure that when you enter your PIN you do not let other people view what you are entering. You can also use a text alert system for debit cards if your financial institution offers these services. This can be a great way to monitor your transactions and protect yourself from fraud.
I’m thankful for the strong financial practices I have been able to learn during my time in the banking industry, and I’m grateful to be able to share some of these with you. I hope you find these financial tips to be beneficial, and that they help you develop a strong financial foundation that you can continue to build upon.