Avoiding Overdrafts

The best way to avoid overdrawing your account is to make sure you know how much money you have in your account. If you know how much money you have put in and how much money you have taken out of your account, you know exactly how much money you can promise to a vendor with a check or debit transaction.

But what are the different tools you have to know just how much money you have available in your account to spend? Here are 5 ways to keep track of your account balance at Academy Bank:

1. Online Banking
You can check your balance on our website by logging into Online Banking. This secure, easy-to-navigate site allows you to see your current account balance, what transactions you have posted, pending debit or deposit transactions, and any fees that might have posted.

You can even use Online Banking to transfer money from a savings account or another checking account. The balance does not include any checks you have written that the vendor has not yet deposited or ACH debits you may have scheduled to pay at a future date, but it does give an accurate record how much money is currently available in your account.

2. Mobile Banking
If you have a smartphone, you can access your account through Mobile Banking. With Mobile Banking, you can check your account balances, transfer money from one account to another, and review transactions. It has many of the same functions as Online Banking all on your smartphone. This way you can check your account balance anywhere you are.

3. TeleBank
You can even call a toll-free number to check your account balance from any phone. With TeleBank, just enter your PIN and follow the prompts to check your account balance, transfer money, or check recent transactions.

4. In Person at a Branch
You can also just stop by a branch near you. Simply show your identification, and any teller will be happy to check your account balance for you free of charge. Many of our banking centers are open extended evening and weekend hours.

5. Physical Account Register
The last method is a physical account register. While this method is now far less common thanks to Online and Mobile Banking, you can still use it to learn good money management. In your register, you can record each transaction you make whether you are spending money or depositing it. When you spend money, you subtract that amount from your ongoing balance. When you deposit money, you add it to your ongoing balance. It just takes a second, and it helps you know exactly how much money you have in your account available to spend.

All of these options make it easy for you to check your balance in your account before you spend money so you can make sure you have put more money in than will be going out.