CONTENT Accounts ATM / Debit Cards Business Accounts Certificates of Deposit Checking Accounts Credit Card Accounts Online Banking / Billpay Retirement Accounts Savings Accounts Trusts Checks /    Money Orders Checks You Received Checks You Wrote Money Orders Lending Business Credit Credit Cards Home Equity Home Mortgage Personal Student Loans Vehicle Loans Manage Your Money Debt Management Personal Finance My bank said. . . Safe Deposit Boxes Scams / Fraud Identity Theft Internet Fraud / Phishing Special Situations Deceased Individuals Foreign Customers Incapacitated Individuals Minors Powers of Attorney   DEPARTMENTS Ask a Banker Banking Blog Banking Lingo Banking Tools Discussions Multimedia Podcasts Videos Resources   DETAILS Site Index Site Map Site Orientation Link to Our Site About Advertising About Us Legend for Icons  Article    Q&A  Podcast  Video  Blog  Discussions PDF    Powerpoint BankingQuestions.com Web Print Friendly Version! Email This Article! Discuss NOW! Why you should promptly review your bank statement The banking laws attempt to allocate the risk of loss (from forgeries, alterations, unauthorized transactions, and other problems) to the party in the best position to prevent the loss. Sometimes that's your bank. Sometimes it's the payee's bank. Sometimes it's you! Each party to a bank account, and each party to a payment transaction, has certain rights and duties. One of the duties every deposit account customer has -- whether it's a business or an individual -- is to promptly examine each bank statement when it arrives and notify the bank of any problems or errors. Are you doing that? In this podcast, Mary Beth Guard explains that you may lose the ability to pass on liability for certain errors and problems to the bank if you don't examine your statement when you should.   Review Your Bank Statement Click on the link to initiate the podcast. It may take a few seconds to load. If you find an error, it must be reported. Listen to our podcast on The Next Step." Subscribe to BankingQuestions.com podcasts on iTunes . Accounts |  Lending | Manage Your Money | Safe Deposit Boxes  | Scams/Fraud BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more. Privacy Policy |  Disclaimer  |  Recommend This Site!  | Site Index | Link to Our Site  | Email Us