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What’s the purpose of balancing or monitoring your checking account?

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This is so you can know precisely how much money is in your account at any given time. This knowledge will prevent you from withdrawing too much money for some reason.

This can also ensure that the bank hasn't messed up and taken or given you money.

 A final reason is to protect you, so that you can see if money has gone missing from your account. This is for cases of identity theft, or a loss of your debit card.

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