Baby Boomer Finance – Did You Really Buy That?

Welcome to this weeks edition of Baby Boomer Finance – Did You Really Buy That?

Show Notes:

Do you check your checking account statement each month?  Do you question the bank about withdrawals you don't remember doing?

Well if you don't you could lose all of your money.  When you write a check the person or store you are writing the check to is entitled to that amount of money to be electronically sent to their account.  Once your routing information is known, people can steal from you.

And if you don't report it quickly (60 days) the bank has no liability.  In other words, your money is gone for good.

What is the lesson?  Check your statement every month and question everything.

If you have had the unfortunate experience of having money illegally withdrawn from your account and would like to share it with our readers, please make a comment to this post.