It used to be hard to reconcile your checkbook to your bank account, because they were separate.
Today however most people do their banking online and checks are becoming a rarity. However rare they are becoming they are still used, so why not let bank customers enter when they have written a check in a ledger on their online bank account once logged in. This would save them overdraft fees and keep banks in compliance with reserves. Now for banks to be in compliance with reserves wouldn't that be a responsible thing?
The total of paper checks written could appear as an item with the subtotal or separate or both.
Banks are not really concerned whether you have the money in the account when you write online checks because they rely on you to manage this so I do not see how this could be an issue with regard to bank customers being responsible.
It would indeed allow consumers to more responsibly manage their finances to avoid overdraft.
God Bless Those Who are Responsible
Thomas Paul Murphy
Copyright 2010 Thomas Paul Murphy