How To Do A Bank Balance Check In 2022?

Save & Invest

Technology has made it very simple to do a bank balance check, without leaving the comfort of your home. All that you would need is a high-speed Internet connection that is safe. You can find your bank cheque number at any time.

How to do a bank balance check

A bank balance check will tell you how much money you have in your account at a certain point in time. Knowing this will make it easier for you to pay your bills, transfer funds, make your monthly payments, and even manage your expenses. Here are a few ways you can choose from in order to check the balance in your bank account:

Passbook – This is the offline way of doing your bank balance check. You will have to visit your bank and get your passbook updated to know how much balance you have in your account. The good thing, however, is that you will get all the details of all the transactions you have made to date.

SMS – If you have registered your mobile number for your bank account, you can do a bank balance check through SMS. Most banks provide a toll-free number that you can give a missed call to, to check your balance. You can also send a certain message to a certain specified number from your registered mobile number.

Net Banking – Net Banking is one of the most convenient and safest ways to check the balance in your bank account. You will have to visit the official website of your bank and log in with your details to avail of this facility. Once you do, you will have to click on the “View Balance” option to do your bank balance check.

Mobile Banking – Most banks today have come up with mobile apps to facilitate their customers to carry out their banking activities. You can download it on your mobile and log in with your MPIN to view your balance.

ATM/Debit Card – You can do your bank balance check by using your ATM or debit card at designated ATMs of your bank. This helps to know your account balance before and after withdrawing money. However, you will have to activate your ATM card if you have never used it till now.

UPI Apps – There are UPI apps like Google Pay, Paytm, and PhonePe where you can check your bank balance and also do instant fund transfers. They are very safe to use and also extremely convenient and user-friendly.

How to find a bank cheque number?

Cheques have always held their importance as a safe financial negotiable instrument for decades now. You will have them in the form of a chequebook if you have opted for one. Every leaf in the chequebook is called a cheque with your account number, a cheque number, a MICR code, an account code, and a transaction ID printed on it.

A cheque number is a six-digit number printed on the bottom left of your cheque leaf. This number is very crucial in checking the status of the cheque. You can also use it to give a standing instruction to your bank to stop payment. In case someone has paid you money through a cheque, you will have to mention this number in the challan while depositing it into your account.

A cheque can be cashed or deposited, depending on the type of cheque that you receive. Here are the different types of cheques you should know about if you are new to banking:

Open Cheque – An open cheque is an uncrossed check that individuals can use to encash or deposit into their accounts. They can also transfer their cheque to another payee.

Bearer Cheque – A bearer cheque is usually given to a beneficiary or representative of the payee. It can be cashed at the bank by the one to whom it has been issued. However, the cheque leaf has to contain the word “carrier” for it to be processed.

Self-cheque – A self-cheque is a cheque with the payee’s name as “Self” written on it. This is the one you write when you wish to withdraw cash from your account. The drawer and the payee are the same people here. It is important to maintain this cheque safely so that it doesn’t fall into the wrong hands. If it does, the holder can easily cash it at the bank where it was issued.

Account Payee Cheque – This cheque will contain the word “Account Payee” within the two parallel lines drawn across the top-left corner of the cheque leaf. Such a cheque can only be transferred to the account of the person, whose name is written on the cheque. It is the safest way of issuing a cheque.

Crossed Cheque – Thecrossed cheque is basically a bearer’s cheque with two parallel lines drawn at the top-left of the cheque leaf. This cheque can only be deposited into the account of the payee, whose name is mentioned on the cheque. Like the account payee cheque, this is also a very safe cheque to issue.

The other types of cheques include post-dated cheques, banker’s cheques, and traveller’s cheques.

Summing up

Advancements in technology have made banking convenient and safe for today’s customers. You can easily do a bank balance check or identify the bank cheque number with the help of your mobile phone or desktop. For more such articles, log onto Piramal Finance.