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It is important for you to carry out an audit of your account at least once every year to make sure that any problems that have been occurring in your bank account statement for that period are corrected. If the payments that are usually carried out every week are very complex, you need to carry out these audits as frequently as twice a month.
When checking for errors in your account, watch for errors such as higher withdrawals. Make sure that the interest rates, as reflected in your bank account statement, are calculated correctly where they apply. Ensure that the principal repayment amounts are entered correctly. The same case should apply to other deposits. Ensure that the figures are exact. Ensure that there are not any payments that are being made from your account without your approval. This might be in the form of auxiliary services.
The frequency with which you should request for audits of your mortgage account will depend on its complexity. If you decide that you are going to have yearly checks to your account, make sure that periodic bank account statement audits are carried out whenever a major transaction takes place.
Dealing With Errors in Your Bank Account Statement
