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You never think you need to save your monthly
statements until you need them. And today, you need them more than you realize.
Did you realize that your monthly statement is your MasterMoney Check Card (debit)
protection for online and telephone purchases. When you use your MasterMoney Check
Card at a store, you have your receipt and the transaction information. But what
about when you order from that catalog by phone? Where is your record? What if
you have to send it back? What if you never receive it? How do you prove you ordered
it? How do you verify that your account was debited for the transaction? With
your monthly statement! If you have a credit card, you reconcile your purchases
with that monthly statement. Your Credit Union monthly statement gives you the
same protection for your MasterMoney Check Card.
There are many other reasons to keep your statements, all of which go along with
good record keeping. ATM deposits and withdrawals are recorded there. Checks and
their paid date are recorded there. The interest you have earned is recorded there
too.
We recommend that you keep your monthly statements for at least one year. You
might need them for your income tax too! |