Why is it important to review your checking account statement? what fees might this help you avoid? explain your answer.

Question: Why is it important to review your checking account statement? what fees might this help you avoid? explain your answer. 

It is important to review your checking account statement regularly to ensure that all transactions recorded are accurate and authorized. By doing so, you can identify any errors or fraudulent activity on your account, and take action to resolve the issue before it becomes a bigger problem. Reviewing your account statement can also help you avoid unnecessary fees, such as overdraft fees or insufficient funds fees, by keeping track of your account balance and ensuring that you have sufficient funds to cover any transactions. Additionally, reviewing your account statement can help you identify any subscriptions or recurring charges that you may have forgotten about, and cancel them if necessary to avoid incurring additional charges in the future. Overall, regularly reviewing your checking account statement is an important step in managing your finances and avoiding unnecessary fees and charges.

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