Why you have to check your bank statements daily

|
Why you have to check your bank statements daily
Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
Advertisement

Do you know that most people almost never look at their bank account or their credit card statement? Month after month goes by and you don’t look. And what you don’t look at could cost you money, because more and more creepy weirdo charges will show up on your credit card statement, on your bank statement — usually ten dollars or less, a lot of times with not much of a description. And we don’t see them, and we end up having to pay for stuff we didn’t buy.

But there is one thing that often your bank will try to con you into getting that’s called croak and choke. It’s credit life and disability insurance. On your credit card statement they will bill you and they get you to buy this stuff that insures the bank in the event that you become disabled or die.

Now this is really terrible because they convince you that you’re doing a good thing for yourself by buying insurance protecting the bank. Don’t let them rip you off. If they want to sell you something like croak and choke, you tell them to take a hike. I’m Clark Howard.

Related:
Credit card protection policies are a rip-off
Beware of Sneak Attack Bank Fees

Why You Need To Turn Paper Statements Back On
 

Advertisement
Clark Howard About the author:
Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. More about Clark
View More Articles
  • Show Comments Hide Comments