Where Is My Monthly Statement?
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
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!