How to Check Bank Balance? Different Ways to Check Bank Balance

Keeping track of your bank balance helps you manage your money better. Thankfully, most banks now offer convenient ways to check your account balance online or through their mobile apps. In this post, we'll explore some options for checking your bank balance without needing to visit a branch.

How to Check Bank Account Balance – Traditional Methods

Here are a couple of traditional ways to find out your bank balance:

1. Passbook: This is a small booklet that keeps track of all your bank transactions. By keeping it updated, you can easily see your current balance. While you'll need to visit a bank branch to update it, some people prefer having a physical record of their transactions.
2. ATM: Automated Teller Machines (ATMs) are another option. You can insert your debit card and enter your PIN to see your balance and recent transactions. ATMs are convenient because they're often available 24/7, but using an ATM that isn't from your bank might come with fees.

How to Check Bank Balance - Modern Methods

Use Net Banking

To check your balance through net banking, head to your bank's website on your phone or computer. If it's your first time using net banking, you'll need to register.

Registration typically involves entering some basic information like your account number, phone number, and email address. You might also need your debit card details. Once you submit the information, you'll usually receive a one-time password (OTP) to verify your identity. After entering the OTP and setting a username and password, your account will be set up.

Once registered, log in to your net banking account and you can view your balance at any time. Net banking also lets you do many other things with your account, like making payments and transfers.

Using a UPI App

These days, many people use UPI apps to manage their bank accounts. UPI stands for Unified Payments Interface, and it basically lets you access your bank's features through a single app.

If you're new to UPI, here's a quick rundown on how to get started:

• Download a UPI app on your smartphone.
• Make sure the phone number linked to your bank account is still active.
• Verify your phone number using a code sent by the app through a text message.
• Set up a unique PIN and a separate UPI ID for added security.
• Create a four-digit UPI PIN to confirm transactions.
• Look for an option that says something like "Your Account Balance" to check your real-time bank account balance.

Give a Missed Call

Some banks offer a convenient way to check your balance by giving them a missed call. Here's what you'll need to keep in mind:

• Registered Mobile Number: This is the most important step. To receive balance updates through missed calls, your mobile number needs to be registered with your bank.
• Active Phone Number: The phone number you use for the missed call needs to be active and able to receive SMS messages.
• Bank Availability: Not all banks offer missed call balance checks. Be sure to check with your bank to see if they have this service available.

Send a Text Message

Many banks now offer text message banking, which is a convenient way to check your balance on the go. If your bank has this service, you can simply send a text message to a specific number and receive a reply with your current balance.

Text message banking is usually automatic, but you may need to sign up for it first. Some banks may also send you text alerts whenever there's a transaction on your account.

Check Your Balance with Mobile Apps

Many banks now offer mobile apps alongside their online banking options. These apps are designed for smartphones and typically have easy-to-use interfaces. They let you do a variety of things, like checking your balance, moving money between accounts, paying bills, and more. So, with just a few taps on your phone, you can see how much money is in your account.

How Can I Check My Account Balance in Freo?

Want to check your balance in the Freo app? Here's how to do it easily:

1. Open the Freo app and land on the home screen.
2. Look for a button or section that mentions your balance. It might say something like "Show Balance" or "Account Balance."
3. Click on that button or section to see your current Freo account balance.

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Why is it Important to Monitor Your Bank Balance

Keeping an eye on your savings account balance can be a helpful way to manage your money. This can help you avoid some issues, like fees for overdrawing your account. It can also help you stick to your budget and make sure your bills are paid on time. Another advantage of checking your balance regularly is that you might catch any suspicious activity sooner.

Protecting Your Sensitive Information

Checking your bank account balance is a good way to stay on top of your finances, but it's also important to make sure your personal information stays secure. Here are some simple tips to help you do that:

1. Use a Strong Password and Update it Regularly: This makes it harder for anyone to guess your password.
2. Keep Your Account Details Private: Only share them with people you trust completely.
3. Check Your Account Activity Often: This way you can spot any unusual transactions quickly.
4. Use Secure Connections for Online Banking: Look for the website's security symbol or only use your bank's official app.
5. Be Careful of Suspicious Emails and Texts: Don't click on links or open attachments from unknown senders.
6. Use ATMs Safely: Choose well-lit locations and shield your PIN when entering it.

Frequently Asked Questions (FAQs)

1. How to check bank balance without visiting the bank?

There are several convenient ways to check your bank balance from home:

• Internet Banking
• Mobile Banking App
• SMS Banking
• Calling Customer Service

Is there a fee to check my balance online?

No, checking your bank balance online is typically a free service offered by most banks.

How do I check my account balance online?

Here's a general guideline for checking your balance online:

• Ensure your mobile number is registered with your bank. This is crucial for receiving verification codes and accessing SMS banking features.
• Make sure your mobile number is active. You'll need to receive and send text messages for SMS banking and verification purposes.
• Use a smartphone for optimal experience. Banking apps and UPI apps (if applicable) offer a user-friendly way to manage your account.
• Verify your ATM or debit card is linked to your bank account.
• Activate internet banking services. Contact your bank if you haven't already activated online banking.

Is Internet banking safe? Will my account get hacked?

Internet banking is generally safe when used with caution. Banks use advanced security measures to protect your information.

Is the toll-free number to check bank balances the same for every bank?

No, each bank has its own unique toll-free customer service number for balance inquiries and other banking services. You can find the specific number for your bank by visiting their official website or contacting customer support directly.