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Read the following passage carefully. Pay attention to the details.
Managing a bank account in the digital age requires reading your transaction updates carefully. Whenever money moves in or out of your savings account, your bank sends an instant SMS alert or push notification. When money is added to your account—such as your monthly salary deposit or a transfer from a friend—the statement entry is marked as 'Credited'. This increases your total available balance.
Conversely, whenever you make a purchase at a store, pay a utility bill, or transfer money to someone else, the transaction entry is marked as 'Debited'. This term means funds have been subtracted from your balance. At the end of every month, reviewing your downloadable 'Account Statement' allows you to see a complete summary of all credits, debits, and service charges. Checking these entries regularly ensures you maintain complete control over your personal budget and identify any suspicious activity immediately.
