Which number on my bank account statement is my total amount in the bank?

Question

It says - closing balance 1,079.29 on one part.
Then- Total 1,356.27 after [deposits and other credits]
Which is the amount i have in the bank?
Or do i have to figure this up myself?

Answer 1

the closing balance is the balance as of the end of the statement. The difference in the two numbers given may be that there are pending transactions in effect. But because they are pending it wouldn't show up on the statement you have. It would be on the next statement you are due to receive.

Also in this event. you may have checks or other transactions which have occurred since receiving that statement so call your bank to get a current balance. Or you can try to contact your bank online to see a current statement of what all of your transactions are pending and definite.

Answer 2

The "Total" is the amount of all deposits. This does NOT account for the balance at the beginning of the period or any debits/withdrawals.
The "Closing Balance" WAS your balance as of the statement date. This does not account for any checks the bank had not received by that date or transactions occurring after that date.

The most accurate answer is, by the time you receive the statement, ALL of the numbers are out of date.

Answer 3

There should be your beginning and ending balances for the statement period .
But those are weeks old and other banking activity may have occurred .

You obviously have computer and Internet access .
Start checking your account on line for real time amounts .

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Answer 4

Your closing balance as of the date of the statement