how often should individuals reconcile their bank and credit card statements 
individuals should reconcile bank and credit card statements frequently to check for erroneous or fraudulent transactions if a personal atm or debit card was involved in a fraudulent transaction an individual s liability is limited to 50 if they notify the bank within two business days but rises to 500 after two days and up to 60 calendar days after 60 days the federal trade commission ftc notes they will be liable for all the money taken from your atm debit card account and possibly more for example money in accounts linked to your debit account 2