When was the last time you reviewed your financial accounts? If it's been a while, you're not alone. Now is the perfect time to make sure everything's up to date. Keeping your account details current isn't simply good housekeeping - it's a powerful way to protect your finances, simplify your life, and plan for the future.
Why reviewing your accounts matters
1. Stay organized
Over time, it's easy to accumulate accounts you no longer use - an old savings account, a joint account from a past relationship, or a checking account opened for a specific purpose that's no longer relevant. A quick review can bring clarity and help you focus on what matters most.
Best practices:
- Close accounts you no longer use
- Combine accounts where it makes sense
- Add account nicknames (like "Vacation Fund" or "Monthly Bills") to keep your goals front and center
2. Avoid surprises
As your life grows and changes, your financial accounts should grow with you. Whether you've updated your name, adjusted your financial goals, or changed who you share accounts with, keeping your accounts aligned with your current needs helps everything run more smoothly.
Best practices:
- Review joint accounts to ensure the right people have access to funds
- Remove outdated joint account holders to keep things secure
- Confirm that Power of Attorney or other legal designations are up to date
3. Prevent fraud
Having the right contact info on file helps you stay on top of important updates or alerts. In today's fast-moving digital world, staying in the loop is one of the best ways to protect your identity and your money.
Best practices:
- Update your phone number, email, and mailing address
- Turn on account alerts in Online Banking to catch unusual activity early
- Use strong, unique passwords and enable two-factor authentication for extra
4. Simplify future transactions
Whether you're applying for a loan, transferring funds, or managing your estate, having clear and current account information can save time and reduce stress.
Best practice:
- Keep your account titles and ownership structures current
- Ensure your accounts are properly linked for transfers or payments
- Review your preferences for paperless statements, notifications, and more
5. Stay compliant
Financial policies and requirements can change over time, and keeping your information accurate helps you stay ahead. Staying on top of updates not only ensures compliance but also helps you avoid delays and enjoy smooth, uninterrupted service.
Best practices:
- Respond promptly to requests for updated documents
- Take a moment now and then to review your account terms
- Reach out with questions - we're here to help
What to review
Here's a checklist to guide your account review:
- Open and joint accounts
- Contact information (phone, email, address)
- Account contact preferences (notifications, paperless settings)
- Account nicknames and purposes
- Linked services and permissions
How to review your accounts
You have several convenient options:
- Log in to your Online Banking and visit the “All My Accounts” page to view your account details.
- Call Member Services at 1-877-GOLDEN 1 (877-465-3361) and select option 0 for personalized support
Need to make changes?
If you need to update an account structure, close an account, or make other changes:
- Schedule an appointment at your nearest branch
- Contact Member Services at 877-GOLDEN 1 (877-465-3361)
- Select option "0" to speak with a representative.
