A Step-by-Step Guide
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Balancing a checking account is a financial task that should be performed regularly to track your spending, monitor your account, and ensure that your money is actually there when you need it.
It takes just five steps to complete this essential task and rest easier about your finances. Learn why it’s important and how to get it done.
What Is Balancing a Checking Account?
Balancing a checking account means comparing the money coming into the account to the money going out of the account. This shows you how much money you have for spending. It’s also an opportunity to match your records with the bank’s records and catch mistakes that can lead to bank charges or identity theft
Balancing a checking account helps you:
- Budget for upcoming expenses
- Avoid bounced checks and overdraft fees
- Identify mistakes that you or the bank made
- Catch suspicious or fraudulent charges quickly
- Keep track of any interest you are earning
You should plan to balance your checking accounts regularly—at least once per statement period. If you find yourself bouncing checks, however, you should balance your account anytime you’re about to spend money, for example, before paying bills or going shopping.
What You Need to Balance a Checking Account
To get started with balancing a checking account, gather everything you’ll need:
- Most recent bank statement (mailed or printed from your online account)
- Check register
There are templates available to help you manually do the calculations needed if you prefer to use pen and paper. If you prefer to do them electronically, you can build a spreadsheet or use accounting software.
Five Steps to Balance Your Checking Account
To balance your checking account, you want to look at how much has gone in and out, then make sure these numbers match the values you are expecting. If they do not, then your account is unbalanced and you have money that is unaccounted for.
You will be finding and comparing three numbers:
- Bank balance
1. Assess your Balance
Start by writing down your bank balance. This is the month-end account balance shown on your account.
You can check your account balance online, with an app if your bank has one, at an ATM, by phone, or by text.
2. Compare Your Check Register to Your Statement
Next, compare your check register to your bank statement. Place a checkmark (on both the bank statement and the check register) next to matching items.
Your bank statement and your check register should have all the same items listed, including:
- Debit card charges
- Paper checks
- Cash withdrawals
- ATM fees
- Overdraft fees
- Interest earned
If anything is missing from your check register, either add it (if it is a legitimate transaction) or make a note to ask your bank about it (if it looks suspicious or you can’t remember making it).
Add up all the deposits and withdrawals so you know how much you should have in your account you should have.
3. Find Outstanding Transactions
Outstanding transactions generally fall into two categories: deposits and withdrawals.
To find outstanding withdrawals, look through your check register for any transaction that does not have a checkmark next to it. These transactions are items that did not appear on your bank statement.
Most likely, these are outstanding checks. Outstanding checks are checks you have written but the recipient hasn’t yet deposited. Add these values to your total withdrawals.
Make a list of deposits you have made to the account, such as direct deposit from your payroll or deposits that you mailed to the bank but which have not yet appeared. Add these values to your total deposits.
4. Run the Numbers
You’ll have several numbers on your sheet of paper by this point. Now, you need to use your calculator to make sure all your money is accounted for.
- Start with zero
- Add “Bank Balance”
- Add “Deposits”
- Subtract “Withdrawals”
The result should be the exact amount your check register shows.
5. Fix Mistakes and Problems
If the numbers don’t match, you’ll need to figure out why. If you find fraud or a bank error, contact the bank immediately to contest the problematic transaction—otherwise, you might have to live with the problem.
Most checking accounts offer protection from fraudulent transactions. But if you wait more than two months to find and report a problem, you might have to absorb the loss.
Fortunately, errors and fraud are relatively rare. In most cases, the numbers won’t match because:
- You made an arithmetic mistake
- You missed a fee or an interest payment
- You listed an item twice
- You transposed numbers (345 instead of 354, for example)
Double-check that none of these common errors happened before you contact your bank.
Create a System That Works
Now that you have balanced your checking account, you’ll need to keep it balanced. The key to staying balanced is creating a system you can follow easily and consistently.
If you don’t record transactions from your checking account, you will need to monitor your online charges multiple times a week—even daily—to ensure that your account is balanced and free from fraud.
There’s no best system for balancing your checking account. Take time to figure out which system works for you. That could be:
- Pen and paper
- Building a spreadsheet
- Using accounting software
To monitor your checking account even more closely, you can find out about transactions as they occur. Set up text alerts on your bank account to know when big electronic withdrawals hit your account.
Alerts will help you remember important transactions when it’s time to balance your account, as well as making it easier to detect fraud and errors. This will both save you time and protect your assets.
Image by Theresa Chiechi © The Balance 2019
It’s critical to know how much money you have in your bank account and how much of your total balance is available for spending. Checking your account frequently helps you see where you stand as well as spot problems (like fraud or errors) before they get out of hand.
Once you view your balance, be sure you understand the difference between the account balance and your available balance.
Six Easy Steps
1. Log In Online
You can check your account balance online anytime—and much more. To get started, navigate to your bank’s website and access your account information. You can also use a mobile app, as described below. In most cases, you’ll look for an option like “Login” or “Account Access.” If it’s your first visit, select options like “Register” or “First-time User.”
If the idea of online banking is new to you, you should give it a try. In addition to checking balances online, you can often transfer money to other banks, pay bills without writing a check, and more.
2. Mobile Apps and Text Messages
Mobile phones, tablets, and other devices make it easy to check on accounts from just about anywhere. Most banks provide apps (or at least websites designed for mobile devices) that allow you to see your account balance online and on-the-go. Apps typically enable you to do even more than you can do from a desktop computer.
For example, banks increasingly allow you to deposit checks with your mobile device, so you can quit wasting time on trips to a branch and start getting your funds more quickly.
The fastest way to use your cell phone is to set up text messaging with your bank. You don’t even need to log in—you can request a quick balance update if your bank offers that option.
3. Use an ATM
ATMs can provide updated account balances. Just insert your ATM card or debit card and follow the on-screen instructions. It’s best to use your own bank’s ATM (or an ATM network that your bank uses). Other ATMs will most likely charge fees—even if you don’t withdraw cash. Your bank may also charge an additional fee for using a “foreign” ATM, so those balance inquiries can cost you.
4. Call the Bank:
If you prefer a more traditional approach, call your bank to find out your balance. You might need to call during certain hours to speak with a person, but most banks have automated systems that provide 24/7 account information. Getting set up to use those systems might take some effort (you may need to first establish a PIN, among other things). But once you’re up and running, it’ll become routine.
5. Set up Alerts
Instead of checking your bank account balances manually, you can have your bank push information out to you when something happens. This adds an automatic safeguard for your account.
Just want a heads up when your account balance gets low or whenever there’s a significant withdrawal? If so, set up alerts so that your bank sends you an email or text message. You can typically customize the types of messages you get and what dollar amounts are relevant to you. With alerts in place, you can assume all is well until and unless you hear from your bank.
Even with alerts, it’s wise to log in and review your account periodically. If there are any errors or fraudulent transactions, you need to report them promptly to get full protection under federal law.
6. Talk to a Teller
If all else fails, speak with somebody in person—assuming you use a brick-and-mortar bank with local branches. Unfortunately, it’s getting harder to access tellers, and some banks even charge additional fees for personal service. However, if you use a credit union that’s part of a shared branching network, there may be thousands of locations nationwide available to you.
While a face-to-face talk can be helpful, it’s best to get comfortable with some of the self-service methods above. You’ll appreciate being able to get things done on your own time and from almost any location.
Your Available Balance
As you check your bank balance, pay attention to the type of balance that you see. When you go online or use the bank’s app, most banks show an available balance (which tells you how much you can afford to spend or withdraw today) as well as a total account balance.
The available balance is usually less than you think you have (what you think of as your “account balance”) because of pending transactions: debit card authorizations, upcoming bill payments and deposits that have not yet cleared. Those funds may become available in a few days, but until then, the funds are frozen.
You Know More Than Your Bank
If you balance your account regularly, you rarely need to check your balance (although it’s a good idea to do so, just to identify problems before they get worse).
In fact, you’ll probably know where your balance is headed before your bank does. If you write a check or spend before the transaction hits your account, your own records will be more accurate than those of the bank.
You can monitor your account in multiple ways. Take advantage of mobile apps that keep information at your fingertips, and employ alerts to notify you of potential problems. As you track things, you’ll know when deposits clear (and when you can use the money), and you’ll have a better understanding of your finances.
Frequently Asked Questions (FAQs)
Which bank is best for a zero-balance account?
The best bank will depend on your preferences, such as whether you prefer online or in-person banking. However, if you plan on having low balances, you’ll want to ensure that you choose a bank account without account minimums or monthly fees that could accidentally trigger an overdraft fee.
What happens when you close a bank account with a negative balance?
If you overdraft your bank account and end up with a negative balance, you will be expected to settle that debt. Even if you request to close your account, a bank probably won’t allow you to close the account until you have brought the balance back to at least zero.
Which bank offers the highest interest rate on savings accounts?
The banks with the highest interest rates on savings accounts include Sallie Mae Bank, Affirm, and Fitness Bank. These rates change often, so research multiple competitors before choosing a bank.
To see your balance, use the App Store. Or on a PC, use iTunes for Windows.
Check your balance on your iPhone, iPad, or iPod touch
- Open the App Store app.
- Tap your photo or the sign-in button at the top of the screen. You might be asked to sign in with your Apple ID.
- If you have a balance, the amount appears below your name. If you don’t see an amount, you don’t have a balance.
Check your balance on your Mac
- Open the App Store. If you see the sign-in button at the bottom of the sidebar, click it and sign in with your Apple ID.
- If you have a balance, the amount appears below your name. If you don’t see an amount, you don’t have a balance.
Check your balance on your Windows PC
- Open iTunes for Windows. If you’re not signed in, sign in with your Apple ID.
- At the top of the iTunes window, click Store.
- If you have a balance, the amount appears below your name. If you don’t see an amount, you don’t have a balance.
About unused Apple ID balance
You can’t redeem or return Apple Gift Cards, App Store & iTunes Gift Cards, or unused Apple ID balance for cash, except as required by law. If your jurisdiction allows for refund of redeemed gift balances, you can contact Apple Support to request a refund. When you contact Apple, please include the following information:
- Your Apple ID.
- The refund amount.
- Your current shipping address.
If you plan to delete your Apple ID or change your country or region
Before you can delete your Apple ID or change your Apple ID country or region, you must spend all of your Apple ID balance. You might also have to wait for any pending refunds to process. If your balance is less than the cost of a single item, contact Apple Support.
Receiving an iTunes gift card opens up a world of possibilities to stream, store, and download films, music, and videos.
Apple is well-known for its care in keeping control over its brand though, which means that iTunes gift cards work differently from the traditional cards you can get from other companies.
DoNotPay has all the info you need to check your iTunes gift card balance and explore your options across the Apple world!
How Do iTunes Gift Cards Work?
When you buy or receive an iTunes gift card, it comes pre-loaded with the following amounts:
New cards are becoming available—offering custom denominations between $15 and $500—and are interchangeable between Apple Music and the Apple store.
Once you have got your iTunes gift card, you need to scratch off the security tape at the back of the card to reveal your code.
On your Apple device, you then access your Apple ID account and click on the Redeem Gift Card feature. You can then type in the code from your gift card, and your account will be credited with the gift card amount.
On a PC, you can reload your Apple account via iTunes.
The gift card is then empty, and you can dispose of it.
How Do I Check My iTunes Balance?
If you have received an iTunes gift card and want to know its value, the amount should appear on the card.
If the card has not been redeemed, its value will be exactly as it appears on the card. If it has already been redeemed, the value will be zero.
Here are the steps you should follow to check your balance:
|Account Balance Checks||Explanation|
|On a device||On your Apple computer, mobile device, or PC, go to the iTunes store app or your account home screen and click on the option to view your account balance|
|Online||You can go to the Apple account site, log in with your Apple ID, and check your balance|
|By phone||If you call 1-800-MY-APPLE, you can follow the voice prompts to log a balance inquiry|
Can I Get Cash for my iTunes Gift Card?
If you have an unredeemed iTunes gift card you don’t want, you have a few options to swap it for cash or a different gift card. The possible methods are:
- Via a card exchange
- Using an online merchant
- At a mall kiosk
Via a Card Exchange
You can swap your iTunes gift card online for a gift card of a similar value from another vendor. The offer you receive will depend on supply and demand. If there are a lot of iTunes gift cards currently available, the exchange you are offered may be worthless.
Using an Online Merchant
Several websites offer to buy your iTunes gift card for cash, intending to resell it afterward.
At a Mall Kiosk
You can find kiosks in many malls, grocery outlets, and department stores that buy and sell gift cards. When you present your iTunes gift card, the cashier will make a cash offer—if you accept it, you will get your cash instantly.
All these methods are tried and tested, but you should bear in mind that you will probably not receive the full face value of your iTunes gift card in return.
Both online and physical gift card merchants operate on the principle of “buy low, sell high.” You will probably only get between 80% and 90% of the face value of your iTunes gift card in cash.
There are no other options for converting your iTunes gift card into cash.
What About Other Gift Cards?
Most other gift cards are more flexible, meaning that they can be used multiple times until their full value is spent. Examples of this type of gift card are:
You may find you have some of these lying around with a few dollars unspent on them. This is good news—if you have below $5 on a traditional gift card, you can redeem the amount in cash from the card’s original vendor.
Legislation in 11 states and Puerto Rico means that you can return a used gift card with a value of $5 or less (in most states). The vendor is obliged to give you cash in return.
The downside is that you have to:
- Be in one of the 12 areas
- Go to a vendor’s nearest outlet
- Explain your request to staff who may or may not know the law
Luckily, DoNotPay has a solution. We can get cash back on your gift card in a few clicks regardless of where you live!
DoNotPay Gets You Cash Back!
Getting help from DoNotPay is quick and easy!
To claim cash back on the remaining balance of your gift card, all you have to do is:
- Sign up with DoNotPay
- Go to our Cash Back on Gift Cards feature
- Give us your gift card details
DoNotPay will do the rest! No matter where you are located, we will forward your cash back claim to a vendor outlet in one of the states with a cash back policy. They will process it, and you should receive your money within 14 days.
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If your love for Apple products is not just confined to making and receiving calls and using the internet, you probably would be enjoying downloads of music, books, games and apps.
As a regular iTunes and App Store user, you are interacting with the two interfaces often in a week. But have you ever checked your iTunes and App Store credit balance? You can easily keep an eye on your credit balance from your iOS devices like iPhone and iPad, and from your Mac.
Note: Credit balance feature is not available in all countries.
How to Check Credit Balance in iBooks, App Store and iTunes Store from iPhone and Mac or Windows PC
First off, sign in with your Apple ID – this is a common step to follow to check your credit balance.
In iBooks, App Store, and iTunes Store
Step #1. Tap on iBooks, App Store, or iTunes Store from the Home screen of iPhone/iPad.
Step #2. Tap on Featured button from the bottom menu.
Step #3. Scroll down until you reach your Apple ID. Below the Apple ID, you can see the credit balance.
Check credit balance from iTunes on Mac or Windows PC
Step #1. Launch iTunes on your Mac/Windows PC.
Step #2. Click on iTunes Store. If you are not signed in, enter your Apple ID and password.
Step #3. Now click on your name. If there is some credit left in your account, you can see under your Apple ID in the drop-down menu.
Check Credit Balance in Mac App Store
Step #1. Launch Mac App Store.
Step #2. Sign in with your Apple ID and password.
Step #3. Click on Featured at the top of the app. Your credit balance will be shown next to Account under Quick Links.
How to Check Credit Balance in iBooks on Mac
Step #1. Launch iBooks.
Step #2. Click on Sign In above the Quick Links.
Step #3. Type in your Apple ID and password. Your credit balance will be reflected next to your Apple ID above Quick Links.
The iTunes gift card balance associated with your Apple ID can appear when you redeem a gift card, and it can be used for purchases that you make through the iTunes Store.
iTunes gift cards are a popular gift option for people that use Apple devices such as a Macbook, iPad or iPhone, as they allow you to make digital purchases that would otherwise require a credit card transaction. These iTunes gift cards can be redeemed in a number of different ways, and the money from the gift card can be used to purchase music, movies, TV show episodes or apps.
When the gift card is redeemed, the full value of the card will be added to your Apple ID as a credit, and you can check your iTunes gift card balance at any time once it has been redeemed, provided that is has not been used in its entirety.
But you may not use all of your gift card balance immediately after you have redeemed a gift card, which will leave a credit that is associated with your Apple ID. If you purchase items from the iTunes store infrequently, then it is very easy to forget if you have money left from the card, or how much is left. Fortunately there is a simple way to check for any remaining gift card credit on your Apple ID directly from your iPhone.
How to Check Balance on iTunes Cards on an iPhone
- Open the iTunes Store app.
- Select the Featured tab at the top of the screen.
- Scroll to the bottom of the screen to find your gift card balance listed under your Apple ID.
Our guide continues below with more information and pictures for these steps. We also discuss how to redeem an iTunes gift card from your iPhone.
iTunes Gift Card Balance – How to Check it on Your iPhone (Guide with Pictures)
The steps in this article were performed on an iPhone 6 Plus, in iOS 8. Exact steps may vary for devices using an older version of iOS. These steps will also work for newer iPhone models and newer versions of iOS.
This article assumes that you have already redeemed a gift card (or gift cards) and applied it to your Apple ID. Note that you will only be able to check an iTunes gift card balance for the Apple ID with which you are currently signed in on your iPhone.
Additionally, redeeming multiple gift cards and applying them to your Apple ID account will affect the entire balance. For example, if you redeem two $25 gift cards, you will see a total combined balance of $50. The gift card balances are not separately visible after they have been applied to your account, so you will only be able to check your iTunes gift card balance as one total cumulative number.
Step 1: Tap the iTunes Store icon.
Step 2: Select the Featured option at the top of the Music, Movies, or TV Shows screen.
Step 3: Scroll all the way to the bottom of the screen, then locate the number next to Credit under your Apple ID.
This is your remaining iTunes gift card balance.
Note that this iTunes gift card balance amount can also include any credit that you have received from the iTunes Store, such as if you have gotten a refund for a subscription that you no longer wanted. If you don’t see a number there, then there is not currently an iTunes gift card balance associated with your Apple ID.
The balance of an iTunes gift card is associated with the Apple ID, not the device. So if you had previously redeemed a gift card on your iPhone, but used a different Apple ID, then it won’t appear in this location while signed into a different Apple ID.
If you have an iTunes gift card that you have not redeemed, or if you are unsure whether it has been redeemed, then you can choose to do so directly from your iPhone as well.
How to redeem an iTunes gift card
- Open the iTunes Store.
- Select the Music, Movies, or TV Shows tab.
- Select the Featured option at the top of the screen.
- Scroll to the bottom and tap the Redeem button.
- Tap the Use Camera button or the You can also enter your code manually option, based on which one you would prefer to use.
- Take a picture of the card, or manually enter the code on the card, then tap the Redeem button.
Additionally, you can also purchase and send iTunes gift cards directly from your iPhone. This is a great way to give someone something digital, like a music album, movie, or TV show season.
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Matthew Burleigh has been writing tech tutorials since 2008. His writing has appeared on dozens of different websites and been read over 50 million times.
After receiving his Bachelor’s and Master’s degrees in Computer Science he spent several years working in IT management for small businesses. However, he now works full time writing content online and creating websites.
His main writing topics include iPhones, Microsoft Office, Google Apps, Android, and Photoshop, but he has also written about many other tech topics as well.
This guide is about the How to Check an iTunes / App Store Account Balance Quickly from iOS & Mac OS X. I will try my best so that you understand this guide very well. I hope you all like this guide How to Check an iTunes / App Store Account Balance Quickly from iOS & Mac OS X.
Ever wanted to check your remaining Apple ID balance so you know how much credit is left for iTunes, iBooks, or App Store purchases? Us, too, and it’s actually pretty easy to see quickly from either iOS on your iPhone or iPad, or via OS X from any Mac. All you need is an App Store or iTunes app and an Apple ID whose balance you want to check, and since the App Store is included with every Apple device, you can do it from almost anywhere.
Keep in mind that balances and in-store credits are universal, which means that iTunes Store balances are available to buy things from the App Store or iBooks store, and vice versa, and App Store balances are available to buy apps from either iOS or OS X stores. Credit is indistinguishable from how or where it can be used, the only requirement being to use the same Apple ID. This applies to both iTunes and Apple accounts with credit cards and those without credit cards. In addition, a gift card redeemed at one store or service is available as credit in another, as long as the Apple ID is consistent. Therefore, it doesn’t matter which app you use to check your account balance.
Check your iTunes / App Store balance on your iOS device
This process focuses on the App Store, although you can use the exact method in iTunes apps on any iPhone, iPad, or iPod touch.
- Launch the App Store and tap the Demo tab
- Scroll to the bottom to see the remaining account balance
If you don’t see the balance right away, it’s probably because your Apple ID isn’t signed in or because it’s not yet saved to the App Store or iTunes. In that case, you need to tap the account name or email address and log in to reveal the balance.
Check for available App Store and iTunes credits on your Mac
This uses the App Store, but the same instructions apply to iTunes.
- Open the App Store from OS X and select the Featured tab
- Look to the right, there is an available balance next to Account
- OR: If the balance isn’t immediately visible, click ‘Account’ and sign in, then see ‘Apple ID Balance:’ to find the exact amount of the available credit.
We reiterate that while we have chosen to use the App Store on both iOS and OS X for this guide, the instructions are the same if you also used iTunes on any operating system, be it an iPhone, iPad, Mac, or even a Windows computer. You can also check your balances from Newsstand and iBooks, as both are eventually connected to iTunes with the same Apple ID.
Check the balances of other Apple IDs or other devices
If you use this to check the balance of another Apple ID or linked account, or if you check your own iTunes / App Store balance on another person’s computer or iPhone, don’t forget to sign out when you’re done.
Because Apple ID has account credits, credit card information, iCloud backups, purchase history, both iMessages and FaceTime addresses, the ability to re-download purchased apps, and more, it’s pretty important to keep your Apple ID protected with strong passwords and always sign out of computers or devices who are not yours.
Logging out of your Apple ID from the App Store:
- Scroll to the bottom right of the Demo tab and tap Apple ID
- Click the Sign Out button
For added security, you can also enable 2-Step Authentication on your Apple ID, although if you lose your backup keys in 2-Step mode, you’ll be locked out of your Apple ID forever, which may mean it’s too secure for some forgotten people. Another potential downside to two-step authentication is that it makes it difficult to check the balances of other Apple ID information, meaning it’s not always the most practical solution for families and even some educational or business users.
It’s curious that it’s not currently possible to check your account balances on Apple.com’s official Apple ID management site, although that may change along the way. Obviously, the ability to check and add balances directly through the Apple website would be very useful for managing ID groups, but in the meantime, you can rely on iTunes ’excellent reimbursement feature when allocating monthly credits to individual Apple IDs.
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How To Check Your iTunes Gift Card Balance
With the number of Apple users growing every day, the popularity of iTunes gift cards is also increasing. It happens to be just another form of payment method that you could use instead of a credit card. It eases the process and also provides a great deal of security, which is not otherwise available in the case of credit cards.
Please note that this gift card can be used for a variety of purposes, including the purchase of shows, movies, apps, music, etc. Just like cryptocurrencies, these cards are not bound by any geographical parameters. It implies that anyone with an appropriate wallet to receive the gift card credits can enjoy this functionality.
Unfortunately, people who do not make purchases using this payment method often forget the remaining amount in their account. So let’s explore a simple method for checking your iTunes gift card balance:
Redeeming the card
- Open iTunes: You can do that from any Apple device. Apart from clicking the regular app icon, iTunes can also be accessed from App Store or iBooks Store
- Visit iTunes Store: If you are accessing it from an iOS device, click the ‘featured’ button on the navigation menu located at the bottom of the screen. If you are using a laptop, click the ‘Store’ button at the top of the screen
- Hit Redeem: If you are using an iOS device, simply scroll down and click on ‘Redeem’. However, in case you are on a computer, hit the ‘Account’ button, go down in the given menu and click ‘Redeem’.
Please note that in order to extend the use case, iTunes even allows Android users to redeem the gift cards. Just click on the menu icon situated at the upper left corner and hit ‘Redeem’ in the dropdown menu
- Sign in to your account: In order to assign the value of your gift card to an account, proceed to sign in. As soon as you perform the step ‘c’, a popup will appear, seeking your login credentials. Enter your ID and password or you may create another account if required
- Enter the code: Turn your card and enter the 16-digit code on iTunes app. You can also use the camera to scan the code. If the card has any balance, it will show on your screen and deposited into your account
Checking your balance
Once you have performed the steps mentioned above, you only need to access the app ‘iTunes’ whenever you need to check the balance and repeat every step except ‘Entering the code’.
What’s the alternative?
As mentioned above, gift cards are now widely accepted for their feasibility and ease. However, there is yet another novel way – the one introduced by CoinCola, which offers the best OTC Bitcoin trading service and allows people to buy and sell Bitcoin with virtually all kinds of gift cards.
It does not only allow the users to purchase BTCs and make international payments, but they can also make an investment. For instance, just imagine that you have $100 in your gift card and you do not plan to use the balance. In the long run, the value of your money will depreciate, so it is better to convert this rather unwanted balance into an equivalent amount of BTCs and then trade them off whenever the price increases.
It is worth mentioning that buying bitcoins with a gift card is just one use case which opens the doors for an array of opportunities. One of the coolest perks offered by CoinCola is that our OTC trades are never made public so that the users enjoy unparalleled security.