I'm kind of asking "why?". I know everyone says it's the right thing to do but I'm questioning conventional wisdom.
I assume the biggest reason to do it is so you catch any major screw-up that costs you money (like the bank withdraws $1000.00 instead of $100. Or your deposit of $800 check never gets credited. Isn't that the point of it?
So I'm asking the wise back room: how many of those kind of errors do you find and at what size?
I'm pretty sure I'd notice if a $1000 or greater error was made (because I have a pretty good feel for my balance and scan my online statement each month). But I could definitely get bit if a smallish deposit wasn't credited or the like.
I'm wondering what the frequency, on average, of those kind of errors is.