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Balance Checker
The balance checker is exactly as the name suggests. It will show you the balance of the given address. In this example we can see that the Wikileaks wallet has a total of 1.86083662 BTC
For this reason, it is a smart idea to generate a new address for different transactions. A wallet can contain unlimited addresses, the money remains yours, you could liken it to having your accounts with the one bank but having multiple facilities within each. For example. Savings, cheque, transaction accounts etc.
Note: Balance checker will not automatically validate an address. It will only check for balance. Before sending you should check if address is valid