A method for dual channel monitoring on a radio device as provided enables efficient use of communication network resources. The method includes receiving at the radio device a first speech signal over a first channel, while simultaneously receiving at the radio device a second speech signal over a second channel. The first speech signal is then processed at the radio device to generate a text transcription of the first speech signal, and the text transcription of the first speech signal is displayed on a display screen of the radio device. An audible voice signal is then produced from a speaker that is operatively connected to the radio device simultaneously with displaying the text transcription of the first speech signal.