Bank Statements

Bank statements may be simply defined as the summary or the concise, pertinent representation of every kind of financial transactions irrespective of volume and nature over a specific time-frame.

Few of the important characteristics/features/components of the bank statements are mentioned in the below segment –

  • They can be issued on an individual’s deposit account with one of the local branches of the bank.
  • The bank statements can be issued in regards to the transactions related to the usage of the credit card services of a particular bank.
  • The bank statements are also released in connection to the running of a current or recurring account by the individual.
  • Generally, the bank statements are printed on a number of sheets of papers and a copy is given to the concerned person or entity.
  • A replica of the content of the bank statement is, in most of the cases, mailed to the residence of the account-holder.
  • Some of the bank statements have the provisions of highlighting the cases of cancelled cheques in their documents.
  • Bank statements are also distributed via internet that makes it susceptible to the problem of identity theft through data interception.
  • AS per displaying of an individual’s account number, a bank statement either shows the last 4 digits of the account number or the first 4. It depends on the security policy of the concerned individual’s bank.
  • If a person has got some queries or problems in regards to his/her personal bank statement then he/she must contact only the personal banking section of the bank.
  • The service for providing the banking statement for a business organization or a commercial entity is distinctly different from that provided in case of a personal deposit account in any branch of the bank.
  • The bank statement must not be confused with the financial statement as the latter speaks about the financial status of a company or an individual.

Sample Bank Statement

Bank Statement Format

Bank Statement Template

Bank Reconciliation Statement

Online Bank Statement

Official Bank Statement

Bank Statement Request Letter

Lost Bank Statement

Visa Bank Statement

Notarized Bank Statement

Monthly Bank Statement

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