To be qualified to get a bank statement every month, you have to be an account holder of your choice of bank. You must meet some requirements from the bank and get the necessary documents to start the process; it will be an easy process if you comply with instructions. In-depth details on how to receive a statement every month are shown below.
Steps on Obtaining Your Bank Statement Every Month
Get information from an officer in charge at the bankA form will be given to you to fillNecessary documents such as an ID Card and some others are required (depends on the bank)Choose the mode of receiving the statement either through mail or paper. Indicating the time frame; from a certain date to another.
How do I get my Bank Statement through My Mail Easily?
Technology has advanced in the banking sector and your presence at the bank to request for bank statement is not necessarily needed. A USSD Code has been created by some banks to request for a statement to be mailed; in which a File is sent, it can be saved as a PDF on the device. The bank doesn’t restrict customers to paper bank statements; they can be sent electronically.
Do I Have the Right to choose the Time Frame?
Yes, the bank needs to know the time frame. For instance, a statement from 8 May to 8 June will be sent every month as the Bank has been informed.
Why Do I Need A Bank Statement?
There are a lot of reasons you need to need a Statement; some reasons are:
To Know Your Financial Capability: Deposits, Withdrawals, and current balance at that particular month will be shown, by this, you will know your stands and how to save and spend wisely. To Check and Guide against Fraud: It will help in noticing any funny transactions that have taken place and help in addressing the issue before the customer goes bankrupt. To Restrategize Your Personal/Business Financial Performance: The transactions will be scrutinized and help in keeping a better financial record.
Features of the Statement
These contents can be found are as follows
Account NameAccount NumberOpening BalanceClosing Balance
Debit
Bank ChargesTransfer of an amount to another account holderWithdrawal of an amount from the bank account.
Credit
An amount received from an account holder/ an organizationDirect Transfer
These are examples of what will be listed on the debit and credit sides of an account. Many transactions will appear on both sides of your account.
Will Any Amount Be Attached For Getting My Bank Statement?
Banks takes bank charges for bank statement but the charge varies from one bank to the other. Bank statements sent electronically or otherwise get charged.
Example of a Bank Statement ABC Bank PLCAccount StatementSummary DetailsStatement for 01-Dec2021 To 31-Dec-2021ACCOUNT NO 0023456789Currency NGNAccount Name John Emmanuel WhiteOPENING BALANCE 2,500.20TOTAL WITHDRAWALS 4,100.20TOTAL LODGEMENTS 27,000CLOSING BALANCE 25,400.20CLEARED BALANCEUNCLEARED BALANCE 0.00DateTransaction DetailsReferenceValue DateWithdrawalsLodgmentsBalanceDec 1Opening Balance 2,500.20Dec 1Jude Transfer fromDec 1 2,000.00 4,500.20Dec 5ChequeAct 221Dec 520,000.0024,500.20Dec 10Sms Alert feeDec 10 100.0024,400.20Dec 13Transfer toDec 134000.0020,400.20Dec 20Dec 31Judith Transfer fromClosing BalanceDec 205,00025,400.2025,400.20
What Should I do If I Didn’t Get My Bank Statement As At When Due?
Bank networks might be one of the reasons for not getting a bank statement at the appropriate time or a problem from your mail, check your mail and try to rectify all issues. If the problem continues, your physical presence will be needed at the bank’s customer care center; this process also requires you filling a form and state your complaints.
What people don’t know about Bank Statement?
In accounting, there is what is called Bank Reconciliation Statement; It is a statement to reconcile the bank statement and cash book. When you notice a mistake in your Bank Statement, you need to list the mistakes and make complaints to the bank’s customer care center and some documents will be needed to resoling any issue concerning your Bank Statement.
It is important to know the meaning, features, examples, and reasons for obtaining statement. With this article, your statement is readily available every month.
This is a complete package. Thanks.
