How to Get Bank Statement Online or Offline | Bank Statement

A bank statement is a record of all financial transactions conducted by a particular entity over a specified time period. A standard bank statement, for example, can detail your monthly deposits and withdrawals.

An account statement usually contains three parts:

  • Account holder Details
  • Account Details
  • Transaction history

The statement contains the account holder’s information at the top. The account holders’ information includes their name, mobile phone number, and residential address. Following the accountholder’s information, a summary of the account is provided, including the account number, address, account description (count type), and other depositor information.

All reported transactions include the date, amount, and description of the payee or payer. The customer has the option of selecting the declaration date for which the bank statement will be generated.

For instance, A client may subscribe to or select a statement for three months or a specified number of days in order to obtain a full financial year’s account statement. Different financial institutions offer different declaration periods, allowing customers to select the one that is most convenient for them.

How to get a Bank Statement?

There are two ways by which a statement can be availed:

  • Online Mode
  • Offline Mode

How to get a Bank Statement online?

Online modes are electronic or paperless modes of communication in which account holders can access their statements via the mobile banking application, the net banking platform, or by downloading them online as e-statements. Certain financial institutions do not allow users to download or print bank accounts while logged into their net banking or mobile banking application. Banks send customers’ statements via email, both downloadable and printable.

Certain banks automatically send monthly statements via mail. The mailed notices are identical to the ones that appear online. To ensure security, these emails are password-protected and can be accessed only with the appropriate credentials.

Here are several measures for online access to the bank account:

Step 1: Log in through the net banking portal or mobile banking app.

Step 2: Look for the words “bank comment” or “e-statements” in the title.

Step 3: Select the statement period.

Step 4: On the registered email ID of the account holder, the bank will send the account statement for the selected time. Alternatively, some banks can also download the bank statement through the net banking platform or the mobile banking app.

How to get a Bank Statement offline?

Certain banks generally send bank accounts via postal mail when operating in offline mode. In most banks, the client must visit the bank and complete a bank declaration form. Customers can select the statement period that best suits their needs and receive the same from their bank branch for various reporting periods.

Additionally, ATMs enable the printing of a summary edition of a bank statement, referred to as a transaction history. Thus, the ATM option is also available.

What are the features of the Statement of Account?

Identify fraud 

A statement helps you periodically check your declarations, like someone else using the debit card, to help you detect fraudulent activities.

Monitor account balance 

A bank statement helps a client monitor its expenditures and transactions (debit and credit both). A customer is also aware of this, and therefore controls his or her finances.

Fee and Interest Tracking

When you send interest to a bank or credit union, you will see how much money you save each month. You may place some money on an investment or money market to earn more, depending on the interest received.

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