Bank Statement Template

A Bank Statement is an important report released by bank to provide history of transaction under a defined period. These statements are really important for both banks and account holders, as the statements provide details of debit and credits of the bank accounts. The statements provide details of annual percentage yield, current interest rate and charges. The statement provides clear picture to customer about the value of account, outstanding checks and cash deposits as well as withdraws. The banks statement is issued on monthly basis, but now the customer can electronically access the bank statements.

Benefits of Bank Statement

The bank statements are issued by banks and the errors in the banks statements can be reported within six months from the date of statement notify by the bank. After that time, you can’t ask to rectify the bank statement. The copies of banks statements help you to avoid extra charges in the certain situations. With the help of bank statements, you can apply for loan, or can check either you are qualified for the loans. The banks statements are confidential documents; therefore it is the responsibility of the person to keep his/her banks statement secure to avoid any financial fraud.

Here is preview of a Free Bank Statement Template created by our staff using MS Word 2013,

Bank Statement Template

Description of Banks Statement

The information on the bank statement can be confusing and difficult to understand for new users. Every bank has its own style to design bank statement, but the information always remains same.

Accounts Details

The bank statement details the type of account an individuals has among a checking account and a saving account. Checking account has direct connection with debit card and the saving accounts are usually preferred by the users because of higher interest rate. The bank statement display all transactions of your bank account and but only last four digits of your account number are displayed for your safety and protection.

Deposits and Additions

The bank statements have a separate column with the name of deposits to write the details about cash deposited by any individual in the account. The column contains total amount added in your account and the date of transaction. If you want to keep the record of your deposits, it will be good to keep your deposit receipts secure to ensure that the money is going into the correct place.

Money Withdrawals

Whenever the individual takes out money from his/her account, the transaction is listed in the withdrawals section. The money withdrawer through an ATM is also listed in this section.

Pending and Posted Transactions

The transaction made after banks timings and on holidays will go into the section of pending transactions. Some transactions go into pending section to protect you from any financial fraud. The posted transactions are both debit and credit card purchases, ATM withdraws, cleared check and online bill payments.

Date and Description of Transactions

The bank statements contain the description of each transaction, for instance, if the transaction is made at gas station, the bank will write the name of gas station for your convenience.

Total Balance

The balance is an important part of bank statement. It is given at the top and at the end to tell you about total amount in your account. The negative balance means you owed money from banks. The positive balance shows the existence of money in your account.

Here is download link for above shown free Bank Statement Template,

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