Free Bank Statement Templates [Editable]
The Bank statement template is such a document n which every account holder get in touch every month. Further, they receive bank statements from their respective banks against their transactions that took place in a month. The bank deals with thousands of customers and it is impossible to provide a separate financial statement to everyone. To overcome this issue, all the banks use pre-formatted statement templates. Moreover, banks save a lot of time by using these formats.
A standard bank statement contains details of deposits and withdrawals. However, the customer does all the transactions from the bank. Against those transactions, it provides a financial statement to its clients every month through the postal address or in the email provided to the bank at the time of account opening.
Sample Bank Statements
There are different types of bank statement documents available on the internet. Every bank uses a different format to facilitate the customer to provide the statement every month. Bank deals with hundreds of customers on daily basis. However, if they don’t use a proper format they can’t provide financial documents to all clients. Every bank uses format as per their requirement and creates a facility for them to send quick statements to their clients every month.
What is a Financial Statement?
A Bank statement is against the transactions of their client. The transactions are in the form of deposit, withdrawal, debit and credit. The bank statement template is free of cost and you can get it from your concerned bank. Normally banks send these statements through the mail and in the form of written documents. Moreover, there is a facility to receive e-statement through your email. However, people prefer to get a paper statement. The reason is they can keep it as a record and refer to it whenever needed.
What a bank statement is for?
The bank statement gives you the exact information about the remaining funds in your account. Further, you can tally the amount which you paid and received in a specific period. Being a customer of the bank, it’s your right to know your financial details. Moreover, you are always aware of your financial status. In Addition, you can check and plan your expenses accordingly.
A bank statement template’s basic components
The format of bank statements in every bank is slightly different from each other. However, their content can be different but the basic components are common everywhere.
In the financial statement document, there are relevant details of the bank is there. The information contains bank name, address, email address and contact number.
Information about Account Holders:
Like bank’s information, there is also detail about the account holder. It contains name, address, email address and contact information etc. The account holder can be an individual or business account. The information is the same for business and individual accounts.
Account details contain the account title and the account number. Further, it’s important to give the right information about your account number. Similarly, when you are entering account details for bank statements.
Bank Statement Date:
The bank statement date is the issue date. Similarly, it can be a period in which the bank issues the statement. Moreover, this is necessary that all relevant information should be on the bank statement template.
The details about the transaction are vital information in the financial statement template. Similarly, this is the column that covers most of the area in the statement. Moreover, all the details must be arranged along with proper dates and specific periods. Further, its bank’s responsibility to check all the necessary details in which dates and account number is vital. In Addition, to make your statement effective it is necessary to check all the transactions are there in chronological order.
After the details of the transaction, it is necessary to give information about the account summary.
For Instance, for any particular account, the summary includes the opening balance, total deposits, total withdrawals and the closing balance at the end of a specific duration.
Advantages of Bank Statement:
If you keep your bank statement with you, it will help out to chek your financial status. There are many financial benefits.
- The financial statement is a good supporting document for your effective and correct tax reporting.
- All the transactions are in one document which is a good evidence for proof of your account activities.For demanding a loan from the bank many documents are needed and one of the most important document is bank statement.
- Through financial statement you can keep record of unpresented and uncollected checks.
- Bank Statement plays a vital role in major businesses and planning their budget.
- Financial document provides a key role in reconcile of your accunt with your books along with the account of banks. Further, if there is any discrepancy, error or mistakes that can be easily rectify.
- Schools and other orgnanizations maintain their bank statement. Therefore, it’s a proff that students made their payments.
False Bank Statements
In earlier time people prepare their fake statements. This was possible when there is a manula system in the banks. Further, nowadays everything is coomputerized. All banks have online systems that’s why there is no chance of fake statements.
How To Request For Bank Statement?
The account holder can go to related branch and request for bank statement. However, this is the right for customer to request statement whever they need. Banks are bound to provide the document their client is requesting. Moreover, you should have a knowledge how to request bank statement.
The easiest way to request financial statement is to give application along with your account number and account title and the period . Bank staff will give you financial statement free of charge. Further, if you need more copies and printout you have to pay.
Bank Statement Reconciliation:
For reconciling the information with that of the bank you need to request for a bank statement. Sometimes there are differences which means the information is not tally and there are several reasons for that. For Instance, your bank has credited request amount or debited charges from your account. Further, for reconciliation the information is put side by side with each other. Moreover, if you find any error, highlight them. In Addition, write a letter regarding discovery and send it to your concerned bank along with financial statement.
A bank statement template which is a requirement of every account holder on monthly basis. Further, account statement give details about the transaction and you can maintain your account status. If you need loan from the bank one of the major document is financial statement. You can download different format of bank statements and use any format which will help you send timely statement to your customers.