This is because banks typically utilize bank statements to advertise their plans, products, and financial schemes. Through this simple document, you will also learn about different types of bank schemes. It will also allow you to plan your expenses accordingly.Īfter you’ve confirmed the balance in your account through a bank statement template, you can issue checks as payment for things you purchase. The document can be very helpful to make yourself aware of your financial status.

It’s your account, so you have the right to know all of these details. They also contain specific amounts which you have paid or received within a given period.

One major purpose of bank statements is to provide you with information about how much funds remain in your account. Since bank statements come from financial institutions directly, you won’t see a lot of editable bank statements unless you’re planning to create one for your own institution.Ĭontinue to 50+ FREE Bank Statement Templates from Purpose of a bank statement Although we can now receive e-statements via email, a lot of people still prefer paper bank statement templates so they can keep these in their files and refer to them as needed. Usually, financial institutions send these through the mail which is why they usually come in the form of written documents. The transactions which appear on the statement include deposits, withdrawals, debit, and credit. You can get a free bank statement template from your bank or other types of financial institutions. Download 183 KB Commonweath Bank Statement - What is a bank statement?īy definition, a bank statement is a summary of transactions which are financial in nature and which have occurred over a period of time.

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