How to Get a Bank Statement Online? A Step-by-Step Guide | Unity Bank
5 min read | about 2 months ago
How to Get a Bank Statement Online?
It is very important to check and download bank statements because it can help customers to track finances seamlessly. Net banking is one of the most popular ways to view and download statements online. Users keep track of electronic statements to check balance or download statements for different requirements using three simple ways which includes Bank application, checking register email and also in an ATM.
What is a Bank Statement?
A bank statement is a record of all the payment transactions in a bank account over some time. It is also called an account statement or transaction summary that includes all the details regarding deposits, withdrawals, transfer dates and amounts of every transaction, people involved in the transaction, the name address and phone number of the account holder and also the account number. Therefore it is a summarized version of the monthly transaction of an account and it is typically received from the bank to the account holder every month either on paper or digital form. Bank notifies a bank statement to the account holder that shows a detailed explanation of the activity that has been conducted within the account. It helps users to check through all the transactions that have been processed chronologically.
Types of Bank Statements
The different types of bank statements include
Electronic Bank Statement
Electronic statements help account holders to get access to the statements online to download or print. There are many recipients of electronic statements who still print out statements at home to keep a permanent record. There are certain banks that send email statements to customers as an attachment. ATMs can be used to print the summarised version of the bank statement as well.
Paper Bank Statement
These are issued by the bank through physical paperwork and it includes fees because of labour, supplies expenses of printing and statement mailing.
Benefits of Bank Statement
Bank statements are summarised version of seamless overview of the financial condition with the incorporation of different useful features. These features involve transaction records of every deposit, transfer that has been made within a specific time period. In addition to this they also dispatch the recent account balance giving users an idea into their available funds.
In addition to this, bank statements also highlight the interest on one against any kind of aligned expenses to ensure transparency in financial transactions.
In the current digital era modern bank statements develop functional capabilities like transactions that have been categorised as presented based on these spending patterns to graphical presentations as well. Additional features make it easier for the users to make a financial data interpretation that facilitates integrated management of money and developed and well-equipped decision-making.
Process of retrieving online
There are multiple ways to retrieve bank statements online including
Internet Banking
1. The user needs to log in to their respective bank internet banking account
2.Then there should be navigation towards operating accounts under the accounts tab
3. By clicking on the three dots on the right end of the account statement will be generated
4. The selection of generate account statement option needs to be pressed to access the account statement page
5. Clicking on the search transaction link will open a search dialogue box
6. After that, desired criteria should be entered like the date, and account number of the bank and press the search button network
7. After the displaying of the desired transaction then the user can download the statements in any format like PDF, Excel or TXT.
8. In addition to this, there are alternate versions where the bank user can only through the transaction directly by optimising the navigation or display options available.
Mobile Banking Application
1. Login to the mobile banking applications
2. There should be a selection of a request services option
3. Then navigate into the certificate and statement option in the request services and then choose the account statement
4. Users should choose the reliable account number for which they need to download the statement
5. Range of data to download bank statement
6. After submitting the desired information and notification will be provided to the operating device where the bank statement will be sent through email.
In this particular online facility, the user need not go through any kind of stages rather many banks provide the opportunity to deliver electronic statements through the user's registered email. To set up the service the user needs to visit their Bank branch and provide an email address so that statements are directly delivered to the registered email ID. After email activation, the user will receive every account statement securely in their inbox regularly.
Conclusion
Therefore this can be said that bank statements play an important role for the account holders to keep track of their money efficiently. Most of the banks send statements to the account holder on a monthly or a quarterly basis.
About Unity Small Finance Bank
Unity Small Finance Bank is committed to making banking simpler and more accessible for everyone. Our services include Savings Account, NRI account, Current Account, Fixed Deposits, and Personal Loans offering flexible tenures and attractive interest rates. We also offer financing options like MSME Loans and Microfinance to support businesses and underserved communities. Learn more about Unity Small Finance Bank here.
