12 Month Bank Statement Program

12 Month Bank Statement Program – The bank statement often ends up in the wastebasket (although it is increasingly common to consult it online and without having to print it). It is that paper that we receive by mail or that accompanies the transaction that we have just made in the window of the bank and to which we do not pay too much attention. But when the time comes to want to know how our economy is, what happens and what has happened in our current account, why our balance is not what we expected; it is then when we resort to the extract, authentic economic map of our financial state, and that sometimes we do not know how to interpret with precision or, simply, we do not know what information it offers us.

WHAT IS THE BANK EXTRACT?
The bank statement is a document that the holder of a current account can periodically request or receive in which the available balance of the account and the movements that have been made during the last month are collected. This statement is issued free of charge and serves to control all transactions that are carried out and that, in one way or another, have meant a variation, either positive or negative, in the balance of an account.

The information that the extract must offer, which in itself already covers a limited period of time in relation to the activity of the account (from that day to that other), must include any transaction that has been registered, however small it may be. be.

12 Month Bank Statement Program

Bank statement
Thus, in the section on activity concepts, all movements that have meant an increase or decrease in the balance must be included. These can be withdrawn from money, payroll income, movements at ATMs, direct debits, activities of debit cards, collection and payment with checks or commissions charged to our account, among others. And it is very important to keep a check, because it is not unusual for mistakes to be recorded. It is common that we can disagree with a direct debit, and if we detect it within a reasonable period of time, it can be returned to the source and order the bank not to accept it again. Or the case of not agreeing with some type of commission applied to an operation, and it is always negotiable the retrocession with the bank itself.

Dates are also very important in an excerpt. To begin with, the date of issue of the extract itself should always be included. But there are also two more dates in the document. On the one hand, the movement, which coincides with the date on which the transaction was carried out, and on the other hand, the value date, which is the day after which interest begins to be credited to the account or when generate a debt. It is important to know this, because money transfer operations usually take a few days to become effective and that lag can cause an overdraft in the account with the corresponding penalty. Especially when the money comes from another bank or from abroad.

The amounts of each operation is another of the data that appears in the extracts. Normally they are reflected in positive or negative according to collections or expenses / payments, although there are entities that do so in “accounting” mode with notes to the “Debit” if they are cash outflows and “Haber” when they are collections.

And finally the available balance, which is the difference between the registered entries and exits, and which must be detailed in each operation as the resulting balance, until reaching the “current” balance and available on the date of the statement.

Gallery of 12 Month Bank Statement Program

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