Fillable Form Bank Statement
A Bank Statement is a formal document that displays the financial transactions of an individual or business over a specific period of time. This document typically includes information such as the account holder's name and account number, the beginning and ending balances, deposits and withdrawals, and any associated fees.
What is a Bank Statement?
A bank statement is a financial form provided by banks or financial institutions. It lists all the transactions made within a specific time frame and shows the current balance in the account. This form is especially useful for people who want to keep track of their spending, understand their financial situation, or check where their money is going.
While its main purpose is to record transactions, a bank statement has other uses too. It can be used when applying for loans, supporting legal claims, planning financial decisions, or checking for any errors in your account by reviewing transactions regularly—whether daily, weekly, or monthly.
To get a bank statement, account holders need to submit a request to their bank, ensuring all required details are included to avoid delays. Digital copies of bank statements are usually free and can be sent via email. However, if you ask for a printed version or multiple copies, banks often charge a fee, which may include delivery costs if sent by courier.
How to Fill Out a Bank Statement
Follow these steps to complete a bank statement correctly:
Step 1: Use a Template
Use the fillable bank statement template found here.
Step 2: Complete the Key Sections
- Bank Statement Details
- Beside “For the period of”, enter for which period the bank statement is being created for.
- Enter your name.
- Enter your address.
- Account Summary
- Enter the opening balance amount.
- Enter the amount of total deposits for the period.
- Enter the amount of total withdrawals for the period.
- Enter the closing balance amount for the period.
- Transaction Details
- For each date when a transaction occurred, enter the following details:
- Date of transaction
- Description of transaction
- Amount deposited, if any
- Amount withdrawn, if any
Once you have filled out all the fields, you are now ready to download your accomplished bank statement.
FAQs About Bank Statement
How can I get a bank statement?
You have several options to obtain a bank statement:
- Online: Use your bank’s app or website to download an electronic copy.
- In-person: Visit your local branch and request a printed copy.
- By mail or phone: Some banks allow you to request a paper statement to be sent by mail or arranged over the phone.
Most people prefer online access for its convenience. You can save statements as PDFs, print them as needed, and monitor transactions more easily. However, some people still opt for mailed statements, especially if internet access is limited or they prefer physical copies for reliability.
Some banks offer only digital statements, with paper copies available as an additional service. Choosing paperless options is not only more environmentally friendly but also reduces the risk of tampering compared to hard copies.
Can I get a bank statement immediately?
The fastest way to get a bank statement is by visiting a local bank branch and requesting a printed copy. If your bank has an online platform, you can also access your account and download or print a PDF version instantly.
Is it legal to create a fake bank statement?
No, it is illegal to create or use a fake bank statement. Falsifying such documents is considered fraud and can result in criminal charges, including fines or jail time.
Attempting to deceive others with fake statements undermines trust and can have serious consequences, such as losing your job or facing legal action. If you need a bank statement, always obtain it directly from your bank to ensure it is legitimate and accurate. For official purposes, you may request a certified copy, which includes a seal or signature to confirm authenticity.
What information should I hide on my bank statement?
When sharing your bank statement, you should obscure sensitive details like:
- Social Security Number (SSN)
- Account numbers
- Other personal information
This can be done using a marker or editing tool to ensure your privacy is protected.
How are bank statements verified?
Verification teams, either in-house or outsourced, confirm the authenticity of bank statements. They check for accuracy and signs of tampering. Key roles include:
- Fraud Analysts: Detect suspicious activities or transactions.(SSN)
- Risk Officers: Assess whether the account holder is reliable for financial dealings.
Always provide accurate information to facilitate the process and avoid complications.
Can bank transactions be hidden?
No, all transactions on your account are recorded and reflected in your bank statement.
Is it okay to send a bank statement as proof of address?
Yes, bank statements are commonly accepted as proof of address. They must display your name and current address. If you recently moved, consider using a landlord’s letter or another official document with your updated address.
Why do companies ask for bank statements?
Companies, especially lenders, request bank statements to review:
- Income and spending patterns
- Recurring payments (e.g., rent or mortgage)
- Financial stability for loan approval
Always provide accurate information to facilitate the process and avoid complications.
Are bank statements legal documents?
In some cases, bank statements can serve as legal documents. For example:
- As evidence in legal disputes or bankruptcy cases
- To prove income or asset ownership
Certified copies are often required for legal purposes, as they bear an official seal or signature.
Who can see my bank transactions?
Generally, the following parties can access your transaction details:
- Your bank: For managing your account.
- Authorized individuals: Family members or others you’ve granted access.
- Government authorities: For tax or legal purposes, with proper authorization.
- Law enforcement: With a subpoena or warrant in legal cases.
- Lenders: If you authorize them during a loan application.
Your bank is obligated to protect your privacy and cannot share your information without your consent, except under legal circumstances.
How do lenders verify income?
Lenders verify income by requesting documents like:
For self-employed individuals, detailed business records or additional documentation may be required
Is it safe to send bank statements to lenders?
While some lenders may request bank statements, you are not required to share them without your consent. Be cautious, as sharing gives them access to your financial history. If you prefer not to share detailed information, consider finding a lender that doesn’t require full bank statements. Always verify the legitimacy of the lender before sharing personal documents.