Application For bank statement is an important document that is needed to obtain information about previous transactions, apply for loans, monitor vendor payments, etc. By sending a letter of request for a bank statement to the appropriate bank, a company can get one.
What is a bank statement?
A formal document called a bank statement lists all transactions for a certain period of time in detail. Each month, the bank mails it to the account holder. The following is frequently summarised in a bank account statement:
- each and every transfer, withdrawal, and deposit
- During the period, interest was earned Services fees or penalties were incurred
- Balances at the beginning and the end
It makes it easier for account users to keep track of their spending, income, bank fees, interest earned, and other things.
Need of bank statement for business
In a business, a bank statement can be useful in a variety of ways. Here are some of them explained:
- A bank statement lists all deposits, withdrawals, and charges.
- Planning and budgeting: Bank statements assist businesses in classifying their expenditures. This makes it possible for the company to keep track of existing costs and make plans for upcoming ones.
- Monitoring vendor payments: A bank statement is evidence of a payment being made. Updating the payment made and figuring up the closing account amount owing, it aids in maintaining vendor accounts.
- Determine bank fees and interest earned: By examining the bank statement, a company can determine the bank fees and interest earned during the period. In the event that additional charges are booked, it can also contact the bank.
- Required for obtaining loans: Before approving loans, many financial institutions demand bank statements from the previous two to five years. Analyzing a company’s creditworthiness is beneficial.
The process to apply for a bank statement
You can either receive a bank statement offline or online. For offline mode, one must send a letter requesting a bank statement and stating the time period in which they need the account statement. The next subject provides a detailed explanation of the bank statement request letter’s contents and sample format.
Click Here For Information About Email Writing Format
To obtain your bank statements online, take the following actions:
- Use a mobile banking app or online banking to log in to your account.
- Select “Bank Statement” from the tabs.
- Click “OK” after selecting the account statement period.
The bank will send the account statement for the chosen time to the registered email address. Some banks also give customers who use their net banking or mobile banking applications the ability to download the bank statement as a PDF.
Automated Teller Machines: The ability to print the consolidated account statement is available on ATMs as well. To obtain its transaction history, one can also use this option.
The cost of distributing printed bank statements is typically minimal. E-statements are not, however, charged. Therefore, using net banking to track your account is preferable. The e-statement can be printed out and submitted to the bank for authentication.
Contents and format of bank statement application or bank statement request letter
Write the letter requesting or requesting a bank statement in clear, businesslike language. The following are some key details that must be included in a letter requesting bank statements:
- Recipient bank name and address
- Subject line for requesting a bank statement
- The body should contain information such as the bank account number, account information, the justification for the request for the statement, the time frame for which the statement is needed, etc.
- A complimentary closure line
- Your signature
- Your name and address
- Mobile number
- Enclosures, if any
Letter to Bank Manager for Bank Statement
To
The Branch Manager,
Central Bank of India,
XYZ Road E Block City, Chandigarh.Date:- Date/Month/Year
Subject:- Request letter to bank manager for bank statement.
Requested Sir/Madam,
I need a copy of my account statement for the previous two months due to some official business. My account number is ________, and I have an account with your branch. My mobile phone and registered email are both.Please print or email me a copy of my account statement.
Thanking You,
Yours Faithfully
Signature
Letter to Bank Requesting Statement
To
The Branch Manager,
UCO Bank,
XYZ Road F Block City, Shimla.Date:- Date/Month/Year
Subject:- Letter to bank requesting a statement of my bank account.
Requested Sir/Madam,
My name is ________, and I have a current account (please include your account number) with your branch. I’m writing to ask that you kindly provide me a statement of my account for the last three months because I need it to create my income certificate, which I need the statement for.Therefore, create my statement for me. I will always be appreciative of your help if you can complete this in less time.
Thanking You,
Yours Sincerely
Signature
Application for Bank Account Statement
To
The Branch Manager,
Punjab and Sindh Bank,
XYZ Road G Block City, Mumbai.Date:- Date/Month/Year
Subject:- Application for Bank Account Statement.
Requested Sir/Madam,
I sincerely ask that you furnish me with my six-month bank statement. I’ve had savings account with your institution for a few years under the name. The number on my account is. Because of [insert your justification], I am demanding a statement.Thanking You,
Yours Sincerely
Signature
Bank Statement Request Letter
To
The Branch Manager,
State Bank of India,
XYZ Road City, Amaravati.Date:- Date/Month/Year
Subject:- Requesting letter for bank statement.
Sir/Madam,
I’d like to let you know that, under the name “account holder name,” I have an account with your branch. I require my account statement for the previous six months because I’m applying for a credit card, which calls for a six-month account statement. My account’s specifics are as follows:Account Holder Name
Account Number
Registered Email
Aadhaar Number
Mobile NumberTherefore, I respectfully ask that you accept my letter and release my bank account statement for the previous six months.
Thanking You,
Yours Sincerely
Signature
FAQs Regarding Bank Statement Requests
Q1 – How should I format my request for a bank statement?
Ans – To the supervisor letter requesting a bank statement as its subject. My savings account is with your bank, sir. I need my bank statements for the previous four years due to certain personal issues. I’m hoping you’ll give it to me as soon as you can. I’m grateful.
