What is a bank statement?

Jesse Abrams - April 25, 2018, 8:40 pm

What is a bank statement? 

A bank statement is a snapshot of your recent banking information. It shows a record of the balance of the bank account that you use for your salary and expenses. It shows the amount of money that is being paid into and withdrawn from teh account. Generally a lender will look to see the last three months of a borrower's bank statements. This will allow them to see average salary, home down payment, any major expenses, etc. All of this information is kept extremely private. 

      

How can you get your bank statement? 

Simply go into your online banking and take a screen grab of the last three months of bank statements. the files sent through can be in any format that shows the image, such as PDF or JPG. If you do not use online banking, your nearest branch will be able to provide you a copy. 

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