2.1.5 Account Statement

The Account Statement Request option allows the user to request and generate an account statement based on a given date range or selected period on the account holder’s request.

For an account, an Account statement is a record of transactions and its effect on account balances over a specific period of time. Typically, the statement lists debits and credits in the account for that period. A detailed statement provides more details of the transactions including the order of details, ultimate beneficiary, payment method and so on. On the other hand, a Summary statement displays all transactions but only limited details of individual transactions are displayed such as the reference number, date and the amount with a debit/credit indicator.

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