How to Get Bank Statement Online? Step-by-step Process

Tracking your finances is essential for proper financial planning. This way, you can effectively set a budget and refrain from overspending on things that you don’t need. But how do you track your finances? Well, regularly checking your bank statements can help. How to check that? This guide is here to show you exactly that!

What is a Bank Statement?

A bank statement is like a financial report that includes a summary of all your bank account history over a set period of time (mostly every month). It has a detailed report on your monthly transactions, including withdrawals, spends, fees, and transfers. It also includes the dates and amount of each transaction for a detailed view so that you know where you spent the most in the month. Apart from this, a bank statement also includes any closing or opening balances with an interest rate that occurred on those transactions.

What Does a Bank Statement Include?

Below are all the main components that make up a bank statement:

• Interest accrued on any loans or credit lines used
• Opening and closing balances
• Transactions, including transfers, withdrawals, fees, and deposits
• Your account information, including account number, account name, and address

Bank statements are also called transaction summary statements or account statements and can easily be obtained online as well as offline. The main purpose of keeping track of your bank statement is to understand your financial activities better and track where you spend the most. Since this is all personal information, it’s important to keep these safe and well-protected.

How to Get Bank Statement Offline?

Here’s how you can get a bank statement offline:

• Visit your nearest bank branch: Head over to your nearest branch and request a statement. You’ll usually need to fill out a request form where you can specify the exact dates for the statement period you need.
• Use an ATM: Many ATMs let you print a quick summary of your recent transactions. It won’t be the full statement, but it can give you a snapshot of your account activity.
• Call customer support: Not into online banking? No problem! Call your bank’s customer service number (usually found on the back of your debit card or their website) and ask them to mail or email a copy of your statement.
• Use a missed-call banking facility: Some banks offer missed-call services, so just dial a specific number, and you’ll receive your account details or statement link via SMS.
• WhatsApp banking: A growing number of banks now use WhatsApp. Send a simple message to the designated number, and you’ll receive your statement or balance details instantly.

How to Check Bank Statement Online?

Apart from the traditional offline method, you can get your bank statement through online facilities. Here are some ways to check your bank statement online:

1. Through Bank App

   Today, almost every bank has an application that allows easy access to its features. Here is a step-by-step walkthrough for you to get a bank statement online with the bank’s app:

   • Download the app from the Play Store or App Store.
   • Enter all the necessary login details, such as an internet banking username and password.
   • Search for the “download account statement” button in the app. You can usually find it in the drop-down menu or on the dashboard.
   • Select the date range from which you want to access your bank statement.
   • Click on the email statement or download statement button for an encrypted file with the preferred file format.

2. Through Email

   Banks always send an account statement on the registered email ID in your account details given to them. This is done periodically, mostly every month. You can easily download the PDF of your bank statement by simply checking your email ID. Here are the steps to follow:

   • Check the inbox of the registered email ID.
   • You can search your inbox with the bank’s name.
   • Open the email containing the bank or account statement of the preferred month.
   • Download the attached file on your device.
   • Since the file will be encrypted, the bank will provide instructions on decrypting the file by giving you an idea of the password you need to put in. Follow the steps and enter the password accordingly.

How to Download Bank Statement PDF?

No matter which bank you use, if you have online banking, you can access your statements in PDF format. While the wording may vary slightly across platforms, the overall process is pretty straightforward.

Here’s a simple breakdown to make sure you get everything right:

• Head to your bank’s website.
• Log in to your online banking portal (it might be called Digital Banking, Internet Banking, or eBanking).
• Look for 'Statements,' 'e-Documents,' or a similar section.
• Select the correct account if you have more than one.
• Pick the statement you need or set a custom date range.
• Choose PDF as the file format.
• Download the statement to your device.

If you need multiple statements, just repeat these steps for each one. Some banks might not have a direct download button — in that case, click ‘Print’ and select ‘Save as PDF.’

And that’s it! You’re all set to keep track of your finances.

Benefits of Checking Bank Statements Online

But you might wonder, why get a bank statement online when you can do it offline as well, right? Here are some of the benefits you get when you check your bank statement online:

1. Monitor Your Spending Habits:

   A bank e-statement lays out all the key details of your transactions—like dates, amounts, recipients, and types, making it super easy to stay on top of your finances without the fuss.

2. Gain Real-Time Access:

   You can check your account balance, review your transaction history, and download detailed statements instantly. No more waiting in long queues or working around limited banking hours!

3. Detect Frauds or Errors:

   Regularly reviewing your bank statement online helps you spot errors, discrepancies, or unauthorised transactions right away. This way, you can report issues promptly and ensure they get resolved without delay.

4. Strategise Your Financial Planning:

   Tracking your transaction history through online bank statements makes managing your finances a breeze. It empowers you to make smart decisions about budgeting, saving, and investing, leading to more effective financial planning.

5. Enhance Financial Security:

   To access your bank statement online, you'll need to verify your identity by entering your banking credentials, such as your login ID, password, and any One-Time Passwords (OTPs) sent to you. These security measures are designed to protect your information and prevent unauthorised access.

6. Support Sustainability:

   Opting for digital statements not only reduces the carbon footprint of financial operations but also promotes eco-friendly practices. Plus, going online can significantly cut down on unnecessary costs associated with courier and handling fees for paper statements.

FAQs:

1. Can I get a PDF of my bank statement?

   Yes, you absolutely can get a PDF of your bank statement by:

   1. Download the bank’s app and log in to your account.
   2. Signing in on your net banking account online.
   3. Checking your registered email.

2. How do I get my bank statement online immediately?

   Here are some quick ways to access it:

   • Visit your bank’s website and sign in to access your statement.
   • Open your bank’s app and navigate to your statements.
   • Look for your statement in your registered email inbox.
   • Some ATMs allow you to print your bank statement directly.

3. How can I download bank statements online?

   • Go to your bank’s website and log in with your net banking credentials.
   • Click on ‘E-statements’ and choose your desired timeframe.
   • Select the PDF format and hit ‘Download.’

   Alternatively, you can download your statement via the bank’s app by entering your password or logging in.

4. How can I get my bank statement from an ATM?

   Here’s how to get a bank statement from an ATM:

   • Visit the nearest ATM.
   • Insert your card and enter your four-digit PIN.
   • Select the ‘Get mini statement’ option to print your statement.

5. How can I get a bank statement by SMS?

   Some banks allow you to access your bank statement through SMS. Check with your bank to see if this option is available for you.

6. What does “cr” mean in my bank statement?

   The CR in your bank statement stands for credit. This indicates the money that has been deposited in your account (like salary).

7. What does “dr” mean in my bank statement?

   The DR in your bank statement stands for debit, which indicates the money spent or withdrawn from your account.