2.2.4 Your account statement

From: Financial Consumer Agency of Canada

Your financial institution will give you a record showing the money that goes into and comes out of your account: your account statement. The type of record depends on the account you have. It could be online or a monthly statement that is mailed to you. (Your financial institution may charge a fee for paper statements.) Some accounts give you a passbook in which you can print the transactions at a teller machine or in your branch.

The account statement will look similar to the statement below, whether it is printed on paper or displayed on a computer screen.

Check your account statement at least once a month, either online or on your printed record. Watch for any transactions you don't recognize. This is your chance to make sure that no one has used your account improperly, and that there are no mistakes.

If you find any unusual transactions, first check your own records to make sure you haven't forgotten anything. If you are sure the statement is wrong, contact your financial institution and explain what the problem is.

Your account statement
ABC Bank Footnote 1

1425 Names Street, PO BOX 4000
Victoria BC V8X 3X4. 1-800-555-5555

Chequing Account Statement
Page: 1 of 1

Statement Period Account No.
John Jones Footnote 2
1643 Dundas St. W Apt 27
Toronto ON M6K 1V2
2012-03-18 to 2012-04-19 Footnote 3 00005-123-456-7 Footnote 4
 
Date Description Ref. Withdrawls Footnote 5 Deposits Footnote 6 Balance Footnote 7
2012-03-18 Previous Balance Footnote 8  
0.55
2012-03-19 Payroll Deposit - Hotel  
 
694.81
695.36
2012-03-20 Web Bill Payment - Mastercard 9685
200.00
 
495.36
2012-03-21 ATM Withdrawal - Interac 3990
21.25
 
474.61
2012-03-22 Fees - Interac Footnote 9  
1.50
 
472.61
2012-03-25 Interac Purchase - Electronics 1975
2.99
 
469.62
2012-03-25 Web Bill Payment - AMEX 3314
300.00
 
169.62
2012-03-27 ATM Withdrawal - First Bank 0064
100.00
 
69.62
2012-03-29 Interac Purchase - Supermarket 1559
29.08
 
40.54
2012-04-01 Interac Refund - Electronics 1975
 
2.99
43.53
2012-04-02 Telephone Bill Payment - VISA 2475
6.77
 
36.76
2012-04-02 Payroll Deposit - Hotel  
 
694.81
731.57
2012-04-04 Web Funds Transfer - From Savings 2620
 
50.00
781.57
2012-04-08 Pre-Auth. Payment - Insurance  
33.55
 
748.02
2012-04-12 Cheque No. - 409  
100.00
 
648.02
2012-04-15 Mortgage Payment  
710.49
 
-62.47
2012-04-16 Fees - Overdraft Footnote 10  
5.00
 
-67.47
2012-04-17 Fees – Monthly  
5.00
 
-72.47
     
 
 
 
  *** Totals ***  
1515.63
1,442.61
 
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