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}		Column shows money taken out of account	Column shows money put into account	Column shows total amount in the account 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