Paper Statements
Historically, bank statements were paper statements produced quarterly or even annually. Since the introduction of computers in banks in the 1960s, bank statements are generally produced monthly. Bank statements for accounts with small transaction volumes, such as investments or savings accounts, are usually produced less frequently. Depending on the financial institution, bank statements may also include certain features such as the cancelled cheques (or their images) that cleared through the account during the statement period.
Some financial institution use the occasion of posting bank statements to include notices such as changes in fees or interest rates or to include promotional material.
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Famous quotes containing the words paper and/or statements:
“They come on to my clean
sheet of paper and leave a Rorschach blot.
They do not do this to be mean,
they do it to give me a sign....”
—Anne Sexton (1928–1974)
“The statements of science are hearsay, reports from a world outside the world we know. What the poet tells us has long been known to us all, and forgotten. His knowledge is of our world, the world we are both doomed and privileged to live in, and it is a knowledge of ourselves, of the human condition, the human predicament.”
—John Hall Wheelock (1886–1978)