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:
“The paper boy curses the dog through the latched screen door.”
—Mason Cooley (b. 1927)
“If we do take statements to be the primary bearers of truth, there seems to be a very simple answer to the question, what is it for them to be true: for a statement to be true is for things to be as they are stated to be.”
—J.L. (John Langshaw)