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.
Read more about this topic: Bank Statement
Famous quotes containing the words paper and/or statements:
“The fate of the country does not depend on how you vote at the polls,—the worst man is as strong as the best at that game; it does not depend on what kind of paper you drop into the ballot- box once a year, but on what kind of a man you drop from your chamber into the street every morning.”
—Henry David Thoreau (1817–1862)
“There was books too.... One was “Pilgrim’s Progress,” about a man that left his family it didn’t say why. I read considerable in it now and then. The statements was interesting, but tough.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)