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Getting a business bank statement from a bank.
Bank statements allow people to manage activities on their accounts over a period of time. More commonly, it would be a detail of incoming and outgoing funds within a 30-day duration.
It gives account holders powers over their balances, budget and expenses making business especially easy to manage.
More so, they are highly important in business growth.
Visa, loans or school applications would also usually require bank statements, which is why it is necessary to visit the bank monthly to get it.
Banks in Nigeria deliver account statements in many ways including allowing customers to obtain them online.
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Getting bank statements regularly also means keeping track of a business bank account in Nigeria to avoid theft or fraud.
There are people who still who doesn’t have a separate account to do business, then the rules for managing a business bank statement including getting a statement regularly should apply to their personal accounts.
How to get an account statement from a bank in Nigeria
- Visit the bank at its brick and mortar location or go to its online banking service.
- Find a section that says “Statements” and click on it.
- Select a time period for the statement.
- Then view statement.
- There are options on the open document that says print and save bank statements in PDF format.
- Choose the preferred option.
What a bank statement contains
Bank statements help reveal any inaccuracy, fraud or errors especially in business accounts, a process known as bank statement reconciliation.
A bank statement usually details the following:
- Statement cycle – Depening on the dates choosen.
- Withdrawals, transfers, online shoping deductions.
- Deposits.
- Bank charges.
- Interests earned.
- Account holders information.
- Bank information.
- Transaction date.
The bank further provides instructions within a bank statement for reporting any inaccuracies.
