How to Get a Bank Statement Online?

A bank statement helps you track your spending and fraud. Additionally, if you wish to apply for a loan, you will need to provide a bank statement. A person can get a statement both online and offline. Or you are someone who is not accustomed to net banking or online banking apps. Here, in this guide, you will learn how to get bank statement online.

What is Bank Statement?

A bank statement is a detailed report that contains essential transaction information, including deposits, withdrawals, transfers, fees, and balances. It serves as an official record to track finances, verify transactions, and find errors or fraud.

How to get Bank statement online?

You can find your bank statement online through internet banking or a mobile banking app.

 

Banking App

• Download the bank app on your mobile device
• Login
• Click on the request statement
• Get a bank statement

Net Banking

• Go to your net banking portal
• Login with your user ID and password
• Go to the Accounts/ Statements section
• Choose the account and data range
• Select download
• Get bank statement online

Email Statement

Many banks send the monthly statement via email

• Log in to net banking → preferences → e-statement.
• Register your email ID.
• Choose frequency: Monthly/Quarterly/Yearly.
• Bank will send a password-protected PDF.

Why do you need a Bank Statement?

A bank statement is not just a record of credit or debit. You can use it as proof of income.

• Loan and Credit Card Application

When some apply for a loan, banks and financial institutions ask for a bank statement. It helps evaluate your income, spending habits, and repayment capacity before approving a loan or credit cards. In simple words, it helps in checking the creditworthiness.

• Income Proof

If you are self-employed or salaried, your bank statement is your proof of income. It shows regular salary credits, business income, or other earnings. Whether it is employment verification or financial assessments, you need to get bank statement online.

• Tax Filing

It helps track income, expenses, interest earned, and large transactions. It is required for income tax filing returns for accurate financial reporting.

• Identifying Fraud

If you regularly check the bank statement helps monitor spending, manage budget, and identify unauthorised or suspicious transactions. It reduces the risk of money loss.

Bank Statement Password Format

Many banks provide a password-protected PDF, which adds security. The password format depends on the bank.

 

Date of Birth + Name

• DOB in DDMMYYYY
• First name in capital letters
• Combination of name initials and DOB

Example: RAHUL@12081995

 

Account Number (Last 4 Digits) + DOB

Customer ID

• Last 4 digits + DOB
• DOB + 4 digits

Example: 1995XXXX

 

Customer ID or PAN-Based Password

• Customer ID
• PAN Number
• PAN + DOB combination

Why online bank statement better than a physical bank statement?

There are many reasons why carrying an online bank statement is better than a physical bank statement:

• Instant Access

You can view or download your bank statement anytime and anywhere, whenever it is required. On the other hand, it is difficult to carry a physical copy everywhere.

• Paperless

You can view your bank statement online. There is no need to store or manage physical paper long-form documents.

• Easy to download and share

You can download a bank statement PDF from the app and share it easily with the bank or a financial organization.

• More secure

PDF is password-protected with encryption. So, the risk of unauthorised access is less.

• No risk of loss or damage

Physical documents are always prone to damage and loss. Carrying a digital PDF solve this issues.

Is it safe to download a bank statement online?

Yes, it is safe, but you should follow some security tips:

• Only use official bank apps, be aware of clone apps and phishing app links. It can steal your personal financial information.
• Don’t use public Wi-Fi, accessing or downloading a bank statement via public Wi-Fi increases the chances of data theft.
• Avoid sharing the PDF password or any other password; user credentials are sensitive personal data that you should keep private.

Conclusion

A bank statement is a crucial document that contains your financial information as well as valid income proof. However, carrying a physical copy is hectic and prone to damage or loss. You can avoid such issues by using an online statement. You can access it anytime and anywhere. Many people do not know how to get bank statement online. You can download it from your banking app, net banking, and email. Follow the above guide for assistance. As the bank statement PDF is password-protected, it is more secure to use compared to physical paper. 

FAQs

Ques: How do I get bank statement online?

Ans: You can get your bank statement from the banking apps.

 

Ques: Can I download a bank statement online?

Ans: Yes, you can download a bank statement online.

 

Ques: Can I get a PDF bank statement online?

Ans: Yes, you can easily get a bank statement online in PDF.

 

Ques: How many years of bank statements online can I download?

Ans: Most of the banks provide around 7 years of bank statements.

 

Ques: Do banks charge a fee for online bank statements?

Ans: Usually, most of the banks provide it for free.