Do Bank Statements Come Every Month?

A:

Banks statements commonly come out every month. The statement cycle will vary based on your bank. Your statements will be mailed at the end of each statement cycle. You will obtain your statements within about a week after the end of the cycle. Some banks mail quarterly statements, but quarterly statements are not common.

Many banks offer and encourage online banking as an alternative to mailed statements. When you setup online banking with your bank, you have the ability to view or print your current or past statements whenever you want. My bank will email me when a new bank statement is available online so there is no need to keep checking for a new statement.

We recommend checking your bank statement every month to be sure there were not any bank errors. They do happen from time to time and they are not always minor. It is best to get in a habit of writing down your transactions so that you have records to verify against your bank statements. It may be difficult to catch potential errors without accurate records of your withdrawals and deposits. Additionally, it is also a good idea to check your statements to protect against fraud. The sooner you can detect fraud and report it to your bank, the better.