The primary purpose of a bank statement is to keep the owner of an account informed about their expenses. By analyzing the transactions, individuals and businesses can notice key expense trends, identify where they are overspending, and based on these insights make decisions to optimize their budget.
This information can come from a number of documents, but is necessary to proving where you live. A utility bill, credit card statement, lease agreement or mortgage statement will all work to prove residency. If you've gone paperless, print a billing statement from your online account.
Yes, lenders ask for bank statements to assess your financial standing via: Your monthly income. Your spending patterns. Payments towards loans and credit cards.
You will need to provide us with: Your most recent bank statement (with your name as account owner) showing your income credits over a consecutive 3 month period, with your most recent credit made within 30 days of your credit card application.
Look for account details: Within the statement, find a section that details your account information or profile. Identify billing address: The billing address associated with your credit card account should be clearly stated in this section.
This information can come from a number of documents, but is necessary to proving where you live. A utility bill, credit card statement, lease agreement or mortgage statement will all work to prove residency. If you've gone paperless, print a billing statement from your online account.
End of year tax deduction certificates. Current bank statements or credit/debit card statements. Current utility bills.
Online statements Online banking, utility or council tax statements can only be accepted for proof of address if a photocard driving licence has been provided as photographic proof of identity and the address on the card matches the address on the statement.